News articles about Cabot Oil & Gas Corporation (NYSE:COG) have been trending somewhat positive this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. AlphaOne 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 news sentiment score of 0.10 on AlphaOne’s scale. AlphaOne also assigned media stories about the oil and gas exploration company an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Alpha One’s rankings:
- Hot Stocks: Cabot Oil & Gas Corporation (NYSE:COG), Mondelez International Inc (NASDAQ:MDLZ) – Stocks In Focus (press release) (nysetradingupdates.com)
- The Cabot Oil & Gas Co. (COG) Position Decreased by Sei Investments Co (badhub.net)
- FY2017 Earnings Forecast for Cabot Oil & Gas Corporation Issued By Williams Capital (COG) (americanbankingnews.com)
- Cabot Oil & Gas Corporation (COG) Short Interest Down 18.7% in May (americanbankingnews.com)
- Cabot Oil & Gas Corporation (COG) Upgraded to Outperform at Macquarie (badhub.net)
Shares of Cabot Oil & Gas Corporation (NYSE COG) traded down 0.94% during midday trading on Friday, reaching $23.12. The company’s stock had a trading volume of 9,137,462 shares. The stock’s market capitalization is $10.76 billion. Cabot Oil & Gas Corporation has a 52 week low of $20.02 and a 52 week high of $26.74. The stock has a 50-day moving average price of $23.23 and a 200 day moving average price of $23.08.
Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings data on Friday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $464.45 million. Cabot Oil & Gas Corporation had a positive return on equity of 1.05% and a negative net margin of 18.70%. The business’s revenue for the quarter was up 83.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) earnings per share. Equities analysts forecast that Cabot Oil & Gas Corporation will post $0.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were given a dividend of $0.05 per share. This is a boost from Cabot Oil & Gas Corporation’s previous quarterly dividend of $0.02. The ex-dividend date was Monday, May 15th. This represents a $0.20 dividend on an annualized basis and a yield of 0.87%. Cabot Oil & Gas Corporation’s dividend payout ratio (DPR) is presently -35.71%.
A number of brokerages recently weighed in on COG. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Monday, May 15th. Jefferies Group LLC set a $23.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “hold” rating in a report on Wednesday, May 17th. Scotiabank set a $29.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Saturday, February 25th. Bank of America Corporation raised Cabot Oil & Gas Corporation from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $25.00 to $28.00 in a report on Thursday, May 11th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.58.
In related news, insider Todd M. Roemer sold 3,737 shares of Cabot Oil & Gas Corporation stock in a transaction on Friday, May 5th. The stock was sold at an average price of $24.12, for a total transaction of $90,136.44. Following the completion of the sale, the insider now owns 62,453 shares of the company’s stock, valued at $1,506,366.36. The transaction was disclosed in a legal filing with the SEC, which is available 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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