Northland Securities began coverage on shares of Cabot Oil & Gas (NYSE:COG) in a report released on Monday morning, Benzinga reports. The firm issued a market perform rating and a $18.00 target price on the oil and gas exploration company’s stock.

Several other equities research analysts have also weighed in on COG. TheStreet lowered Cabot Oil & Gas from a b- rating to a c+ rating in a research report on Monday, July 27th. Stifel Nicolaus lowered Cabot Oil & Gas from a hold rating to a sell rating and lifted their price target for the company from $13.00 to $16.00 in a research report on Monday, June 1st. Credit Suisse Group began coverage on Cabot Oil & Gas in a research note on Tuesday, August 4th. They set a hold rating and a $21.00 price objective for the company. Raymond James lowered their price objective on Cabot Oil & Gas from $25.00 to $23.00 and set an outperform rating for the company in a research note on Monday, July 20th. Finally, Wells Fargo & Company lifted their price objective on Cabot Oil & Gas from $22.00 to $23.00 and gave the company an overweight rating in a research note on Thursday, August 13th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $20.61.

Shares of COG stock opened at $19.30 on Monday. The firm has a market cap of $7.69 billion, a P/E ratio of 24.13 and a beta of 0.21. Cabot Oil & Gas has a fifty-two week low of $13.06 and a fifty-two week high of $22.67. The business’s 50 day moving average price is $19.12 and its 200-day moving average price is $18.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.17 and a current ratio of 1.22.

Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Cabot Oil & Gas had a return on equity of 12.85% and a net margin of 19.98%. The company had revenue of $332.35 million for the quarter, compared to analyst estimates of $297.59 million. As a group, equities analysts predict that Cabot Oil & Gas will post 0.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Wednesday, August 12th. Cabot Oil & Gas’s dividend payout ratio is currently 24.69%.

Several hedge funds have recently bought and sold shares of COG. Aristotle Capital Management LLC raised its stake in shares of Cabot Oil & Gas by 30.8% in the first quarter. Aristotle Capital Management LLC now owns 36,646,547 shares of the oil and gas exploration company’s stock worth $629,954,000 after purchasing an additional 8,636,869 shares during the last quarter. FMR LLC increased its position in Cabot Oil & Gas by 42.0% during the second quarter. FMR LLC now owns 19,536,540 shares of the oil and gas exploration company’s stock valued at $335,638,000 after acquiring an additional 5,780,646 shares during the last quarter. Menora Mivtachim Holdings LTD. purchased a new stake in Cabot Oil & Gas during the second quarter valued at $93,416,000. Sound Shore Management Inc CT purchased a new stake in Cabot Oil & Gas during the second quarter valued at $74,070,000. Finally, Wellington Management Group LLP increased its position in Cabot Oil & Gas by 64.6% during the first quarter. Wellington Management Group LLP now owns 9,133,833 shares of the oil and gas exploration company’s stock valued at $157,010,000 after acquiring an additional 3,585,059 shares during the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

About Cabot Oil & Gas

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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

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