On 8/11/2016, Scotia Howard Weil reported on Cabot Oil & Gas (NYSE:COG) raised the target price from $0.00 to $30.00. Williams Capital’s price objective points to a potential upside of 18.91% from the stock’s previous close. Jefferies Group restated a “hold” rating on shares of Cabot Oil & Gas Corp.in a report on Thursday, August 11th.
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While looking at the Stock’s Performance, Cabot Oil & Gas Corporation now shows a Weekly Performance of -4.5%, where Monthly Performance is 4.76%, Quarterly performance is 0.77%, 6 Months performance is 12.84% and yearly performance percentage is 5.32%.
Cabot Oil & Gas Corporation (NYSE:COG) now has mean rating of 2.3 while 11 analyst have recommended the shares as “BUY”, 6 commented as “OUTPERFORM” and 17 commented as “HOLD”. The company has market value of $11.55B. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. The share price of the stock surged 9.52% for the year. The stock was sold at an average price of $25.32, for a total transaction of $156,426.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several other research firms have also recently commented on COG. ATR value of corporation was 0.67.
Cabot holds 20.69% of its portfolio in Cabot Oil & Gas Corporation for 951,778 shares. Moreover, Sailingstone Capital Partners Llc has 7.02% invested in the company for 12.93 million shares. Finally, Public Employees Retirement Association of Colorado boosted its stake in Cabot Oil & Gas Corp.by 1.0% in the second quarter. The stock is presently trading up its SMA-50 of $2.78. A Vice Pres. & General Counsel at Cabot Oil & Gas Corporation (COG) sold shares in a trading activity completed on Tuesday June 21, 2016. (NYSE:COG) opened at 25.23 on Monday. The current price change puts the market capitalization at $11.63 bln. Cabot Oil & Gas Corp. The stock is now trading at Distance from 20-Day Simple Moving Average of 0.76% while its Distance from 50-Day Simple Moving Average is 0.76 Percent. (NYSE:COG) last released its quarterly earnings data on Friday, July 29th.
The company reiterated its guidance of last month that it expected to produce between 9.7 million and 10.3 million barrels of oil equivalent in the 2017 financial year, which should make it another record year of output. During the same quarter in the prior year, the firm earned $0.03 EPS. The company had revenue of $246.80 million for the quarter, compared to analysts expectations of $279.22 million. The firm’s revenue was down 19.4% on a year-over-year basis.
Chief executive Matt Kay noted Beach was “profitable and net debt free”, with the price that the company breaks even on cash flow having been reduced by 60 per cent to $35 a barrel, or $US26 a barrel, justifying the payment of a dividend. For the reporting quarter, equity analysts expect the stock to deliver -$0.02 in earnings per share (EPS). The ex-dividend date of this dividend was Monday, August 8th.
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The prevailing figure will allow the investment community to determine the size of Cabot Oil & Gas Corporation in contrast to the sales or total assets figures. The Company’s exploration development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. The Company’s assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.
