Press coverage about Cabot Oil & Gas (NYSE:COG) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cabot Oil & Gas earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the oil and gas exploration company an impact score of 48.4207730851263 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Marcellus Shale Producer Cabot Oil & Gas Boosts Dividend By 20% (oilandgasinvestor.com)
- Houston natural gas producer increases dividend after slashing operating costs (finance.yahoo.com)
- Cabot (COG) Rewards Shareholders With 20% Dividend Hike (zacks.com)
- Cabot Oil & Gas Corporation Announces Dividend Increase of 20 Percent (finance.yahoo.com)
- How to Profit From This Lousy Winter Weather (finance.yahoo.com)
COG has been the topic of a number of research analyst reports. BMO Capital Markets set a $30.00 target price on shares of Cabot Oil & Gas and gave the company a “buy” rating in a research note on Tuesday, October 10th. Scotiabank set a $32.00 target price on shares of Cabot Oil & Gas and gave the company a “buy” rating in a research note on Saturday, October 21st. Cowen set a $30.00 target price on shares of Cabot Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, October 18th. Morgan Stanley set a $33.00 target price on shares of Cabot Oil & Gas and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 target price on shares of Cabot Oil & Gas in a research note on Thursday, September 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. Cabot Oil & Gas presently has a consensus rating of “Hold” and an average target price of $30.95.
Shares of Cabot Oil & Gas (COG) traded down $0.12 during mid-day trading on Thursday, hitting $28.91. 4,540,227 shares of the company were exchanged, compared to its average volume of 4,250,000. The stock has a market cap of $13,370.00, a PE ratio of -90.34, a P/E/G ratio of 1.08 and a beta of 0.53. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49. Cabot Oil & Gas has a 12 month low of $20.55 and a 12 month high of $29.57.
Cabot Oil & Gas (NYSE:COG) last posted its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The firm had revenue of $385.40 million during the quarter, compared to analysts’ expectations of $400.85 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. sell-side analysts anticipate that Cabot Oil & Gas will post 0.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, January 23rd. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 0.83%. Cabot Oil & Gas’s dividend payout ratio is currently -62.50%.
In other Cabot Oil & Gas news, Chairman Dan O. Dinges sold 66,610 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total value of $1,859,751.20. Following the sale, the chairman now directly owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Kelley bought 2,000 shares of the stock in a transaction on Tuesday, October 31st. The stock was purchased at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the completion of the purchase, the director now directly owns 619,500 shares in the company, valued at $17,017,665. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.
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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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