Barclays PLC reaffirmed their buy rating on shares of Cabot Oil & Gas Corporation (NYSE:COG) in a report released on Wednesday morning. The firm currently has a $28.00 price objective on the oil and gas exploration company’s stock.

Several other research analysts have also commented on the company. BMO Capital Markets reaffirmed a buy rating and set a $33.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Monday, May 15th. Bank of America Corporation raised Cabot Oil & Gas Corporation from a neutral rating to a buy rating and lifted their price target for the stock from $28.00 to $32.00 in a research report on Friday, June 30th. Macquarie raised Cabot Oil & Gas Corporation from a neutral rating to an outperform rating and set a $26.00 target price on the stock in a report on Tuesday, June 6th. Williams Capital reissued a buy rating and issued a $32.00 target price on shares of Cabot Oil & Gas Corporation in a report on Friday, April 28th. Finally, Jefferies Group LLC set a $23.00 target price on Cabot Oil & Gas Corporation and gave the company a hold rating in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the stock. Cabot Oil & Gas Corporation has a consensus rating of Buy and an average price target of $29.71.

Cabot Oil & Gas Corporation (NYSE:COG) traded up 0.57% during midday trading on Wednesday, reaching $24.71. The company’s stock had a trading volume of 3,769,389 shares. The stock’s market cap is $11.43 billion. Cabot Oil & Gas Corporation has a 12-month low of $20.02 and a 12-month high of $26.74. The stock’s 50 day moving average is $24.44 and its 200 day moving average is $23.50.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by $0.01. The firm had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The company’s quarterly revenue was up 86.6% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. Analysts anticipate that Cabot Oil & Gas Corporation will post $0.63 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.81%. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is presently -54.05%.

A number of hedge funds have recently bought and sold shares of the company. First Manhattan Co. purchased a new stake in Cabot Oil & Gas Corporation during the first quarter worth approximately $100,000. IFP Advisors Inc increased its stake in Cabot Oil & Gas Corporation by 11.1% in the second quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock worth $115,000 after buying an additional 457 shares during the last quarter. Financial Architects Inc increased its stake in Cabot Oil & Gas Corporation by 24.4% in the first quarter. Financial Architects Inc now owns 5,100 shares of the oil and gas exploration company’s stock worth $122,000 after buying an additional 1,000 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Cabot Oil & Gas Corporation by 83.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock worth $163,000 after buying an additional 3,100 shares during the last quarter. Finally, Crestwood Advisors Group LLC purchased a new stake in Cabot Oil & Gas Corporation during the first quarter worth approximately $167,000. Institutional investors own 96.05% of the company’s stock.

Cabot Oil & Gas Corporation Company Profile

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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