Cabot Oil & Gas (NYSE:COG) Lowered to C+ at TheStreet

TheStreet downgraded shares of Cabot Oil & Gas (NYSE:COG) from a b rating to a c+ rating in a research note issued to investors on Tuesday morning, TheStreetRatingsTable reports.

A number of other equities analysts have also recently issued reports on COG. Williams Capital restated a hold rating and set a $28.00 target price on shares of Cabot Oil & Gas in a report on Sunday, April 21st. Wells Fargo & Co initiated coverage on Forestar Group in a report on Monday. They set an outperform rating and a $23.00 target price on the stock. ValuEngine upgraded Zogenix from a buy rating to a strong-buy rating in a report on Thursday, June 27th. TD Securities raised their target price 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. Finally, Citigroup set a $12.00 target price on Avaya and gave the stock a hold rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. Cabot Oil & Gas currently has a consensus rating of Buy and an average price target of $28.72.

Cabot Oil & Gas stock traded down $0.22 during midday trading on Tuesday, hitting $23.81. 2,926,313 shares of the company’s stock were exchanged, compared to its average volume of 6,013,104. Cabot Oil & Gas has a 12-month low of $20.94 and a 12-month high of $27.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.75 and a current ratio of 2.83. The stock has a market cap of $9.96 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 0.85 and a beta of 0.53. The business has a 50 day moving average price of $24.29.



Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings data on Friday, April 26th. The oil and gas exploration company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.09. The firm had revenue of $641.70 million during the quarter, compared to analyst estimates of $674.71 million. Cabot Oil & Gas had a return on equity of 31.52% and a net margin of 29.81%. The company’s revenue was up 35.6% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Research analysts anticipate that Cabot Oil & Gas will post 1.85 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Foresters Investment Management Company Inc. purchased a new stake in shares of Cabot Oil & Gas during the fourth quarter worth about $6,627,000. Janus Henderson Group PLC lifted its position in shares of Cabot Oil & Gas by 13.1% during the first quarter. Janus Henderson Group PLC now owns 1,647,588 shares of the oil and gas exploration company’s stock worth $43,002,000 after purchasing an additional 191,268 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Cabot Oil & Gas by 12.0% during the first quarter. Contravisory Investment Management Inc. now owns 13,338 shares of the oil and gas exploration company’s stock worth $348,000 after purchasing an additional 1,429 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cabot Oil & Gas by 19.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,665 shares of the oil and gas exploration company’s stock worth $33,572,000 after purchasing an additional 239,959 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Cabot Oil & Gas during the fourth quarter worth $379,000. Institutional investors own 98.33% 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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Analyst Recommendations for Cabot Oil & Gas (NYSE:COG)

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