Cabot Oil & Gas (COG) Given Media Impact Rating of 0.10
Press coverage about Cabot Oil & Gas (NYSE:COG) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cabot Oil & Gas earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the oil and gas exploration company an impact score of 45.9049305348607 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Analysts Predict 11% Gains Ahead For The Holdings of FTXN – Nasdaq (nasdaq.com)
- Stocks Trend Prediction: US Bancorp (USB), Cabot Oil & Gas Corporation (COG) – Market Movers (financialqz.com)
- Is The Stock More Volatile Than The Market? – Cabot Oil & Gas Corporation, (NYSE: COG) – Stock Watch (stocksnewstimes.com)
- Why COG Is the Second-Best-Performing Upstream Stock Year-to-Date (finance.yahoo.com)
- Cabot Oil & Gas Corporation (NYSE:COG) Growth in Focus (thefucomics.com)
A number of brokerages have recently issued reports on COG. Williams Capital set a $30.00 price objective on Cabot Oil & Gas and gave the stock a “hold” rating in a report on Monday, October 30th. Cowen restated a “buy” rating and set a $30.00 price objective on shares of Cabot Oil & Gas in a report on Tuesday, September 12th. Zacks Investment Research upgraded Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Barclays lifted their price target on shares of Cabot Oil & Gas from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Finally, BMO Capital Markets set a $30.00 price target on shares of Cabot Oil & Gas and gave the company a “buy” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $30.59.
Shares of Cabot Oil & Gas (NYSE COG) traded down $0.27 on Thursday, reaching $27.78. 3,204,867 shares of the company’s stock traded hands, compared to its average volume of 5,948,405. Cabot Oil & Gas has a 1-year low of $20.55 and a 1-year high of $29.57. The firm has a market capitalization of $12,870.00, a P/E ratio of 74.55, a P/E/G ratio of 1.91 and a beta of 0.52. The company has a current ratio of 1.64, a quick ratio of 1.61 and a debt-to-equity ratio of 0.49.
Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a negative net margin of 8.80% and a positive return on equity of 6.63%. The firm had revenue of $385.40 million for the quarter, compared to analyst estimates of $400.85 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. equities analysts expect that Cabot Oil & Gas will post 0.49 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.20 annualized dividend and a yield of 0.72%. Cabot Oil & Gas’s dividend payout ratio is currently -62.50%.
In other Cabot Oil & Gas news, Chairman Dan O. Dinges sold 66,610 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the completion of the transaction, the chairman now directly owns 2,887,018 shares in the company, valued at $80,605,542.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert Kelley acquired 2,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were purchased at an average price of $27.47 per share, with a total value of $54,940.00. Following the completion of the transaction, the director now owns 619,500 shares of the company’s stock, valued at $17,017,665. The disclosure for this purchase can be found here. 1.60% of the stock is owned by insiders.
About Cabot Oil & Gas
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.
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