Cabot Oil & Gas Corp. (NYSE:COG) saw strong trading volume on Friday . 5,249,713 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 4,431,259 shares.The stock last traded at $24.45 and had previously closed at $24.21.

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Cabot Oil & Gas Corp. in a report on Tuesday, May 3rd. Barclays PLC lifted their target price on shares of Cabot Oil & Gas Corp. from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Monday, May 2nd. Morgan Stanley lowered their target price on shares of 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. Citigroup Inc. lifted their target price 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, Deutsche Bank AG lowered their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $26.64.

The company has a 50-day moving average of $25.12 and a 200 day moving average of $22.44. The company’s market capitalization is $11.34 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) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.01. During the same quarter in the prior year, the company earned $0.12 EPS. The company earned $281.90 million during the quarter, compared to the consensus estimate of $273.48 million. The business’s quarterly revenue was down 39.4% on a year-over-year basis. On average, equities research analysts expect that Cabot Oil & Gas Corp. will post ($0.18) EPS for the current fiscal year.

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

Other institutional investors have bought and sold shares of the company. Amica Mutual Insurance Co. acquired a new position in Cabot Oil & Gas Corp. during the fourth quarter valued at $1,400,000. Aberdeen Asset Management PLC UK raised 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 valued at $1,640,000 after buying an additional 10,831 shares during the period. GAM Holding AG raised 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 valued at $1,776,000 after buying an additional 6,500 shares during the period. Gulf International Bank UK Ltd raised 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 valued at $2,109,000 after buying an additional 980 shares during the period. Finally, Andra AP fonden raised 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 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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