Cabot Oil & Gas Corp. (NYSE:COG) shares fell 1.6% during trading on Thursday . The company traded as low as $25.21 and last traded at $25.28, with a volume of 992,824 shares trading hands. The stock had previously closed at $25.70.

A number of brokerages have commented on COG. Barclays PLC increased their price objective on Cabot Oil & Gas Corp. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research 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 price objective on the stock in a research report on Thursday, May 5th. Deutsche Bank AG reduced their price target on Cabot Oil & Gas Corp. from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Tuesday, June 14th. Morgan Stanley reduced their price target on Cabot Oil & Gas Corp. from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 26th. Finally, Tudor Pickering lowered Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a research report on Friday, April 15th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.64.

The firm’s market cap is $11.65 billion. The firm has a 50-day moving average price of $25.08 and a 200 day moving average price of $22.22.

Cabot Oil & Gas Corp. (NYSE:COG) last issued its quarterly earnings results on Friday, April 29th. The oil and gas exploration company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.01. During the same period last year, the company posted $0.12 EPS. The firm had revenue of $281.90 million for the quarter, compared to the consensus estimate of $273.48 million. The business’s revenue was down 39.4% compared to the same quarter last year. On average, analysts forecast that Cabot Oil & Gas Corp. will post ($0.23) EPS for the current year.

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

Several institutional investors recently added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK boosted 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. Amica Mutual Insurance Co. bought a new position in Cabot Oil & Gas Corp. during the fourth quarter worth about $1,400,000. GAM Holding AG boosted 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 boosted 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 boosted 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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