Cabot Oil & Gas Corp. (NYSE:COG) shares dropped 2.9% during trading on Thursday . The stock traded as low as $25.03 and last traded at $25.08, with a volume of 2,889,288 shares changing hands. The stock had previously closed at $25.84.

COG has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Cabot Oil & Gas Corp. from $17.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, March 15th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $24.00 price target (up from $23.00) on shares of Cabot Oil & Gas Corp. in a report on Wednesday, March 23rd. Jefferies Group lifted their price target on shares of Cabot Oil & Gas Corp. from $42.00 to $47.00 and gave the company a “buy” rating in a report on Monday, March 28th. Citigroup Inc. lifted their price target on shares of Cabot Oil & Gas Corp. from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, April 7th. Finally, Tudor Pickering lowered shares of Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. Cabot Oil & Gas Corp. has an average rating of “Hold” and an average price target of $26.64.

The company’s market cap is $11.82 billion. The company’s 50-day moving average price is $24.72 and its 200 day moving average price is $21.89.

Cabot Oil & Gas Corp. (NYSE:COG) last issued its quarterly earnings data on Friday, April 29th. The oil and gas exploration company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.01. During the same period in the prior year, the company earned $0.12 EPS. The company had revenue of $281.90 million for the quarter, compared to the consensus estimate of $273.48 million. The firm’s revenue was down 39.4% compared to the same quarter last year. On average, analysts anticipate that Cabot Oil & Gas Corp. will post ($0.26) EPS for the current fiscal year.

In other news, General Counsel George Kevin Cunningham sold 6,178 shares of the firm’s stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $25.32, for a total value of $156,426.96. Following the transaction, the general counsel now owns 38,990 shares of the company’s stock, valued at approximately $987,226.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert S. Boswell bought 5,000 shares of Cabot Oil & Gas Corp. stock in a transaction dated Thursday, May 5th. The stock was acquired at an average cost of $24.35 per share, for a total transaction of $121,750.00. Following the purchase, the director now directly owns 15,360 shares in the company, valued at approximately $374,016. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors have modified their holdings of COG. Amica Mutual Insurance Co. acquired a new position in shares of Cabot Oil & Gas Corp. during the fourth quarter valued at about $1,400,000. Aberdeen Asset Management PLC UK raised its position in shares of Cabot Oil & Gas Corp. by 17.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 74,235 shares of the oil and gas exploration company’s stock valued at $1,640,000 after buying an additional 10,831 shares during the period. GAM Holding AG raised its position in shares of Cabot Oil & Gas Corp. by 6.9% in the fourth quarter. GAM Holding AG now owns 100,378 shares of the oil and gas exploration company’s stock valued at $1,776,000 after buying an additional 6,500 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Cabot Oil & Gas Corp. by 0.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 119,224 shares of the oil and gas exploration company’s stock valued at $2,109,000 after buying an additional 980 shares during the period. Finally, Andra AP fonden raised its position in shares of Cabot Oil & Gas Corp. by 79.9% in the fourth quarter. Andra AP fonden now owns 129,700 shares of the oil and gas exploration company’s stock valued at $2,294,000 after buying an additional 57,600 shares during the period.

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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