Cabot Oil & Gas Corporation (NYSE:COG) shot up 5.2% on Monday . The company traded as high as $26.95 and last traded at $26.87. 10,050,893 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 5,730,730 shares. The stock had previously closed at $25.55.

A number of brokerages have recently weighed in on COG. Jefferies Group LLC set a $24.00 price objective on Cabot Oil & Gas Corporation and gave the company a “hold” rating in a research note on Monday, August 28th. Scotiabank set a $28.00 price objective on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. TheStreet cut Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a research note on Thursday, August 24th. Barclays PLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Cabot Oil & Gas Corporation in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research raised Cabot Oil & Gas Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $29.67.

The stock has a 50 day moving average price of $24.92 and a 200 day moving average price of $23.84. The firm’s market capitalization is $12.43 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The company had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. During the same quarter in the prior year, the business earned ($0.07) EPS. Cabot Oil & Gas Corporation’s revenue was up 86.6% compared to the same quarter last year. On average, analysts predict that Cabot Oil & Gas Corporation will post $0.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.74%. Cabot Oil & Gas Corporation’s dividend payout ratio is presently -54.05%.

Institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its position in Cabot Oil & Gas Corporation by 1.4% in the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock worth $126,000 after buying an additional 71 shares during the last quarter. Cadence Capital Management LLC grew its position in Cabot Oil & Gas Corporation by 0.7% in the second quarter. Cadence Capital Management LLC now owns 17,285 shares of the oil and gas exploration company’s stock worth $434,000 after buying an additional 127 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Cabot Oil & Gas Corporation by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,646 shares of the oil and gas exploration company’s stock worth $231,000 after buying an additional 180 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Cabot Oil & Gas Corporation by 1.8% in the second quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock worth $446,000 after buying an additional 310 shares during the last quarter. Finally, Cleararc Capital Inc. grew its position in Cabot Oil & Gas Corporation by 2.9% in the first quarter. Cleararc Capital Inc. now owns 11,639 shares of the oil and gas exploration company’s stock worth $278,000 after buying an additional 331 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

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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.

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