ValuEngine downgraded shares of Cabot Oil & Gas (NYSE:COG) from a sell rating to a strong sell rating in a research report report published on Saturday morning, ValuEngine reports.

Several other research analysts have also issued reports on COG. TD Securities increased their target price on Ensign Energy Services from C$7.50 to C$8.50 and gave the stock a buy rating in a research report on Tuesday, April 9th. Zacks Investment Research lowered GreenTree Hospitality Group from a buy rating to a hold rating in a research report on Monday, May 20th. Morgan Stanley set a $23.00 target price on Cabot Oil & Gas and gave the stock a hold rating in a research report on Monday, June 24th. TheStreet raised South Jersey Industries from a c+ rating to a b- rating in a research report on Tuesday, July 9th. Finally, Citigroup set a $12.00 target price on Avaya and gave the stock a hold rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Cabot Oil & Gas has an average rating of Buy and an average price target of $28.66.

Shares of NYSE:COG traded down $2.63 during trading on Friday, hitting $19.16. The stock had a trading volume of 22,653,470 shares, compared to its average volume of 4,508,060. Cabot Oil & Gas has a 12 month low of $19.04 and a 12 month high of $27.65. The company has a market cap of $8.11 billion, a P/E ratio of 16.96, a PEG ratio of 0.73 and a beta of 0.52. The company has a fifty day moving average of $23.38. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.83 and a quick ratio of 2.75.

Cabot Oil & Gas (NYSE:COG) last announced its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.05. Cabot Oil & Gas had a return on equity of 31.52% and a net margin of 29.81%. The firm had revenue of $534.12 million during the quarter, compared to analyst estimates of $476.10 million. During the same quarter in the prior year, the company earned $0.13 EPS. The business’s revenue was up 17.8% compared to the same quarter last year. As a group, equities analysts expect that Cabot Oil & Gas will post 1.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.88%. Cabot Oil & Gas’s payout ratio is currently 31.86%.

Several institutional investors have recently bought and sold shares of COG. Norges Bank purchased a new stake in shares of Cabot Oil & Gas in the 4th quarter worth approximately $76,512,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Cabot Oil & Gas during the 1st quarter valued at $63,479,000. Neuberger Berman Group LLC boosted its stake in Cabot Oil & Gas by 10.4% during the 1st quarter. Neuberger Berman Group LLC now owns 14,287,550 shares of the oil and gas exploration company’s stock valued at $372,905,000 after purchasing an additional 1,343,815 shares during the last quarter. WINTON GROUP Ltd boosted its stake in Cabot Oil & Gas by 4,915.8% during the 2nd quarter. WINTON GROUP Ltd now owns 895,824 shares of the oil and gas exploration company’s stock valued at $20,568,000 after purchasing an additional 877,964 shares during the last quarter. Finally, South Texas Money Management Ltd. purchased a new stake in Cabot Oil & Gas during the 1st quarter valued at $16,057,000. Institutional investors own 98.73% 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.

See Also: The mechanics of the bid-ask spread in trading

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Cabot Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.