The stock of Cabot Oil & Gas Corporation (NYSE:COG) is a huge mover today! About 2.44M shares traded hands. Cabot Oil & Gas Corporation (NYSE:COG) has declined 5.65% since April 13, 2016 and is downtrending. It has underperformed by 9.57% the S&P500.
The move comes after 6 months positive chart setup for the $10.59B company. It was reported on Nov, 15 by Barchart.com. We have $31.94 PT which if reached, will make NYSE:COG worth $4.66B more.
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. As per Tuesday, February 2, the company rating was initiated by RBC Capital Markets. The rating was initiated by Drexel Hamilton on Thursday, February 18 with “Buy”. On Wednesday, December 9 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by JP Morgan with “Neutral” on Tuesday, March 15. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has “Equal-Weight” rating given on Thursday, September 1 by Barclays Capital. The stock of Cabot Oil & Gas Corporation (NYSE:COG) earned “Buy” rating by Williams Capital Group on Monday, August 29. Citigroup maintained the shares of COG in a report on Monday, September 14 with “Neutral” rating. The rating was maintained by Drexel Hamilton on Monday, August 15 with “Buy”. The rating was maintained by Topeka Capital Markets on Tuesday, February 23 with “Buy”. The firm earned “Buy” rating on Wednesday, September 28 by GMP Securities.
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 decreased to 1.22 in 2016 Q2. Its down 0.39, from 1.61 in 2016Q1. The ratio dropped, 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.
The New York-based Knott David M has invested 0% in Cabot Oil & Gas Corporation (NYSE:COG). Texan Capital Mngmt accumulated 116,542 shares or 1.38% of the stock. New York State Common Retirement Fund owns 1.10M shares or 0.04% of their US portfolio. Hartford Fin Mgmt reported 880 shares or 0.01% of all its holdings. Norinchukin Bankshares The holds 0.02% or 24,391 shares in its portfolio. The California-based Schwab Charles has invested 0.04% in Cabot Oil & Gas Corporation (NYSE:COG). Next Financial Group Inc last reported 0% of its portfolio in the stock. Boston Private Wealth Lc last reported 132,840 shares in the company. Guggenheim Cap Limited Liability Com has invested 0.1% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG). Comerica Bancorporation last reported 0.03% of its portfolio in the stock. Mitsubishi Ufj And Corp reported 908,503 shares or 0.05% of all its holdings. Moreover, Dai Ichi Life Insurance Communication has 0.05% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 65,353 shares. D E Shaw & accumulated 1.17 million shares or 0.06% of the stock. Millennium Management has 2.12M shares for 0.12% of their US portfolio. Neuberger Berman Grp Ltd accumulated 9.34M shares or 0.33% of the stock.
Insider Transactions: Since September 13, 2016, the stock had 0 insider buys, and 1 insider sale for $75,750 net activity. Cunningham George Kevin sold $75,750 worth of Cabot Oil & Gas Corporation (NYSE:COG) on Tuesday, September 13.
More recent Cabot Oil & Gas Corporation (NYSE:COG) news were published by: Prnewswire.com which released: “Cabot Oil & Gas Corporation Declares Dividend” on October 27, 2016. Also Nasdaq.com published the news titled: “Cabot Oil & Gas Corporation (COG) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016. Prnewswire.com‘s news article titled: “Research Reports on Oil & Gas Equities — Cabot Oil & Gas, Devon Energy …” with publication date: November 14, 2016 was also an interesting one.
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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