Cabot Oil & Gas Corporation (COG) Receives Hold Rating from Williams Capital

Cabot Oil & Gas Corporation (NYSE:COG)‘s stock had its “hold” rating reiterated by stock analysts at Williams Capital in a research note issued on Monday. They presently have a $28.00 price target on the oil and gas exploration company’s stock. Williams Capital’s target price indicates a potential upside of 8.91% from the company’s current price.

Other research analysts also recently issued reports about the company. Barclays PLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Cabot Oil & Gas Corporation in a report on Wednesday, August 2nd. BidaskClub raised Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Scotiabank set a $28.00 price target on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. Bank of America Corporation raised Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $28.00 to $32.00 in a report on Friday, June 30th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price target on shares of Cabot Oil & Gas Corporation in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. Cabot Oil & Gas Corporation has a consensus rating of “Hold” and a consensus target price of $28.94.

Shares of Cabot Oil & Gas Corporation (COG) traded down 1.536% during midday trading on Monday, hitting $25.315. The stock had a trading volume of 3,039,763 shares. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $27.14. The stock’s 50-day moving average is $26.06 and its 200-day moving average is $24.49. The stock’s market cap is $11.71 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $460.50 million for the quarter, compared to the consensus estimate of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The company’s revenue for the quarter was up 86.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. Equities analysts anticipate that Cabot Oil & Gas Corporation will post $0.60 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Cabot Oil & Gas Corporation (COG) Receives Hold Rating from Williams Capital” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/09/cabot-oil-gas-corporation-cog-receives-hold-rating-from-williams-capital.html.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the sale, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Centre Asset Management LLC grew its position in shares of Cabot Oil & Gas Corporation by 1.7% during the third quarter. Centre Asset Management LLC now owns 347,500 shares of the oil and gas exploration company’s stock worth $9,296,000 after purchasing an additional 5,930 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Cabot Oil & Gas Corporation during the second quarter worth about $18,048,000. United Bank VA grew its position in shares of Cabot Oil & Gas Corporation by 29.7% during the second quarter. United Bank VA now owns 68,739 shares of the oil and gas exploration company’s stock worth $1,724,000 after purchasing an additional 15,742 shares in the last quarter. Sentry Investment Management LLC grew its position in shares of Cabot Oil & Gas Corporation by 361.8% during the second quarter. Sentry Investment Management LLC now owns 165,530 shares of the oil and gas exploration company’s stock worth $4,151,000 after purchasing an additional 129,685 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Cabot Oil & Gas Corporation by 23.2% during the second quarter. Toronto Dominion Bank now owns 157,819 shares of the oil and gas exploration

Other research analysts also recently issued reports about the company. Barclays PLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Cabot Oil & Gas Corporation in a report on Wednesday, August 2nd. BidaskClub raised Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Scotiabank set a $28.00 price target on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a report on Saturday, July 1st. Bank of America Corporation raised Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $28.00 to $32.00 in a report on Friday, June 30th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price target on shares of Cabot Oil & Gas Corporation in a report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. Cabot Oil & Gas Corporation has a consensus rating of “Hold” and a consensus target price of $28.94.

Shares of Cabot Oil & Gas Corporation (COG) traded down 1.536% during midday trading on Monday, hitting $25.315. The stock had a trading volume of 3,039,763 shares. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $27.14. The stock’s 50-day moving average is $26.06 and its 200-day moving average is $24.49. The stock’s market cap is $11.71 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $460.50 million for the quarter, compared to the consensus estimate of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The company’s revenue for the quarter was up 86.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. Equities analysts anticipate that Cabot Oil & Gas Corporation will post $0.60 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Cabot Oil & Gas Corporation (COG) Receives Hold Rating from Williams Capital” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/09/cabot-oil-gas-corporation-cog-receives-hold-rating-from-williams-capital.html.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total transaction of $319,283.22. Following the completion of the sale, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Centre Asset Management LLC grew its position in shares of Cabot Oil & Gas Corporation by 1.7% during the third quarter. Centre Asset Management LLC now owns 347,500 shares of the oil and gas exploration company’s stock worth $9,296,000 after purchasing an additional 5,930 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Cabot Oil & Gas Corporation during the second quarter worth about $18,048,000. United Bank VA grew its position in shares of Cabot Oil & Gas Corporation by 29.7% during the second quarter. United Bank VA now owns 68,739 shares of the oil and gas exploration company’s stock worth $1,724,000 after purchasing an additional 15,742 shares in the last quarter. Sentry Investment Management LLC grew its position in shares of Cabot Oil & Gas Corporation by 361.8% during the second quarter. Sentry Investment Management LLC now owns 165,530 shares of the oil and gas exploration company’s stock worth $4,151,000 after purchasing an additional 129,685 shares in the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Cabot Oil & Gas Corporation by 23.2% during the second quarter. Toronto Dominion Bank now owns 157,819 shares of the oil and gas exploration company’s stock worth $3,957,000 after purchasing an additional 29,710 shares in the last quarter. Hedge funds and other institutional investors own 96.33% of the company’s stock.

Cabot Oil & Gas Corporation 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 Corporation (NYSE:COG)

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