Investment Analysts’ Recent Ratings Updates for Cabot Oil & Gas (COG)

Cabot Oil & Gas (NYSE: COG) recently received a number of ratings updates from brokerages and research firms:

  • 1/27/2020 – Cabot Oil & Gas had its price target lowered by analysts at Stifel Nicolaus from $16.00 to $14.00. They now have a “hold” rating on the stock.
  • 1/24/2020 – Cabot Oil & Gas had its price target lowered by analysts at Wells Fargo & Co from $22.00 to $21.00. They now have an “overweight” rating on the stock.
  • 1/24/2020 – Cabot Oil & Gas had its price target lowered by analysts at UBS Group AG from $23.00 to $18.00. They now have a “neutral” rating on the stock.
  • 1/9/2020 – Cabot Oil & Gas had its price target lowered by analysts at Wells Fargo & Co from $23.00 to $22.00. They now have an “overweight” rating on the stock.
  • 1/8/2020 – Cabot Oil & Gas was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a $18.00 price target on the stock, down previously from $23.00.
  • 1/3/2020 – Cabot Oil & Gas was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. They now have a $14.00 price target on the stock. According to Zacks, “Cabot Oil & Gas Corporation is an independent gas exploration company with producing properties mainly in the continental U.S. Cabot have lost 24.3% over the past year, underperforming the Zacks Oil & Gas U.S Exploration and Production industry, which has decreased 19.7% over the same period. Being a natural gas-weighted company, Cabot continues to reel under the effects of the commodity's price struggles. The company has cut its annual production growth guidance to 17% from 20% previously.  At the same time, it raised full-year 2019 capex view at the mid-point to $810 million, from a prior view of $800 million. Struggling with lawsuits & denied a water permit, Cabot’s Constitution Pipeline Company is likely to be delayed substantially or cancelled. Considering these factors, Cabot is unlikely to return to favor anytime soon.”
  • 1/3/2020 – Cabot Oil & Gas was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

NYSE COG traded down $0.35 during trading hours on Monday, hitting $14.29. The company had a trading volume of 1,133,545 shares, compared to its average volume of 7,301,542. The business has a 50 day moving average of $16.84 and a 200-day moving average of $17.95. Cabot Oil & Gas Co. has a 1-year low of $14.44 and a 1-year 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. The company has a market cap of $5.97 billion, a PE ratio of 7.48 and a beta of 0.49.

Cabot Oil & Gas (NYSE:COG) last announced its earnings results on Thursday, October 24th. The oil and gas exploration company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Cabot Oil & Gas had a net margin of 34.86% and a return on equity of 34.92%. The business had revenue of $429.11 million during the quarter, compared to analysts’ expectations of $453.73 million. During the same period in the prior year, the company earned $0.25 earnings per share. The business’s revenue was down 21.3% compared to the same quarter last year. Sell-side analysts expect that Cabot Oil & Gas Co. will post 1.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 24th will be issued a $0.10 dividend. The ex-dividend date is Thursday, January 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.80%. Cabot Oil & Gas’s payout ratio is 35.40%.

Large investors have recently made changes to their positions in the company. State of New Jersey Common Pension Fund D raised its holdings in shares of Cabot Oil & Gas by 20.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 343,800 shares of the oil and gas exploration company’s stock valued at $6,041,000 after buying an additional 58,800 shares during the last quarter. Verition Fund Management LLC purchased a new position in Cabot Oil & Gas during the second quarter worth about $497,000. California Public Employees Retirement System raised its holdings in Cabot Oil & Gas by 37.5% during the third quarter. California Public Employees Retirement System now owns 1,054,320 shares of the oil and gas exploration company’s stock worth $18,524,000 after purchasing an additional 287,558 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Cabot Oil & Gas by 71.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 22,643 shares of the oil and gas exploration company’s stock worth $397,000 after purchasing an additional 9,455 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Cabot Oil & Gas by 9.9% during the third quarter. Russell Investments Group Ltd. now owns 1,175,416 shares of the oil and gas exploration company’s stock worth $20,646,000 after purchasing an additional 106,209 shares in the last quarter. 95.57% of the stock is owned by institutional investors and hedge funds.

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.

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