Cabot Oil & Gas (COG) Downgraded to “Neutral” at UBS Group

Cabot Oil & Gas (NYSE:COG) was downgraded by analysts at UBS Group from a “positive” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other brokerages also recently issued reports on COG. Williams Capital set a $30.00 target price on Cabot Oil & Gas and gave the stock a “hold” rating in a research note on Thursday, December 21st. Credit Suisse Group initiated coverage on Cabot Oil & Gas in a research note on Monday, December 11th. They issued a “neutral” rating and a $30.00 target price for the company. Piper Jaffray Companies set a $37.00 target price on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Thursday, December 21st. Zacks Investment Research raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Drexel Hamilton increased their price target on Cabot Oil & Gas from $27.82 to $32.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.21.

Shares of Cabot Oil & Gas (NYSE:COG) opened at $27.57 on Wednesday. Cabot Oil & Gas has a 52 week low of $20.55 and a 52 week high of $29.57. The stock has a market capitalization of $12,940.99, a price-to-earnings ratio of -88.93, a price-to-earnings-growth ratio of 0.90 and a beta of 0.53. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49.

Cabot Oil & Gas (NYSE:COG) last issued its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The company had revenue of $385.40 million during the quarter, compared to analyst estimates of $400.85 million. During the same period last year, the business earned ($0.04) earnings per share. The firm’s revenue was up 24.2% compared to the same quarter last year. sell-side analysts anticipate that Cabot Oil & Gas will post 0.5 earnings per share for the current fiscal year.

In other news, Director Robert Kelley bought 2,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was bought at an average cost of $27.47 per share, for a total transaction of $54,940.00. Following the acquisition, the director now directly owns 619,500 shares of the company’s stock, valued at approximately $17,017,665. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Dan O. Dinges sold 66,610 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total value of $1,859,751.20. Following the transaction, the chairman now owns 2,887,018 shares of the company’s stock, valued at $80,605,542.56. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in Cabot Oil & Gas by 2.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 9,917 shares of the oil and gas exploration company’s stock valued at $249,000 after acquiring an additional 271 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Cabot Oil & Gas by 1.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock valued at $446,000 after acquiring an additional 310 shares during the period. Veritable L.P. boosted its holdings in Cabot Oil & Gas by 3.8% during the 2nd quarter. Veritable L.P. now owns 15,418 shares of the oil and gas exploration company’s stock valued at $387,000 after acquiring an additional 560 shares during the period. Kingfisher Capital LLC boosted its stake in shares of Cabot Oil & Gas by 1.5% in the 2nd quarter. Kingfisher Capital LLC now owns 48,184 shares of the oil and gas exploration company’s stock valued at $1,208,000 after buying an additional 728 shares during the period. Finally, Evercore Wealth Management LLC boosted its stake in shares of Cabot Oil & Gas by 1.6% in the 2nd quarter. Evercore Wealth Management LLC now owns 55,297 shares of the oil and gas exploration company’s stock valued at $1,387,000 after buying an additional 897 shares during the period. Institutional investors own 95.63% of the company’s stock.

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About Cabot Oil & Gas

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.

The Fly

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

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