Cowen & Company initiates coverage on Cabot Oil & Gas Corporation (NYSE:COG).The analysts at the brokerage house have a current rating of Market Perform on the shares.
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The price to earnings ratio, or the valuation ratio of a company’s current share price compared to its per-share earnings sits at 322.47.
Cabot Oil & Gas Corporation (NYSE: COG) today announced that its Board of Directors declared a regular dividend of two cents ($0.02) per share on the Company’s common stock. The net money flow for the block transaction was $14.1 million.
Investment analysts at Global Hunter Securities decreased their target price on shares of Northern Oil & Gas (AMEX:NOG) from $8.00 to $6.00 in a note issued to investors on Tuesday, StockTargetPrices.com reports.
Cabot Oil & Gas Corporation has lost 5.1% in the last five trading days and dropped 15.96% in the last 4 weeks.
The stock price of Carrizo Oil & Gas Inc. has dived 26.39% over the last 200 days, and is in strong down trend. Cabot Oil & Gas Co. has a 1-year low of $26.01 and a 1-year high of $35.64. (COG) on Friday reported a second-quarter loss of $27.5 million, after reporting a profit in the same period a year earlier. Separately, on June 4, Deutsche Bank’s Josh Silverstein maintained a Hold rating on the stock and has a price target of $34. The primary factors that have impacted our rating are mixed – some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The stock’s 50-day moving average is $31.88 and its 200-day moving average is $30.77. The company will be trying to improve on the previous quarter’s numbers of $0 for the quarter ending on 2015-03-31. The rating by the firm was issued on July 20, 2015. The stock was sold at an average price of $33.76, for a total transaction of $888,428.16.
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Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The 52-week low of the share price is $26.01. The Company’s properties in the Eagle Ford Shale are principally located in Atascosa, Frio and La Salle Counties, Texas. The Company also has non-core operations in various other unconventional and conventional plays throughout the continental United States. The Company acquires leasehold interests that comprise of non-operated working interests in wells and in drilling projects within its area of operations.
