Shares of Cabot Oil & Gas Corp. (NYSE:COG) fell 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. The stock had previously closed at $25.84.

Several brokerages have recently commented on COG. Barclays PLC increased their target price on Cabot Oil & Gas Corp. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, May 2nd. JPMorgan Chase & Co. upgraded Cabot Oil & Gas Corp. from a “neutral” rating to an “overweight” rating and set a $27.00 target price on the stock in a report on Thursday, May 5th. Deutsche Bank AG decreased their target price on Cabot Oil & Gas Corp. from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, June 14th. Morgan Stanley decreased their target price on Cabot Oil & Gas Corp. from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 26th. Finally, Tudor Pickering cut Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. Cabot Oil & Gas Corp. has a consensus rating of “Hold” and a consensus price target of $26.64.

The firm’s 50-day moving average price is $24.79 and its 200-day moving average price is $21.96. The company’s market capitalization is $11.83 billion.

Cabot Oil & Gas Corp. (NYSE:COG) last announced its earnings results on Friday, April 29th. The oil and gas exploration company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.01. The business had revenue of $281.90 million for the quarter, compared to the consensus estimate of $273.48 million. During the same quarter in the previous year, the company earned $0.12 EPS. The firm’s revenue for the quarter was down 39.4% on a year-over-year basis. Analysts predict that Cabot Oil & Gas Corp. will post ($0.25) EPS for the current year.

In related news, General Counsel George Kevin Cunningham sold 8,500 shares of the company’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $24.26, for a total transaction of $206,210.00. Following the sale, the general counsel now owns 45,168 shares in the company, valued at approximately $1,095,775.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert S. Boswell bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were acquired at an average price of $24.35 per share, for a total transaction of $121,750.00. Following the transaction, the director now owns 15,360 shares in the company, valued at $374,016. The disclosure for this purchase can be found here.

A number of hedge funds and institutional investors have recently bought and sold shares of COG. Amica Mutual Insurance Co. purchased a new position in Cabot Oil & Gas Corp. during the fourth quarter worth $1,400,000. Aberdeen Asset Management PLC UK increased its position in 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 worth $1,640,000 after buying an additional 10,831 shares during the period. GAM Holding AG increased its position in 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 worth $1,776,000 after buying an additional 6,500 shares during the period. Gulf International Bank UK Ltd increased its position in 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 worth $2,109,000 after buying an additional 980 shares during the period. Finally, Andra AP fonden increased its position in 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 worth $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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