Shares of Cabot Oil & Gas Corp. (NYSE:COG) rose 4% during trading on Thursday . The stock traded as high as $26.00 and last traded at $26.00, with a volume of 2,558,705 shares trading hands. The stock had previously closed at $25.01.

COG has been the topic of several recent research reports. Morgan Stanley dropped their price objective 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. Barclays PLC boosted 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 research note on Monday, May 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cabot Oil & Gas Corp. in a research note on Tuesday, May 3rd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Cabot Oil & Gas Corp. in a research note on Monday, May 16th. Finally, Deutsche Bank AG decreased their target price on shares of Cabot Oil & Gas Corp. from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Tuesday, June 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $27.00.

The company’s market capitalization is $12.08 billion. The firm has a 50-day moving average of $24.84 and a 200 day moving average of $23.38.

Cabot Oil & Gas Corp. (NYSE:COG) last issued its earnings results on Friday, July 29th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. The company had revenue of $246.80 million for the quarter, compared to analysts’ expectations of $270.13 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Cabot Oil & Gas Corp.’s revenue for the quarter was down 19.4% on a year-over-year basis. On average, equities research analysts forecast that Cabot Oil & Gas Corp. will post ($0.15) EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th will be given a dividend of $0.02 per share. The ex-dividend date is Monday, August 8th. This represents a $0.08 annualized dividend and a dividend yield of 0.31%.

In other Cabot Oil & Gas Corp. news, General Counsel George Kevin Cunningham sold 6,178 shares of the business’s stock in a transaction 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 directly owns 38,990 shares in the company, valued at approximately $987,226.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Bridgewater Associates LP increased its position in Cabot Oil & Gas Corp. by 6.7% in the fourth quarter. Bridgewater Associates LP now owns 125,400 shares of the oil and gas exploration company’s stock valued at $2,218,000 after buying an additional 7,900 shares during the period. Schwab Charles Investment Management Inc. increased its position in Cabot Oil & Gas Corp. by 6.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,224,700 shares of the oil and gas exploration company’s stock valued at $21,665,000 after buying an additional 72,914 shares during the period. Schroder Investment Management Group increased its position 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 period. BlackRock Advisors LLC increased its position in Cabot Oil & Gas Corp. by 8.3% in the fourth quarter. BlackRock Advisors LLC now owns 1,741,684 shares of the oil and gas exploration company’s stock valued at $30,810,000 after buying an additional 132,914 shares during the period. 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 valued at $5,191,000 after buying an additional 155,158 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.