Cabot Oil & Gas (NYSE:COG)‘s stock had its “hold” rating restated by equities research analysts at Williams Capital in a note issued to investors on Friday. They presently have a $28.00 price objective on the oil and gas exploration company’s stock. Williams Capital’s price target suggests a potential upside of 18.54% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Seaport Global Securities reiterated a “buy” rating on shares of Cabot Oil & Gas in a research report on Tuesday. Zacks Investment Research upgraded shares of Cabot Oil & Gas from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reduced their target price on shares of Cabot Oil & Gas from $33.00 to $31.00 and set an “overweight” rating for the company in a research report on Friday, April 20th. Citigroup lowered shares of Cabot Oil & Gas from a “buy” rating to a “neutral” rating and upped their price objective for the company from $23.96 to $25.00 in a report on Tuesday, April 17th. Finally, Jefferies Group reissued a “hold” rating and issued a $25.00 price objective on shares of Cabot Oil & Gas in a report on Monday, March 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. Cabot Oil & Gas has a consensus rating of “Buy” and an average target price of $30.85.

Shares of NYSE COG opened at $23.62 on Friday. The stock has a market capitalization of $10,814.65, a PE ratio of 49.21, a price-to-earnings-growth ratio of 0.78 and a beta of 0.40. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.48. Cabot Oil & Gas has a 52 week low of $21.40 and a 52 week high of $29.57.

Cabot Oil & Gas (NYSE:COG) last issued its earnings results on Friday, April 27th. The oil and gas exploration company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $473.20 million during the quarter, compared to analysts’ expectations of $471.25 million. Cabot Oil & Gas had a net margin of 5.69% and a return on equity of 8.60%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. equities research analysts predict that Cabot Oil & Gas will post 1.01 EPS for the current fiscal year.

Cabot Oil & Gas declared that its Board of Directors has authorized a stock buyback program on Friday, February 23rd that authorizes the company to buyback 30,000,000 shares. This buyback authorization authorizes the oil and gas exploration company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

A number of hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB boosted its stake in Cabot Oil & Gas by 8.8% during the fourth quarter. Xact Kapitalforvaltning AB now owns 45,846 shares of the oil and gas exploration company’s stock worth $1,311,000 after buying an additional 3,721 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Cabot Oil & Gas by 7.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 174,570 shares of the oil and gas exploration company’s stock worth $4,993,000 after buying an additional 12,498 shares during the period. Ashburton Jersey Ltd purchased a new position in Cabot Oil & Gas during the fourth quarter worth about $944,000. SevenBridge Financial Group LLC boosted its stake in Cabot Oil & Gas by 331.9% during the fourth quarter. SevenBridge Financial Group LLC now owns 43,082 shares of the oil and gas exploration company’s stock worth $1,232,000 after buying an additional 33,107 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new position in Cabot Oil & Gas during the fourth quarter worth about $4,093,000. 98.52% of the stock is owned by institutional investors.

Cabot Oil & Gas Company Profile

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.

Analyst Recommendations for Cabot Oil & Gas (NYSE:COG)

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