Cabot Oil & Gas Corporation (NYSE:COG) Valuation According To Analysts

Xavier Trudeau
Mai 20, 2017

Among 24 analysts covering Cabot Oil & Gas (NYSE:COG), 15 have Buy rating, 0 Sell and 9 Hold. Sprucegrove Investment Management Ltd sold 193,698 shares as Flir Sys Inc (FLIR)'s stock 0.00%.

A number of other institutional investors have also recently added to or reduced their stakes in the stock.

Cabot Oil & Gas Corp (NYSE:COG) institutional sentiment decreased to 1.27 in 2016 Q4. This is a positive change from Cabot Oil & Gas Co.'s previous quarterly dividend of $0.02. Parallel Advisors LLC acquired a new position in shares of Cabot Oil & Gas Co. during the fourth quarter valued at approximately $116,000.

Piper Jaffray Companies restated their overweight rating on shares of Cabot Oil & Gas Co. (NYSE:COG) last released its quarterly earnings results on Friday, April 28th.

Cabot Oil & Gas Corporation (COG) traded with the volume of 6.41 Million shares while its average 3 months volume is at 6300 shares.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -0.6%, and has a poor year to date (YTD) performance of -0.51% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Cabot Oil & Gas Corporation (NYSE:COG) has risen 6.00% since April 18, 2017 and is uptrending. The stock's market cap is $3.22 billion.

Annual Dividend Yield of Cabot Oil & Gas Corporation (COG) stands at 0.86%. The oil and gas exploration company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. State Street Corp raised its stake in Cabot Oil & Gas 5.7% in the fourth quarter. The company had revenue of $517.80 million during the quarter, compared to analyst estimates of $464.45 million. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. The business's quarterly revenue was up 83.7% on a year-over-year basis. Investors of record on Wednesday, May 17th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 15th. Finally, FMR LLC increased its stake in Cabot Oil & Gas 32.7% in the first quarter.

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Pictet Asset Management Ltd. raised its stake in shares of Cabot Oil & Gas Co. Barclays Capital downgraded the shares of COG in report on Monday, January 11 to "Equal Weight" rating. Stifel Nicolaus began coverage on shares of Cabot Oil & Gas a report on Thursday, March 23rd. They issued a "buy" rating and a $30.00 target price for the company.

Now the shares of Cabot Oil & Gas Corporation (COG) has a trading volume of 6.41 Million shares, with an average trading volume of 6520 shares - with shares dropping to a 52 week low of $19.98, and the company's shares hitting a 52 week high of $ 26.69. Finally, Royal Bank of Canada restated a "hold" rating and issued a $14.00 price target on shares of Whiting Petroleum Corp in a research report on Friday, March 24th. For our stock under consideration here, Cabot Oil & Gas Corporation (COG) has distance from 20 Day SMA is -3.62% while its distance from 50 day SMA is -2.06%. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Cabot Oil & Gas Co. has a consensus rating of "Buy" and an average target price of $29.78. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $85.35 on company shares. The stock was sold at an average price of $24.12, for a total transaction of $90,136.44. Following the transaction, the insider now owns 62,453 shares in the company, valued at $1,506,366.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The Firm operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties.

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