BMO Capital Markets Analysts Give Cabot Oil & Gas Corporation (COG) a $30.00 Price Target

BMO Capital Markets set a $30.00 price target on Cabot Oil & Gas Corporation (NYSE:COG) in a research report released on Tuesday. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

A number of other brokerages also recently commented on COG. Piper Jaffray Companies reduced their price objective on shares of Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an overweight rating for the company in a research note on Monday, September 18th. Stifel Nicolaus reaffirmed a buy rating and set a $33.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Thursday, September 14th. Cowen and Company reaffirmed a buy rating and set a $30.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Tuesday, September 12th. Williams Capital reaffirmed a hold rating and set a $28.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Monday. Finally, Zacks Investment Research downgraded Cabot Oil & Gas Corporation from a hold rating to a sell rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $29.06.

Cabot Oil & Gas Corporation (NYSE COG) opened at 26.00 on Tuesday. The company’s market cap is $12.02 billion. The company’s 50-day moving average price is $26.16 and its 200-day moving average price is $24.58. Cabot Oil & Gas Corporation has a 52-week low of $20.02 and a 52-week high of $27.14.

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 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $460.50 million during the quarter, compared to the consensus estimate of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The business’s quarterly revenue was up 86.6% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. Equities research analysts expect that Cabot Oil & Gas Corporation will post $0.58 EPS for the current fiscal year.

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In related news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total value of $319,283.22. Following the transaction, the insider now directly owns 635,124 shares of the company’s stock, valued at approximately $17,014,971.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COG. Capital World Investors increased its position in shares of Cabot Oil & Gas Corporation by 157.8% in the 2nd quarter. Capital World Investors now owns 27,084,300 shares of the oil and gas exploration company’s stock valued at $679,274,000 after acquiring an additional 16,579,300 shares during the period. PointState Capital LP increased its position in shares of Cabot Oil & Gas Corporation by 60.9% in the 2nd quarter. PointState Capital LP now owns 18,011,889 shares of the oil and gas exploration company’s stock valued at $451,738,000 after acquiring an additional 6,818,389 shares during the period. Sanders Capital LLC increased its position in shares of Cabot Oil & Gas Corporation by 34.7% in the 1st quarter. Sanders Capital LLC now owns 25,830,424 shares of the oil and gas exploration company’s stock valued at $630,336,000 after acquiring an additional 6,657,156 shares during the period. FMR LLC increased its position in shares of Cabot Oil & Gas Corporation by 16.5% in the 2nd quarter. FMR LLC now owns 29,661,972 shares of the oil and gas exploration company’s stock valued at $743,923,000 after acquiring an additional 4,192,976 shares during the period. Finally, Neuberger Berman Group LLC increased its position in shares of Cabot Oil & Gas Corporation by 11.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 20,664,730 shares of the oil and gas exploration company’s stock valued at $518,271,000 after acquiring an additional 2,095,126 shares during the period. 96.33% of the stock is currently owned by hedge funds and other institutional investors.

About Cabot Oil & Gas Corporation

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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