Cabot Oil & Gas (COG) PT Set at $32.00 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $32.00 price target on Cabot Oil & Gas (NYSE:COG) in a research report sent to investors on Friday. The firm currently has a buy rating on the oil and gas exploration company’s stock.

Several other research analysts have also weighed in on the stock. MKM Partners assumed coverage on shares of Cabot Oil & Gas in a report on Wednesday. They set a neutral rating and a $27.00 price objective on the stock. Zacks Investment Research upgraded shares of Cabot Oil & Gas from a hold rating to a buy rating and set a $28.00 price target on the stock in a report on Tuesday, November 27th. Morgan Stanley raised their price target on shares of Cabot Oil & Gas from $24.00 to $26.00 and gave the company a hold rating in a report on Tuesday, November 20th. Goldman Sachs Group lowered shares of Cabot Oil & Gas from a buy rating to a neutral rating and set a $29.00 price target on the stock. in a report on Tuesday, November 20th. Finally, Tudor Pickering lowered shares of Cabot Oil & Gas from a buy rating to a hold rating in a report on Thursday, November 15th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $28.37.

NYSE:COG traded up $0.02 on Friday, reaching $25.23. The stock had a trading volume of 8,068,198 shares, compared to its average volume of 6,831,096. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 52.56, a price-to-earnings-growth ratio of 0.80 and a beta of 0.30. 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 has a 12-month low of $20.94 and a 12-month high of $29.56.

Cabot Oil & Gas (NYSE:COG) last released its earnings results on Friday, October 26th. The oil and gas exploration company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). The firm had revenue of $545.10 million during the quarter, compared to analysts’ expectations of $482.74 million. Cabot Oil & Gas had a net margin of 12.69% and a return on equity of 14.87%. Cabot Oil & Gas’s revenue for the quarter was up 41.4% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. On average, equities research analysts forecast that Cabot Oil & Gas will post 1.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Wednesday, November 7th were given a $0.07 dividend. This is an increase from Cabot Oil & Gas’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.28 annualized dividend and a yield of 1.11%. Cabot Oil & Gas’s dividend payout ratio (DPR) is 58.33%.

Large investors have recently modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new stake in Cabot Oil & Gas in the second quarter valued at approximately $123,000. Cerebellum GP LLC grew its position in 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 acquiring an additional 5,105 shares in the last quarter. Avestar Capital LLC grew its position in Cabot Oil & Gas by 40.6% in the third quarter. Avestar Capital LLC now owns 10,124 shares of the oil and gas exploration company’s stock valued at $209,000 after acquiring an additional 2,924 shares in the last quarter. Parkwood LLC acquired a new stake in Cabot Oil & Gas in the second quarter valued at approximately $212,000. Finally, BB&T Securities LLC acquired a new stake in Cabot Oil & Gas in the second quarter valued at approximately $215,000.

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 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.

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

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