Cabot Oil & Gas Co. (COG) Rating Reiterated by BMO Capital Markets

Cabot Oil & Gas Co. (NYSE:COG)‘s stock had its “buy” rating reaffirmed by BMO Capital Markets in a research note issued on Friday. They presently have a $30.00 target price on the oil and gas exploration company’s stock. BMO Capital Markets’ target price points to a potential upside of 11.65% from the company’s previous close.

A number of other research firms have also weighed in on COG. TheStreet lowered shares of Cabot Oil & Gas Co. from a “c” rating to a “d+” rating in a research note on Thursday, August 24th. Williams Capital set a $30.00 target price on shares of Cabot Oil & Gas Co. and gave the stock a “hold” rating in a research note on Friday, July 28th. Scotiabank set a $30.00 target price on shares of Cabot Oil & Gas Co. and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. William Blair lowered shares of Cabot Oil & Gas Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, ValuEngine lowered shares of Cabot Oil & Gas Co. from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.67.

Shares of Cabot Oil & Gas Co. (NYSE:COG) opened at 26.87 on Friday. The company’s market capitalization is $12.43 billion. Cabot Oil & Gas Co. has a 12-month low of $20.02 and a 12-month high of $26.95. The stock has a 50 day moving average of $24.92 and a 200-day moving average of $23.84.

Cabot Oil & Gas Co. (NYSE:COG) last released its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. Cabot Oil & Gas Co. had a return on equity of 3.23% and a net margin of 4.68%. The firm had revenue of $460.50 million for the quarter, compared to analysts’ expectations of $454.76 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The firm’s quarterly revenue was up 86.6% on a year-over-year basis. Analysts predict that Cabot Oil & Gas Co. will post $0.62 earnings per share for the current fiscal year.

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Several large investors have recently modified their holdings of COG. Lord Abbett & CO. LLC bought a new stake in shares of Cabot Oil & Gas Co. during the second quarter valued at $18,048,000. United Bank VA increased its stake in shares of Cabot Oil & Gas Co. by 29.7% in the second quarter. United Bank VA now owns 68,739 shares of the oil and gas exploration company’s stock valued at $1,724,000 after buying an additional 15,742 shares in the last quarter. Sentry Investment Management LLC increased its stake in shares of Cabot Oil & Gas Co. by 361.8% in the second quarter. Sentry Investment Management LLC now owns 165,530 shares of the oil and gas exploration company’s stock valued at $4,151,000 after buying an additional 129,685 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Cabot Oil & Gas Co. by 23.2% in the second quarter. Toronto Dominion Bank now owns 157,819 shares of the oil and gas exploration company’s stock valued at $3,957,000 after buying an additional 29,710 shares in the last quarter. Finally, Kingfisher Capital LLC increased its stake in shares of Cabot Oil & Gas Co. by 1.5% in the second quarter. Kingfisher Capital LLC now owns 48,184 shares of the oil and gas exploration company’s stock valued at $1,208,000 after buying an additional 728 shares in the last quarter. 96.34% of the stock is owned by hedge funds and other institutional investors.

Cabot Oil & Gas Co. 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 Co. (NYSE:COG)




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