Cabot Oil & Gas Co. (NYSE:COG) Receives Average Rating of “Buy” from Brokerages

Cabot Oil & Gas Co. (NYSE:COG) has received a consensus rating of “Buy” from the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $28.70.

A number of equities analysts have recently weighed in on COG shares. Zacks Investment Research cut GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a report on Monday, May 20th. TD Securities increased their price target on Ensign Energy Services from C$7.50 to C$8.50 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Cowen set a $27.00 price target on Schnitzer Steel Industries and gave the stock a “hold” rating in a report on Tuesday, April 9th. TheStreet upgraded South Jersey Industries from a “c+” rating to a “b-” rating in a report on Tuesday, July 9th. Finally, Williams Capital reiterated a “hold” rating and set a $28.00 price target on shares of Cabot Oil & Gas in a report on Sunday, April 21st.

A number of large investors have recently added to or reduced their stakes in COG. Norges Bank purchased a new position in Cabot Oil & Gas during the 4th quarter worth approximately $76,512,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of Cabot Oil & Gas in the 1st quarter valued at approximately $63,479,000. Anchor Bolt Capital LP purchased a new position in shares of Cabot Oil & Gas in the 4th quarter valued at approximately $47,515,000. Neuberger Berman Group LLC grew its stake in shares of Cabot Oil & Gas by 10.4% in the 1st quarter. Neuberger Berman Group LLC now owns 14,287,550 shares of the oil and gas exploration company’s stock valued at $372,905,000 after purchasing an additional 1,343,815 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Cabot Oil & Gas by 16,524.8% in the 4th quarter. Two Sigma Investments LP now owns 985,489 shares of the oil and gas exploration company’s stock valued at $22,026,000 after purchasing an additional 991,489 shares during the last quarter. Hedge funds and other institutional investors own 98.65% of the company’s stock.

NYSE COG traded down $0.77 during mid-day trading on Friday, hitting $22.48. The stock had a trading volume of 3,577,048 shares, compared to its average volume of 5,082,026. The stock’s 50 day moving average is $24.04. Cabot Oil & Gas has a twelve month low of $20.94 and a twelve month high of $27.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.83 and a quick ratio of 2.75. The company has a market capitalization of $9.95 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 0.85 and a beta of 0.52.

Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings data on Friday, April 26th. The oil and gas exploration company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.09. Cabot Oil & Gas had a return on equity of 31.52% and a net margin of 29.81%. The firm had revenue of $641.70 million during the quarter, compared to the consensus estimate of $674.71 million. During the same period in the prior year, the company earned $0.28 EPS. The firm’s revenue was up 35.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Cabot Oil & Gas will post 1.84 earnings per share for the current year.

About Cabot Oil & Gas

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

Featured Story: How is a price target determined?

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

Receive News & Ratings for Cabot Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.