Cabot Oil & Gas Corp. (NYSE:COG) shares traded down 1.2% during trading on Wednesday . The stock traded as low as $24.20 and last traded at $24.65, with a volume of 2,635,577 shares. The stock had previously closed at $24.94.

Several research analysts have commented on the company. Barclays PLC raised their price objective 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. Morgan Stanley reduced their price objective 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. Tudor Pickering downgraded Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Deutsche Bank AG restated a “hold” rating and set a $24.00 price objective (up from $23.00) on shares of Cabot Oil & Gas Corp. in a report on Wednesday, March 23rd. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Cabot Oil & Gas Corp. in a report on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.64.

The firm has a 50-day moving average price of $25.14 and a 200-day moving average price of $22.38. The firm’s market capitalization is $11.39 billion.

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) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.01. During the same period last year, the business earned $0.12 earnings per share. The business had revenue of $281.90 million for the quarter, compared to analysts’ expectations of $273.48 million. The company’s revenue for the quarter was down 39.4% on a year-over-year basis. Equities analysts forecast that Cabot Oil & Gas Corp. will post ($0.21) earnings per share for the current fiscal year.

In other Cabot Oil & Gas Corp. news, General Counsel George Kevin Cunningham sold 8,500 shares of Cabot Oil & Gas Corp. stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $24.26, for a total value of $206,210.00. Following the completion of the sale, the general counsel now directly owns 45,168 shares of the company’s stock, valued at approximately $1,095,775.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Boswell bought 5,000 shares of the stock in a transaction on Thursday, May 5th. The stock was purchased at an average cost of $24.35 per share, with a total value of $121,750.00. Following the completion of 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.

A number of hedge funds have recently added to or reduced their stakes in COG. Andra AP fonden boosted its stake 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 valued at $2,294,000 after buying an additional 57,600 shares during the last quarter. Schroder Investment Management Group boosted its stake in Cabot Oil & Gas Corp. by 3.8% in the fourth quarter. Schroder Investment Management Group now owns 2,175,000 shares of the oil and gas exploration company’s stock valued at $38,477,000 after buying an additional 79,153 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake 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 valued at $1,640,000 after buying an additional 10,831 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Cabot Oil & Gas Corp. by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 606,571 shares of the oil and gas exploration company’s stock valued at $10,731,000 after buying an additional 19,463 shares during the last quarter. Finally, Amica Mutual Insurance Co. purchased a new stake in Cabot Oil & Gas Corp. during the fourth quarter valued at approximately $1,400,000.

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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