Stock Price Analysis of Cabot Oil & Gas Corporation (COG)

Lloyd Doyle
November 21, 2017

Cabot Oil & Gas Corp now has $13.59 billion valuation. The rating was downgraded by Dougherty & Company on Tuesday, August 11 to "Buy". To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.

COG has been the subject of several other research reports. PA lifted its holdings in Cabot Oil & Gas 1,257.5% during the second quarter. Moreover, Citadel Llc has 0.12% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 5.80 million shares. Orrstown Svcs holds 0.57% or 20,872 shares in its portfolio. Tortoise Capital Advisors Limited Liability Company has invested 0.09% in Cabot Oil & Gas Corporation (NYSE:COG). Overall, the share price is up 25.81% year to date. 37 funds opened positions while 34 raised stakes. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,521 shares of the oil and gas exploration company's stock valued at $4,151,000 after purchasing an additional 61,978 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new stake in Cabot Oil & Gas Co. during the 2nd quarter valued at approximately $2,044,000.

Here are a few institutional investors who have updated their positions.

Shares of Cabot Oil & Gas Co. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has "Underperform" rating given on Wednesday, January 4 by Bank of America. The shares were sold at an average price of $26.79, for a total value of $319,283.22. The stock increased 2.23% or $0.64 on November 17, reaching $29.39. The company has market cap of $927.61 million.

Cabot Oil & Gas Corporation (NYSE:COG) touched its 1-Year High price of $29.41 on 11/17/17 and its 1-Year Low price of $20.55 on 02/02/17.

Now we will discuss the financial strength of Cabot Oil & Gas Corporation. This works out to a decrease of -300.00% compared to last year's earnings. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.08 by ($0.01).

Yesterday, Oil and Natural Gas Corporation saw a high of Rs. 180.45 which was 1.75 points more than the opening price after which it closed at a price of Rs. 180.00. COG generated revenue of $473.82 Million in the same quarter, one year ago.

An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Wednesday, November 8th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 7th.

Shares of Cabot Oil & Gas Co.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the stock in a transaction that occurred on Tuesday, September 5th. "(NYSE:COG) Holdings Increased by Dupont Capital Management Corp" was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. Following the transaction, the director now directly owns 619,500 shares in the company, valued at $17,017,665. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The shares were sold at an average price of C$8.25, for a total transaction of C$82,500.00. Amica Retiree Medical Tru reported 2,490 shares. The disclosure for this purchase can be found here.

COPYRIGHT VIOLATION NOTICE: This story was reported by TrueBlueTribune and is owned by of TrueBlueTribune. Neuberger Berman Group LLC lifted its holdings in Cabot Oil & Gas 11.3% during the second quarter.

COG has been the topic of a number of research reports. Singular Research initiated the stock with "Buy" rating in Wednesday, December 9 report. Finally, BMO Capital Markets restated a "buy" rating and issued a $30.00 price target on shares of Cabot Oil & Gas a research report on Friday, September 1st. The original version of this story can be viewed at Stifel Nicolaus maintained it with "Hold" rating and $24 target in Monday, October 31 report. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.2 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.

Advantage Oil & Gas an intermediate natural gas and liquids development and production company. The Company's assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

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