Cabot Oil & Gas (NYSE:COG) PT Lowered to $19.00 at Morgan Stanley

Cabot Oil & Gas (NYSE:COG) had its price target cut by Morgan Stanley from $20.00 to $19.00 in a research report released on Friday, BenzingaRatingsTable reports. They currently have an equal weight rating on the oil and gas exploration company’s stock.

Several other analysts have also issued reports on the company. CSFB lowered Cabot Oil & Gas from an outperform rating to a neutral rating and upped their target price for the stock from $20.00 to $21.00 in a research note on Friday, May 1st. ValuEngine raised Cabot Oil & Gas from a sell rating to a hold rating in a research note on Thursday, April 2nd. Raymond James raised Cabot Oil & Gas from a market perform rating to an outperform rating and set a $24.00 target price for the company in a research note on Tuesday, March 17th. Susquehanna Bancshares raised Cabot Oil & Gas from a neutral rating to a positive rating and set a $22.00 target price for the company in a research note on Monday, March 16th. Finally, Bank of America lowered Cabot Oil & Gas from a neutral rating to an underperform rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. Cabot Oil & Gas currently has an average rating of Hold and an average target price of $21.00.

Shares of NYSE COG opened at $17.06 on Friday. Cabot Oil & Gas has a 12 month low of $13.06 and a 12 month high of $24.12. The company has a current ratio of 1.40, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 14.83 and a beta of 0.24. The business has a 50-day moving average of $19.15 and a 200-day moving average of $17.50.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas exploration company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.04. Cabot Oil & Gas had a return on equity of 18.70% and a net margin of 26.07%. The company had revenue of $386.46 million during the quarter, compared to analyst estimates of $383.19 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Cabot Oil & Gas’s revenue was down 39.8% on a year-over-year basis. On average, analysts predict that Cabot Oil & Gas will post 0.61 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Cabot Oil & Gas by 1.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 38,313 shares of the oil and gas exploration company’s stock valued at $659,000 after acquiring an additional 510 shares in the last quarter. CSat Investment Advisory L.P. raised its holdings in shares of Cabot Oil & Gas by 12.5% during the first quarter. CSat Investment Advisory L.P. now owns 4,790 shares of the oil and gas exploration company’s stock valued at $83,000 after acquiring an additional 534 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of Cabot Oil & Gas by 1.5% during the first quarter. Eagle Asset Management Inc. now owns 35,336 shares of the oil and gas exploration company’s stock valued at $607,000 after acquiring an additional 536 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of Cabot Oil & Gas by 2.0% during the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 35,104 shares of the oil and gas exploration company’s stock valued at $603,000 after acquiring an additional 685 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Cabot Oil & Gas by 0.4% during the first quarter. Victory Capital Management Inc. now owns 219,627 shares of the oil and gas exploration company’s stock valued at $3,775,000 after acquiring an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 94.49% 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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