Williams Capital Reaffirms Hold Rating for Cabot Oil & Gas Corporation (COG)

Williams Capital reiterated their hold rating on shares of Cabot Oil & Gas Corporation (NYSE:COG) in a research report report published on Monday morning. The firm currently has a $28.00 price objective on the oil and gas exploration company’s stock.

COG has been the topic of several other research reports. TheStreet lowered shares of Cabot Oil & Gas Corporation from a c rating to a d+ rating in a research report on Thursday, August 24th. BidaskClub lowered shares of Cabot Oil & Gas Corporation from a buy rating to a hold rating in a research report on Thursday, July 27th. BMO Capital Markets reissued a buy rating and issued a $30.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Friday, September 1st. Cowen and Company reissued a buy rating and issued a $30.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Tuesday, September 12th. Finally, Scotiabank set a $30.00 price target on shares of Cabot Oil & Gas Corporation and gave the company a buy rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $29.06.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $460.50 million for the quarter, compared to the consensus estimate of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. Cabot Oil & Gas Corporation’s revenue was up 86.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) EPS.

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In related news, insider Jeffrey W. Hutton sold 11,918 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the transaction, the insider now owns 635,124 shares of the company’s stock, valued at $17,014,971.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Centre Asset Management LLC boosted its stake in Cabot Oil & Gas Corporation by 1.7% during the third quarter. Centre Asset Management LLC now owns 347,500 shares of the oil and gas exploration company’s stock worth $9,296,000 after buying an additional 5,930 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Cabot Oil & Gas Corporation during the second quarter worth $18,048,000. United Bank VA boosted its stake in Cabot Oil & Gas Corporation by 29.7% during the second quarter. United Bank VA now owns 68,739 shares of the oil and gas exploration company’s stock worth $1,724,000 after buying an additional 15,742 shares in the last quarter. Sentry Investment Management LLC boosted its stake in Cabot Oil & Gas Corporation by 361.8% during the second quarter. Sentry Investment Management LLC now owns 165,530 shares of the oil and gas exploration company’s stock worth $4,151,000 after buying an additional 129,685 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Cabot Oil & Gas Corporation by 23.2% during the second quarter. Toronto Dominion Bank now owns 157,819 shares of the oil and gas exploration company’s stock worth $3,957,000 after buying an additional 29,710 shares in the last quarter. Hedge funds and other institutional investors own 96.33% of the company’s stock.

Cabot Oil & Gas Corporation Company Profile

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.

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

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