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

Several equities analysts recently weighed in on COG shares. Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $28.00 to $32.00 in a report on Friday, June 30th. BMO Capital Markets reiterated a “buy” rating and issued a $33.00 price target on shares of Cabot Oil & Gas Corporation in a report on Monday, May 15th. Cowen and Company set a $30.00 price target on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. BidaskClub upgraded shares of Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, William Blair downgraded shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. Cabot Oil & Gas Corporation has an average rating of “Buy” and an average price target of $29.67.

The stock has a 50 day moving average price of $24.95 and a 200 day moving average price of $23.87. The company’s market capitalization is $12.47 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $454.76 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. The firm’s revenue was up 86.6% compared to the same quarter last year. On average, analysts anticipate 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. Stockholders of record on Thursday, August 10th were given a $0.05 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. Cabot Oil & Gas Corporation’s dividend payout ratio is currently -54.05%.

Several large investors have recently modified their holdings of COG. First Manhattan Co. purchased a new stake in shares of Cabot Oil & Gas Corporation in the first quarter valued at $100,000. Westwood Holdings Group Inc. purchased a new stake in shares of Cabot Oil & Gas Corporation in the second quarter valued at $100,000. IFP Advisors Inc lifted its position in shares of 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 valued at $115,000 after acquiring an additional 457 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of 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 valued at $126,000 after acquiring an additional 71 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of 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 valued at $163,000 after acquiring an additional 3,100 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

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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.

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