Cabot Oil & Gas Co. (NYSE:COG) announced a quarterly dividend on Friday, January 3rd, RTT News reports. Investors of record on Friday, January 24th will be given a dividend of 0.10 per share by the oil and gas exploration company on Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, January 23rd.
Cabot Oil & Gas has raised its dividend payment by an average of 71.0% per year over the last three years and has raised its dividend every year for the last 2 years. Cabot Oil & Gas has a dividend payout ratio of 23.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cabot Oil & Gas to earn $1.17 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 34.2%.
NYSE COG opened at $15.52 on Wednesday. The stock has a fifty day moving average of $16.89 and a 200-day moving average of $18.08. The stock has a market capitalization of $6.86 billion, a P/E ratio of 8.13 and a beta of 0.49. Cabot Oil & Gas has a 52 week low of $15.51 and a 52 week high of $27.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.37 and a current ratio of 1.43.
Cabot Oil & Gas (NYSE:COG) last released its earnings results on Thursday, October 24th. The oil and gas exploration company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The company had revenue of $429.11 million during the quarter, compared to analysts’ expectations of $453.73 million. Cabot Oil & Gas had a return on equity of 34.92% and a net margin of 34.86%. The business’s revenue for the quarter was down 21.3% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. Equities research analysts forecast that Cabot Oil & Gas will post 1.63 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the company. ValuEngine raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Citigroup assumed coverage on Cabot Oil & Gas in a research note on Tuesday, November 26th. They set a “buy” rating and a $22.00 price objective for the company. TD Securities cut Cabot Oil & Gas from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $23.00 to $18.00 in a research note on Wednesday, January 8th. Wells Fargo & Co decreased their price objective on Cabot Oil & Gas from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Finally, Susquehanna Bancshares cut Cabot Oil & Gas from a “positive” rating to a “neutral” rating and set a $21.00 price objective for the company. in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.60.
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 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.
Recommended Story: Compound Annual Growth Rate (CAGR)
Receive News & Ratings for Cabot Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.