Cabot Oil & Gas (COG) Earns News Impact Score of 0.16
News coverage about Cabot Oil & Gas (NYSE:COG) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cabot Oil & Gas earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news articles about the oil and gas exploration company an impact score of 48.3570332092365 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Cabot Oil & Gas Shows Improved Relative Price Performance; Still Shy Of Benchmark (finance.yahoo.com)
- What’s in the Cards for Schlumberger (SLB) in Q4 Earnings? – Nasdaq (nasdaq.com)
- Williams Companies' Constitution Pipeline Hits a Roadblock (finance.yahoo.com)
- Stock Watch Evaluation: Cabot Oil & Gas Corporation (NYSE: COG) – Alpha Beta Stock (alphabetastock.com)
- Short Term Technical Analysis: Regions Financial Corporation (RF), Cabot Oil & Gas Corporation (COG) – Market Movers (financialqz.com)
Several equities research analysts have commented on COG shares. Williams Capital set a $30.00 price target on shares of Cabot Oil & Gas and gave the stock a “hold” rating in a research report on Thursday, December 21st. Credit Suisse Group began coverage on shares of Cabot Oil & Gas in a research note on Monday, December 11th. They set a “neutral” rating and a $30.00 price objective on the stock. Piper Jaffray Companies set a $37.00 price objective on shares of Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research upgraded shares of Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Drexel Hamilton boosted their price objective on shares of Cabot Oil & Gas from $27.82 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. Cabot Oil & Gas currently has an average rating of “Hold” and an average target price of $30.95.
Shares of Cabot Oil & Gas (COG) traded down $0.85 on Tuesday, reaching $28.03. 4,339,647 shares of the company were exchanged, compared to its average volume of 5,064,670. Cabot Oil & Gas has a twelve month low of $20.55 and a twelve month high of $29.57. The firm has a market cap of $12,960.00, a price-to-earnings ratio of -87.59, a P/E/G ratio of 0.93 and a beta of 0.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64.
Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a negative net margin of 8.80% and a positive return on equity of 6.63%. The company had revenue of $385.40 million during the quarter, compared to analyst estimates of $400.85 million. During the same quarter last year, the company posted ($0.04) EPS. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. analysts anticipate that Cabot Oil & Gas will post 0.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.86%. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.05. Cabot Oil & Gas’s dividend payout ratio is -62.50%.
In related news, Director Robert Kelley purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were acquired at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the purchase, the director now owns 619,500 shares in the company, valued at $17,017,665. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Dan O. Dinges sold 66,610 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the completion of the transaction, the chairman now owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
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About Cabot Oil & Gas
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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