Cabot Oil & Gas (NYSE: COG) announced its quarterly earnings data on Thursday. The oil and gas exploration company reported earnings per share (EPS) of $ 0.38 for the quarter, beating the Thomson Reuters consensus estimate of $ 0.33 by $ 0.05, MarketWatch earnings reports. Cabot Oil & Gas recorded a return on equity of 8.84% and a net margin of 16.73%.
Actions of NYSE: COG traded down $ 0.39 when trading Friday, to hit $ 16.67. The stock had a trading volume of 11,185,271 shares, compared to its average volume of 5,932,886. Cabot Oil & Gas has a 52-week low of $ 15.76 and a 52-week high of 22.67 $. The company’s 50-day mobile average price is $ 17.83, and its 200-day mobile average price is $ 17.85. The company has a leverage ratio of 0.46, a current ratio of 0.84, and a quick ratio of 0.80. The stock has a market cap of $ 6.66 billion, a PE ratio of 26.89 and a beta of 0.16.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 27. Shareholders of record on Thursday, May 13 will receive a dividend of $ 0.11. This represents a dividend of $ 0.44 on an annualized basis and a dividend yield of 2.64%. This is a boost from Cabot Oil & Gas’ previous quarterly dividend of $ 0.10. Cabot Oil & Gas’ payout ratio is 24.69%.
Several analysts recently published reports on the company. TD Securities lowered its price target on Cabot Oil & Gas from $ 19.00 to $ 18.50 and established a “hold” rating for the company in a report on Tuesday March 2. JPMorgan Chase & Co. downgraded Cabot Oil & Gas shares from “overweight” to “neutral” and set a target price of $ 20.00 on the share. in a research report on Wednesday, February 3. They noted that the move was an appraisal call. Zacks investment research raised Cabot Oil & Gas shares from a “sell” rating to a “hold” rating and set a target price of $ 20.00 on the stock in a research report on Wednesday, April 7. Wolfe Research reissued a “peer performance” rating and set a price target of $ 22.00 on Cabot Oil & Gas shares in a research report Thursday. Finally, BMO Capital Markets reissued a “market yield” rating and set a target price of $ 19.00 (vs. $ 20.00) on Cabot Oil & Gas shares in a research report Monday. Two equity research analysts rated the stock with a sell rating, twelve gave the stock a sustaining rating, and four rated the stock. Cabot Oil & Gas currently has a consensus rating of “Hold” and an average target price of $ 20.21.
Meanwhile, Treasurer Matthew P. Kerin sold 19,000 Cabot Oil & Gas shares in a transaction that took place on Thursday, March 11. The shares were sold for an average price of $ 19.40, for a total value of $ 368,600.00. Additionally, insider Steven W. Lindeman sold 35,500 shares of Cabot Oil & Gas in a trade that took place on Thursday, March 11. The shares were sold for an average price of $ 19.34, for a total transaction of $ 686,570.00. Insiders own 2.10% of the shares of the company.
About Cabot Oil & Gas
Cabot Oil & Gas Corporation, an independent oil and gas company, explores, operates, develops, produces and markets oil and gas properties in the United States. It focuses primarily on the Marcellus Shale with approximately 175,000 net acres in the dry gas window of the area located in Susquehanna County, Pennsylvania.
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