Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Cabot Oil & Gas Corporation (COG) Stock Price
Press coverage about Cabot Oil & Gas Corporation (NYSE:COG) has trended somewhat positive on Saturday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cabot Oil & Gas Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the oil and gas exploration company an impact score of 45.781709651111 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Is Natural Gas Diverging from Rise in Oil? (finance.yahoo.com)
- Jefferies Group Weighs in on Cabot Oil & Gas Corporation’s Q3 2017 Earnings (COG) (americanbankingnews.com)
- YieldBoost COG From 0.8% To 5.8% Using Options – Nasdaq (nasdaq.com)
- Natural Gas Drops to $2.80: Impact on Natural Gas–Weighted Stocks (finance.yahoo.com)
Cabot Oil & Gas Corporation (COG) remained flat at $26.00 during trading on Friday. 6,533,981 shares of the stock traded hands. Cabot Oil & Gas Corporation has a 52 week low of $20.02 and a 52 week high of $27.14. The company has a 50 day moving average of $26.19 and a 200 day moving average of $24.60. The company’s market cap is $12.02 billion.
Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The firm had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. During the same quarter last year, the business posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 86.6% compared to the same quarter last year. On average, equities analysts anticipate that Cabot Oil & Gas Corporation will post $0.59 EPS for the current fiscal year.
Several equities analysts have weighed in on COG shares. BMO Capital Markets restated a “buy” rating and issued a $33.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Thursday, June 22nd. Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $28.00 to $32.00 in a research report on Friday, June 30th. Scotiabank set a $28.00 price target on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research report on Saturday, July 1st. BidaskClub upgraded shares of Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Williams Capital cut shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.06.
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In other news, insider Jeffrey W. Hutton sold 11,918 shares of Cabot Oil & Gas Corporation stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total transaction of $319,283.22. Following the transaction, the insider now directly owns 635,124 shares in the company, valued at approximately $17,014,971.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.
About Cabot Oil & Gas Corporation
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.
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