Accelerating Growth & Analysts Upside Potential For Cabot Oil & Gas Corporation (NYSE:COG)

The institutional investor held 39,031 shares of the consumer electronics and appliances company at the end of 2016Q4, valued at $7.09 million, up from 36,384 at the end of the previous reported quarter.

04/21/2017 - Cabot Oil & Gas Corporation was downgraded to "outperform" by analysts at Raymond James.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cabot Oil & Gas Co. has a 12-month low of $20.02 and a 12-month high of $26.74. They now have a United States dollars 35 price target on the stock. On Thursday, August 13 the stock rating was maintained by Deutsche Bank with "Hold". Finally, Capstone Investment Advisors LLC purchased a new position in shares of Cabot Corporation during the fourth quarter valued at $338,000. The stock decreased 0.19% or $0.37 during the last trading session, reaching $190.61. Crestwood Advisors Group LLC acquired a new position in Cabot Oil & Gas Co. during the first quarter valued at about $167,000. OppenheimerFunds Inc. now owns 24,532 shares of the oil and gas exploration company's stock worth $587,000 after buying an additional 455 shares during the period. SunTrust Banks, Inc. began coverage on Cabot Corporation in a research note on Tuesday, April 18th. Another trade for 7,000 shares valued at $404,530 was made by Cross Nicholas S. on Monday, February 6.

Cabot Corporation (NYSE:CBT) last issued its quarterly earnings data on Monday, May 1st. 5,908,556 shares of the stock were exchanged.

This stock is ahead of its 52-week low with +13.79%. The firm's 50-day moving average price is $54.14 and its 200 day moving average price is $55.36. The firm has a market capitalization of $3.37 billion, a P/E ratio of 14.44 and a beta of 1.08. The oil and gas exploration company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $678 million for the quarter, compared to analyst estimates of $637.57 million. Cabot Corporation had a net margin of 9.33% and a return on equity of 16.83%. The company's quarterly revenue was up 19.4% compared to the same quarter a year ago.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, COG earned gross profit of 1.65 Billion, in 2015 776.16 Million gross profit, while in 2016 Cabot Oil & Gas Corporation (COG) produced 607.65 Million profit.

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.87%. This is a boost from Cabot Corporation's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, May 24th. Cabot Corporation's dividend payout ratio (DPR) is now 33.69%.

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News coverage about Cabot Corporation (NYSE:CBT) has trended somewhat positive this week, according to Alpha One. The stock presently has a consensus rating of "Buy" and an average target price of $29.58. Jefferies Group LLC set a $68.00 price target on shares of Cabot Corporation and gave the company a "buy" rating in a research report on Thursday.

Among 19 analysts covering Blackberry (NASDAQ:BBRY), 2 have Buy rating, 3 Sell and 14 Hold. 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. This ratio has been calculated by dividing the current share price by the book value per share. The shares were sold at an average price of $24.12, for a total value of $90,136.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Parkwood Limited Liability invested 0.69% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG).

02/06/2017 - Cabot Oil & Gas Corporation was upgraded to "overweight" by analysts at JP Morgan. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

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