ValuEngine Upgrades Cabot Oil & Gas (COG) to “Hold”

Cabot Oil & Gas (NYSE:COG) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, February 4th.

Other equities analysts have also issued research reports about the company. Piper Jaffray Companies set a $26.00 price objective on Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Monday, October 8th. Morgan Stanley boosted their price objective on Cabot Oil & Gas from $23.00 to $24.00 and gave the stock a “hold” rating in a research note on Monday, October 29th. TheStreet raised Cabot Oil & Gas from a “c” rating to a “b-” rating in a research note on Friday, October 26th. Citigroup raised Cabot Oil & Gas from a “neutral” rating to a “buy” rating in a research note on Friday, December 21st. Finally, KeyCorp assumed coverage on Cabot Oil & Gas in a research note on Monday, January 14th. They set a “sector weight” rating and a $24.18 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $28.07.

COG stock traded up $0.62 during trading on Monday, hitting $25.24. 5,883,258 shares of the company traded hands, compared to its average volume of 5,256,854. The stock has a market cap of $10.46 billion, a P/E ratio of 22.34, a P/E/G ratio of 0.32 and a beta of 0.54. Cabot Oil & Gas has a 1 year low of $20.94 and a 1 year high of $27.40. The company has a current ratio of 1.69, a quick ratio of 1.66 and a debt-to-equity ratio of 0.58.

Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings data on Friday, February 22nd. The oil and gas exploration company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The business had revenue of $716.30 million during the quarter, compared to analysts’ expectations of $659.51 million. Cabot Oil & Gas had a net margin of 12.69% and a return on equity of 14.87%. The firm’s quarterly revenue was up 78.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. On average, research analysts predict that Cabot Oil & Gas will post 1.77 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of COG. Dimensional Fund Advisors LP boosted its stake in Cabot Oil & Gas by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,248,855 shares of the oil and gas exploration company’s stock worth $29,721,000 after acquiring an additional 8,204 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Cabot Oil & Gas by 159.1% in the second quarter. Advisors Asset Management Inc. now owns 30,437 shares of the oil and gas exploration company’s stock valued at $442,000 after buying an additional 18,691 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Cabot Oil & Gas by 59.4% in the second quarter. Bank of New York Mellon Corp now owns 10,968,674 shares of the oil and gas exploration company’s stock valued at $261,055,000 after buying an additional 4,087,096 shares in the last quarter. Dalton Greiner Hartman Maher & Co. lifted its stake in shares of Cabot Oil & Gas by 1.1% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 467,051 shares of the oil and gas exploration company’s stock valued at $10,518,000 after buying an additional 5,188 shares in the last quarter. Finally, Cerebellum GP LLC lifted its stake in shares of Cabot Oil & Gas by 198.9% in the third quarter. Cerebellum GP LLC now owns 7,671 shares of the oil and gas exploration company’s stock valued at $173,000 after buying an additional 5,105 shares in the last quarter. Institutional investors 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 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

Featured Story: Why Invest in Dividend Achievers?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.



Leave a Reply