Cabot Oil & Gas Co. (NYSE:COG) – Jefferies Financial Group cut their FY2019 earnings per share estimates for Cabot Oil & Gas in a research note issued to investors on Monday, April 22nd. Jefferies Financial Group analyst Z. Parham now anticipates that the oil and gas exploration company will post earnings per share of $1.83 for the year, down from their prior forecast of $1.86. Jefferies Financial Group has a “Buy” rating and a $29.00 price target on the stock.
COG has been the subject of a number of other research reports. Williams Capital reissued a “hold” rating and issued a $28.00 target price on shares of Cabot Oil & Gas in a research report on Sunday, April 21st. Cowen assumed coverage on Cabot Oil & Gas in a research report on Tuesday, April 9th. They issued an “outperform” rating and a $32.00 target price for the company. Zacks Investment Research raised Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Tuesday, April 2nd. Guggenheim set a $27.00 target price on Cabot Oil & Gas and gave the stock a “hold” rating in a research report on Friday, February 22nd. Finally, ValuEngine raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $28.95.
Shares of NYSE:COG opened at $26.01 on Wednesday. Cabot Oil & Gas has a fifty-two week low of $20.94 and a fifty-two week high of $27.65. The company has a quick ratio of 1.86, a current ratio of 1.90 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 0.39 and a beta of 0.62.
Cabot Oil & Gas (NYSE:COG) last issued its earnings results on Friday, February 22nd. The oil and gas exploration company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). Cabot Oil & Gas had a return on equity of 23.35% and a net margin of 25.46%. The business had revenue of $716.30 million during the quarter, compared to analysts’ expectations of $659.51 million. During the same period last year, the firm posted $0.13 EPS. Cabot Oil & Gas’s quarterly revenue was up 78.9% compared to the same quarter last year.
In other Cabot Oil & Gas news, insider Jeffrey W. Hutton sold 150,720 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $26.11, for a total transaction of $3,935,299.20. Following the completion of the sale, the insider now directly owns 629,270 shares in the company, valued at approximately $16,430,239.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in COG. Paragon Capital Management LLC bought a new position in shares of Cabot Oil & Gas during the 1st quarter valued at approximately $26,000. Carroll Financial Associates Inc. grew its stake in shares of Cabot Oil & Gas by 192.9% during the 1st quarter. Carroll Financial Associates Inc. now owns 1,201 shares of the oil and gas exploration company’s stock valued at $31,000 after acquiring an additional 791 shares during the period. Whittier Trust Co. grew its stake in shares of Cabot Oil & Gas by 97.2% during the 4th quarter. Whittier Trust Co. now owns 1,430 shares of the oil and gas exploration company’s stock valued at $32,000 after acquiring an additional 705 shares during the period. Advisory Services Network LLC bought a new position in shares of Cabot Oil & Gas during the 4th quarter valued at approximately $40,000. Finally, Lavaca Capital LLC bought a new position in shares of Cabot Oil & Gas during the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 94.88% of the company’s stock.
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.
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