Cabot Oil & Gas (NYSE:COG) was downgraded by equities research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $29.00 price target on the oil and gas exploration company’s stock. Goldman Sachs Group’s price objective would indicate a potential upside of 12.49% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Tudor Pickering cut shares of Cabot Oil & Gas from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Zacks Investment Research reaffirmed a “buy” rating and issued a $27.00 target price on shares of Cabot Oil & Gas in a report on Monday, November 12th. TheStreet raised shares of Cabot Oil & Gas from a “c” rating to a “b-” rating in a report on Friday, October 26th. Morgan Stanley lifted their target price on shares of Cabot Oil & Gas from $23.00 to $24.00 and gave the company a “hold” rating in a report on Monday, October 29th. Finally, Williams Capital set a $26.00 target price on shares of Cabot Oil & Gas and gave the company a “hold” rating in a report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. Cabot Oil & Gas currently has a consensus rating of “Hold” and a consensus price target of $28.67.

Shares of Cabot Oil & Gas stock opened at $25.78 on Tuesday. The firm has a market capitalization of $10.90 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 0.82 and a beta of 0.27. Cabot Oil & Gas has a 12 month low of $20.94 and a 12 month high of $29.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.66 and a current ratio of 1.69.

Cabot Oil & Gas (NYSE:COG) last announced its earnings results on Friday, October 26th. The oil and gas exploration company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $545.10 million during the quarter, compared to analyst estimates of $482.74 million. Cabot Oil & Gas had a net margin of 12.69% and a return on equity of 14.87%. The business’s revenue was up 41.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 earnings per share. As a group, equities research analysts expect that Cabot Oil & Gas will post 1.03 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC purchased a new position in Cabot Oil & Gas in the 2nd quarter valued at $123,000. Cerebellum GP LLC grew its position in Cabot Oil & Gas by 198.9% in the 3rd quarter. Cerebellum GP LLC now owns 7,671 shares of the oil and gas exploration company’s stock valued at $173,000 after buying an additional 5,105 shares during the last quarter. Avestar Capital LLC boosted its position in shares of Cabot Oil & Gas by 40.6% during the 3rd quarter. Avestar Capital LLC now owns 10,124 shares of the oil and gas exploration company’s stock worth $209,000 after purchasing an additional 2,924 shares in the last quarter. Parkwood LLC purchased a new stake in shares of Cabot Oil & Gas during the 2nd quarter worth $212,000. Finally, BB&T Securities LLC purchased a new stake in shares of Cabot Oil & Gas during the 2nd quarter worth $215,000. Hedge funds and other institutional investors own 94.60% of the company’s stock.

About Cabot Oil & Gas

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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Analyst Recommendations for Cabot Oil & Gas (NYSE:COG)

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