Cabot Oil & Gas Corp. (NYSE:COG) was down 1.2% 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.

COG has been the subject of several analyst reports. Deutsche Bank AG cut their price target on shares of Cabot Oil & Gas Corp. from $24.00 to $23.00 and set a “hold” rating for the company in a report on Tuesday, June 14th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Cabot Oil & Gas Corp. in a report on Tuesday, May 3rd. Citigroup Inc. increased their price target on shares of Cabot Oil & Gas Corp. from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, April 7th. Jefferies Group increased their price target on shares of Cabot Oil & Gas Corp. from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Monday, March 28th. Finally, Sanford C. Bernstein reissued 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 assigned a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $26.64.

The firm’s market cap is $11.29 billion. The company’s 50-day moving average price is $25.13 and its 200 day moving average price is $22.39.

Cabot Oil & Gas Corp. (NYSE:COG) last released its earnings results 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. The business earned $281.90 million during the quarter, compared to the consensus estimate of $273.48 million. The firm’s revenue for the quarter was down 39.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, analysts forecast that Cabot Oil & Gas Corp. will post ($0.20) earnings per share for the current year.

In other news, Director Robert S. Boswell purchased 5,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel George Kevin Cunningham sold 6,178 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $25.32, for a total transaction of $156,426.96. Following the sale, the general counsel now owns 38,990 shares in the company, valued at approximately $987,226.80. The disclosure for this sale can be found here.

Other large investors have recently added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK raised 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 worth $1,640,000 after buying an additional 10,831 shares in the last quarter. Amica Mutual Insurance Co. purchased a new stake in Cabot Oil & Gas Corp. during the fourth quarter worth about $1,400,000. GAM Holding AG raised its stake 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 in the last quarter. Gulf International Bank UK Ltd raised its stake 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 in the last quarter. Finally, Andra AP fonden raised 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 worth $2,294,000 after buying an additional 57,600 shares in the last quarter.

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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