Live Stock Coverage: After Today’s Huge Increase, Is Cabot Oil & Gas Corporation’s Near-Term Analysis Positive?

Live Stock Coverage: After Today's Huge Increase, Is Cabot Oil & Gas Corporation's Near Term Analysis Positive?

The stock of Cabot Oil & Gas Corporation (NYSE:COG) is a huge mover today! About 1.29 million shares traded hands. Cabot Oil & Gas Corporation (NYSE:COG) has risen 2.56% since April 25, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.
The move comes after 8 months positive chart setup for the $10.59 billion company. It was reported on Nov, 28 by Barchart.com. We have $24.83 PT which if reached, will make NYSE:COG worth $741.30M more.

Analysts await Cabot Oil & Gas Corporation (NYSE:COG) to report earnings on February, 17. They expect $0.03 earnings per share, up 250.00% or $0.05 from last year’s $-0.02 per share. COG’s profit will be $13.69M for 193.42 P/E if the $0.03 EPS becomes a reality. After $-0.05 actual earnings per share reported by Cabot Oil & Gas Corporation for the previous quarter, Wall Street now forecasts -160.00% EPS growth.

Cabot Oil & Gas Corporation (NYSE:COG) Ratings Coverage

Out of 21 analysts covering Cabot Oil & Gas (NYSE:COG), 11 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 52% are positive. Cabot Oil & Gas has been the topic of 52 analyst reports since July 21, 2015 according to StockzIntelligence Inc. GMP Securities reinitiated it with “Buy” rating and $39 target price in Wednesday, September 28 report. Cowen & Co upgraded Cabot Oil & Gas Corporation (NYSE:COG) on Tuesday, January 12 to “Outperform” rating. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has “Equal-Weight” rating given on Thursday, September 1 by Barclays Capital. The rating was downgraded by SunTrust to “Hold” on Thursday, October 20. The firm earned “Sector Outperform” rating on Thursday, August 11 by Howard Weil. As per Thursday, April 7, the company rating was maintained by Citigroup. Topeka Capital Markets maintained the stock with “Buy” rating in Tuesday, February 23 report. Topeka Capital Markets maintained the shares of COG in a report on Thursday, October 8 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, March 15 by JP Morgan. The rating was initiated by Williams Capital Group with “Buy” on Monday, August 29.

According to Zacks Investment Research, “Cabot Oil & Gas Corp. is an independent oil and gas company engaged in the exploration, development, acquisition and exploitation of oil and gas properties located in four areas of the United States: the onshore Texas and Louisiana Gulf Coast; the Rocky Mountains; Appalachia; and the Mid-Continent or Anadarko Basin.”

Insitutional Activity: The institutional sentiment increased to 1.4 in Q2 2016. Its up 0.18, from 1.22 in 2016Q1. The ratio increased, as 36 funds sold all Cabot Oil & Gas Corporation shares owned while 130 reduced positions. 59 funds bought stakes while 144 increased positions. They now own 434.93 million shares or 2.63% less from 446.68 million shares in 2016Q1.
Primecap Mngmt Ca owns 2.71M shares or 0.07% of their US portfolio. Hartford Management has invested 0.01% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG). The Manitoba – Canada-based Great West Life Assurance Can has invested 0.02% in Cabot Oil & Gas Corporation (NYSE:COG). Alliancebernstein L P holds 0.02% or 809,336 shares in its portfolio. Moreover, Cwm Ltd Co has 0.08% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 40,729 shares. Da Davidson & last reported 0.01% of its portfolio in the stock. Moreover, Metropolitan Life Ins Ny has 0.05% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 256,117 shares. Mitsubishi Ufj Tru Bk Corp, a Japan-based fund reported 908,503 shares. Guggenheim Ltd Liability Co, a Illinois-based fund reported 1.26 million shares. Fiduciary Tru holds 0.65% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG) for 718,761 shares. Pioneer holds 0.61% or 6.56 million shares in its portfolio. Thompson Davis & Com last reported 59 shares in the company. Vollero Beach Prtn Limited Liability Company, a New York-based fund reported 402,436 shares. Sandhill Capital Prns Lc has invested 0.25% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG). Jfs Wealth Ltd Company has invested 0% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG).

Insider Transactions: Since September 13, 2016, the stock had 0 insider buys, and 1 insider sale for $75,750 net activity. Cunningham George Kevin had sold 3,000 shares worth $75,750.

Another recent and important Cabot Oil & Gas Corporation (NYSE:COG) news was published by Nasdaq.com which published an article titled: “Cabot Oil & Gas Corporation (COG) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016.

COG Company Profile

Cabot Oil & Gas Corporation, incorporated on December 14, 1989, is an independent gas and oil firm engaged in the development, exploitation and exploration of gas and oil properties. The Firm operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. The Company’s assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs. The Company’s exploration, development and production activities are primarily concentrated in two unconventional plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. The Firm also has activities in various other unconventional and conventional plays throughout the continental United States. It has activities in Houston, Texas and Pittsburgh, Pennsylvania.

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