Shares of Cabot Oil & Gas Corp. (NYSE:COG) dropped 3.2% on Tuesday . The stock traded as low as $24.14 and last traded at $24.19, with a volume of 5,836,915 shares traded. The stock had previously closed at $25.00.

COG has been the subject of several research analyst reports. Tudor Pickering downgraded Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a research report on Friday, April 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Cabot Oil & Gas Corp. in a research report on Monday, May 16th. Zacks Investment Research upgraded Cabot Oil & Gas Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Monday. Deutsche Bank AG decreased their target price on Cabot Oil & Gas Corp. from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Tuesday, June 14th. Finally, Capital One Financial Corp. upgraded Cabot Oil & Gas Corp. from an “equal weight” rating to an “overweight” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $26.41.

The company has a 50 day moving average price of $24.86 and a 200-day moving average price of $23.12. The stock’s market capitalization is $11.25 billion.

Cabot Oil & Gas Corp. (NYSE:COG) last posted its earnings results on Friday, July 29th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. During the same period in the previous year, the company posted $0.03 EPS. The firm had revenue of $246.80 million for the quarter, compared to analyst estimates of $270.13 million. Cabot Oil & Gas Corp.’s revenue was down 19.4% on a year-over-year basis. On average, analysts expect that Cabot Oil & Gas Corp. will post ($0.16) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Monday, August 8th.

In other Cabot Oil & Gas Corp. news, General Counsel George Kevin Cunningham sold 6,178 shares of the stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $25.32, for a total value of $156,426.96. Following the sale, the general counsel now owns 38,990 shares of the company’s stock, valued at approximately $987,226.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Other large investors recently bought and sold shares of 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. 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 last quarter. 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 last quarter. US Bancorp DE increased its position in Cabot Oil & Gas Corp. by 17.4% in the fourth quarter. US Bancorp DE now owns 210,028 shares of the oil and gas exploration company’s stock worth $3,715,000 after buying an additional 31,172 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Cabot Oil & Gas Corp. by 112.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 293,464 shares of the oil and gas exploration company’s stock worth $5,191,000 after buying an additional 155,158 shares during 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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