Cabot Oil & Gas Corp. (NYSE:COG) declared a quarterly dividend on Wednesday, July 27th. Investors of record on Wednesday, August 10th will be paid a dividend of 0.02 per share by the oil and gas exploration company on Wednesday, August 24th. This represents a $0.08 annualized dividend and a yield of 0.34%.
Several brokerages recently issued reports on COG. Barclays PLC upped their target price on shares of Cabot Oil & Gas Corp. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, May 2nd. JPMorgan Chase & Co. upgraded shares of Cabot Oil & Gas Corp. from a “neutral” rating to an “overweight” rating and set a $27.00 price target for the company in a research report on Thursday, May 5th. Deutsche Bank AG cut their price target on shares of Cabot Oil & Gas Corp. from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Tuesday, June 14th. Morgan Stanley cut their price target on shares of Cabot Oil & Gas Corp. from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 26th. Finally, Tudor Pickering lowered shares of Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a research report on Friday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.64.
In other Cabot Oil & Gas Corp. news, General Counsel George Kevin Cunningham sold 8,500 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $24.26, for a total value of $206,210.00. Following the completion of the sale, the general counsel now directly owns 45,168 shares of the company’s stock, valued at approximately $1,095,775.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert S. Boswell acquired 5,000 shares of the stock in a transaction on Thursday, May 5th. The stock was bought at an average cost of $24.35 per share, with a total value of $121,750.00. Following the completion of the transaction, the director now owns 15,360 shares in the company, valued at $374,016. The disclosure for this purchase can be found here.
Cabot Oil & Gas Corp. (NYSE:COG) last released its quarterly earnings data on Friday, April 29th. The oil and gas exploration company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.01. During the same period last year, the firm earned $0.12 earnings per share. The company earned $281.90 million during the quarter, compared to analysts’ expectations of $273.48 million. Cabot Oil & Gas Corp.’s quarterly revenue was down 39.4% on a year-over-year basis. On average, analysts expect that Cabot Oil & Gas Corp. will post ($0.18) earnings per share for the current year.
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.
