Cabot Oil & Gas Corporation (NYSE:COG) has received an average rating of “Buy” from the twenty-six research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $29.61.

COG has been the subject of several research reports. Scotiabank set a $29.00 target price on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Saturday, April 22nd. ValuEngine cut Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub raised Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. BMO Capital Markets lowered their target price on Cabot Oil & Gas Corporation from $29.00 to $28.00 and set a “market perform” rating for the company in a research note on Friday. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $24.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Tuesday, April 18th.

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Shares of Cabot Oil & Gas Corporation (NYSE COG) traded up 0.39% during midday trading on Monday, hitting $25.45. The stock had a trading volume of 2,773,642 shares. The firm’s market capitalization is $11.85 billion. Cabot Oil & Gas Corporation has a one year low of $20.02 and a one year high of $26.74. The firm’s 50-day moving average price is $23.13 and its 200-day moving average price is $23.09.

Cabot Oil & Gas Corporation (NYSE:COG) last released its earnings results on Friday, April 28th. The oil and gas exploration company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The company had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $464.45 million. Cabot Oil & Gas Corporation had a positive return on equity of 1.05% and a negative net margin of 18.70%. The business’s revenue for the quarter was up 83.7% on a year-over-year basis. During the same period last year, the firm earned ($0.13) EPS. On average, equities analysts predict that Cabot Oil & Gas Corporation will post $0.66 EPS for the current year.

In other news, insider Todd M. Roemer sold 3,737 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $24.12, for a total value of $90,136.44. Following the sale, the insider now directly owns 62,453 shares in the company, valued at $1,506,366.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of Cabot Oil & Gas Corporation by 13.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,658 shares of the oil and gas exploration company’s stock worth $459,000 after buying an additional 2,404 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Cabot Oil & Gas Corporation by 5.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,070 shares of the oil and gas exploration company’s stock worth $375,000 after buying an additional 780 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of Cabot Oil & Gas Corporation during the fourth quarter worth approximately $788,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Cabot Oil & Gas Corporation during the fourth quarter worth approximately $352,000. Finally, Macquarie Group Ltd. raised its stake in shares of Cabot Oil & Gas Corporation by 186.5% in the fourth quarter. Macquarie Group Ltd. now owns 10,600 shares of the oil and gas exploration company’s stock worth $248,000 after buying an additional 6,900 shares during the period. Institutional investors own 96.05% of the company’s stock.

About Cabot Oil & Gas Corporation

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.

Analyst Recommendations for Cabot Oil & Gas Corporation (NYSE:COG)

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