Stifel Nicolaus reaffirmed their buy rating on shares of Cabot Oil & Gas Corporation (NYSE:COG) in a research note released on Thursday morning. They currently have a $33.00 target price on the oil and gas exploration company’s stock.

Several other research firms have also commented on COG. BMO Capital Markets reiterated a buy rating and issued a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research note on Friday, September 1st. Cowen and Company reiterated a buy rating and issued a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research note on Tuesday. Williams Capital lowered shares of Cabot Oil & Gas Corporation from a buy rating to a hold rating and set a $30.00 price objective for the company. in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of Cabot Oil & Gas Corporation from a hold rating to a sell rating in a research note on Tuesday, July 18th. Finally, William Blair lowered shares of Cabot Oil & Gas Corporation from a buy rating to a hold rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. Cabot Oil & Gas Corporation currently has a consensus rating of Buy and a consensus price target of $29.83.

Shares of Cabot Oil & Gas Corporation (NYSE COG) traded down 0.355% during trading on Thursday, reaching $26.645. The company’s stock had a trading volume of 2,213,196 shares. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $27.14. The stock’s 50 day moving average price is $25.24 and its 200-day moving average price is $24.04. The firm’s market cap is $12.32 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 Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $460.50 million during the quarter, compared to analysts’ expectations of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The company’s quarterly revenue was up 86.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS. Equities analysts predict that Cabot Oil & Gas Corporation will post $0.60 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/15/cabot-oil-gas-corporation-cog-given-buy-rating-at-stifel-nicolaus.html.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. Cabot Oil & Gas Corporation’s payout ratio is currently -54.05%.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of Cabot Oil & Gas Corporation stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total value of $319,283.22. Following the completion of the transaction, the insider now directly owns 635,124 shares in the company, valued at approximately $17,014,971.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in COG. BlackRock Inc. grew its stake in Cabot Oil & Gas Corporation by 3,136.9% in the 1st quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock valued at $788,389,000 after buying an additional 31,954,562 shares in the last quarter. Capital World Investors grew its stake in Cabot Oil & Gas Corporation by 157.8% in the 2nd quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock valued at $679,274,000 after buying an additional 16,579,300 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Cabot Oil & Gas Corporation by 59.5% in the 1st quarter. Neuberger Berman Group LLC now owns 18,569,604 shares of the oil and gas exploration company’s stock valued at $443,999,000 after buying an additional 6,923,702 shares in the last quarter. PointState Capital LP grew its stake in Cabot Oil & Gas Corporation by 60.9% in the 2nd quarter. PointState Capital LP now owns 18,011,889 shares of the oil and gas exploration company’s stock valued at $451,738,000 after buying an additional 6,818,389 shares in the last quarter. Finally, Sanders Capital LLC grew its stake in Cabot Oil & Gas Corporation by 34.7% in the 1st quarter. Sanders Capital LLC now owns 25,830,424 shares of the oil and gas exploration company’s stock valued at $630,336,000 after buying an additional 6,657,156 shares in the last quarter. Institutional investors and hedge funds own 96.35% 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)

Receive News & Ratings for Cabot Oil & Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.