Brokerages Set Cabot Oil & Gas Co. (NYSE:COG) PT at $28.70

Shares of Cabot Oil & Gas Co. (NYSE:COG) have earned an average rating of “Buy” from the twenty-one ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $28.70.

Several research analysts have recently issued reports on COG shares. Wells Fargo & Co started coverage on shares of Forestar Group in a research note on Monday, July 8th. They issued an “outperform” rating and a $23.00 target price on the stock. Williams Capital reaffirmed a “hold” rating and issued a $28.00 target price on shares of Cabot Oil & Gas in a research note on Sunday, April 21st. Citigroup set a $12.00 target price on shares of Avaya and gave the company a “hold” rating in a research note on Monday, July 8th. Morgan Stanley set a $23.00 price target on shares of Cabot Oil & Gas and gave the company a “hold” rating in a research report on Monday, June 24th. Finally, TD Securities increased their price target on shares of Ensign Energy Services from C$7.50 to C$8.50 and gave the company a “buy” rating in a research report on Tuesday, April 9th.

A number of hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC raised its holdings in shares of Cabot Oil & Gas by 19.2% in the second quarter. Cerebellum GP LLC now owns 14,764 shares of the oil and gas exploration company’s stock valued at $339,000 after purchasing an additional 2,377 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Cabot Oil & Gas by 1.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 478,674 shares of the oil and gas exploration company’s stock valued at $10,989,000 after buying an additional 8,789 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of Cabot Oil & Gas by 16.6% in the second quarter. Copeland Capital Management LLC now owns 434,976 shares of the oil and gas exploration company’s stock valued at $9,987,000 after buying an additional 62,023 shares in the last quarter. Machina Capital S.A.S. bought a new position in shares of Cabot Oil & Gas in the second quarter valued at $888,000. Finally, NuWave Investment Management LLC grew its stake in shares of Cabot Oil & Gas by 822.3% in the second quarter. NuWave Investment Management LLC now owns 14,351 shares of the oil and gas exploration company’s stock valued at $330,000 after buying an additional 12,795 shares in the last quarter. Hedge funds and other institutional investors own 98.65% of the company’s stock.

Shares of NYSE COG traded down $0.08 during mid-day trading on Friday, hitting $22.32. The company’s stock had a trading volume of 4,077,698 shares, compared to its average volume of 5,955,021. The stock has a market capitalization of $9.48 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 0.82 and a beta of 0.52. The company has a current ratio of 2.83, a quick ratio of 2.75 and a debt-to-equity ratio of 0.53. Cabot Oil & Gas has a one year low of $20.94 and a one year high of $27.65. The company has a fifty day simple moving average of $23.86.

Cabot Oil & Gas (NYSE:COG) last issued its earnings results on Friday, April 26th. The oil and gas exploration company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.09. The company had revenue of $641.70 million for the quarter, compared to analyst estimates of $674.71 million. Cabot Oil & Gas had a net margin of 29.81% and a return on equity of 31.52%. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. On average, equities research analysts anticipate that Cabot Oil & Gas will post 1.82 EPS for the current fiscal year.

Cabot Oil & Gas Company Profile

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

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