Cabot Oil & Gas Corporation (NYSE:COG) Valuation & Technicals Update

Friday, 12 Jan, 2018

Cibc Asset Management Inc bought 30,635 shares as the company's stock rose 1.60% with the market. The firm primarily focuses on the Marcellus Shale with approximately 179,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 84,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas. It now has negative earnings. The disclosure for this purchase can be found here. After $0.06 actual EPS reported by Cabot Oil & Gas Corporation for the previous quarter, Wall Street now forecasts 116.67% EPS growth. The institutional investor held 15,290 shares of the major banks company at the end of 2017Q3, valued at $811,000, down from 75,800 at the end of the previous reported quarter. At the current valuation, this equates to a dividend yield of 0.86%.Stock's free cash flow yield, which represents the amount of cash available to investors before dividends, expressed as a percentage of the stock price, is 0. About 518,101 shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 13.98% since January 12, 2017 and is uptrending. It has underperformed by 38.11% the S&P500. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Therefore 67% are positive.

COG has been the topic of several recent analyst reports. Citigroup initiated the stock with "Sell" rating in Thursday, November 12 report. As per Wednesday, December 13, the company rating was downgraded by J.P. Morgan. The rating was maintained by Keefe Bruyette & Woods on Tuesday, September 12 with "Hold". On Monday, May 1 the stock rating was maintained by Williams Capital Group with "Buy". Morgan Stanley maintained the stock with "Equal-Weight" rating in Tuesday, April 26 report. (NYSE:IT) earned "Outperform" rating by RBC Capital Markets on Friday, January 6. The firm has "Buy" rating given on Wednesday, September 28 by GMP Securities. The company have shares float of 318.25 million. The CyberKnife System automatically tracks, detects, and corrects for tumor and patient movement in real-time during the procedure, as well as enables the delivery of precise, high dose radiation while patients breathe normally. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Another trade for 99,136 shares valued at $419,881 was sold by Londy Kelly.

Investors sentiment decreased to 1.07 in Q3 2017. Looking at some alternate time periods, the 12 month price index is 1.30964, the 24 month is 1.74970, and the 36 month is 0.96805. It worsened, as 39 investors sold COG shares while 160 reduced holdings. 19 funds opened positions while 29 raised stakes.

Bares Capital Management Inc. holds 6.39% of its portfolio in Gartner, Inc. for 1.14 million shares. 46,300 were accumulated by California Public Employees Retirement. Endurance Wealth Management Incorporated has 0% invested in Annaly Capital Management, Inc. Interest Ltd Ca holds 220,334 shares. Citadel Advsr Llc has invested 0% in Accuray Incorporated (NASDAQ:ARAY). Moreover, Dimensional Fund Advsrs Ltd Partnership has 0% invested in Ambarella, Inc. Cwm Ltd Com has invested 0% in Accuray Incorporated (NASDAQ:ARAY). Magnetar Finance Lc accumulated 50,816 shares. Spears Abacus Advsrs Limited Liability Co stated it has 10,000 shares. Cap Advisors Limited Liability Co, Georgia-based fund reported 30,360 shares. Vanguard Group Inc. now owns 47,590,931 shares of the oil and gas exploration company's stock valued at $1,193,580,000 after acquiring an additional 1,095,069 shares during the period.

Investors may be interested in viewing the Gross Margin score on shares of Cabot Oil & Gas Corporation (NYSE:COG).

Cabot Oil & Gas Corporation (NYSE:COG) received a Buy rating from 1 analysts. The lowest target is $108.0 while the high is $115.0. The stock's average target of $26.33 is -5.83% below today's ($27.96) share price. COG was included in 9 notes of analysts from August 29, 2016.

Cabot Oil & Gas Corporation (COG) pays out an annual dividend of 0.24 per share. The firm earned "Mkt Perform" rating on Tuesday, February 28 by Bernstein. The firm has "Overweight" rating by Barclays Capital given on Monday, January 9. The stock has a consensus rating of Hold and an average price target of $30.95. The rating was maintained by Stephens on Monday, January 8 with "Hold". Huntington Bank owns 0% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 1,804 shares.

Analysts await Cabot Oil & Gas Corporation (NYSE:COG) to report earnings on February, 23. They expect $0.91 earnings per share, up 18.18% or $0.14 from last year's $0.77 per share. COG's profit will be $60.13M for 53.77 P/E if the $0.13 EPS becomes a reality. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.08 by ($0.01). The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49. The firm owned $79.67 million shares of the company's stock after selling 557945 shares during the period. Cabot Oil & Gas has a 52-week low of $20.55 and a 52-week high of $29.57. It has underperformed by 15.45% the S&P500. Finally, State Street Corp grew its position in shares of Cabot Oil & Gas by 0.6% in the 2nd quarter. Stelliam Investment Management Lp owns 11.74 million shares or 9.57% of their United States portfolio. Robeco Institutional Asset Management B.V. now owns 49,931 shares of the oil and gas exploration company's stock valued at $1,252,000 after acquiring an additional 13,397 shares during the period. Pnc Svcs Gru has 0% invested in Annaly Capital Management, Inc. 435.56 million shares or 1.02% less from 440.03 million shares in 2017Q2 were reported.