Could Cabot Oil & Gas Corporation Gain Strenght? Option Traders Don’t Think So

 Could Cabot Oil & Gas Corporation Gain Strenght? Option Traders Don't Think So

In today’s session Cabot Oil & Gas Corporation (COG) recorded an unusually high (1,170) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious COG decrease. With 1,170 contracts traded and 1404 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: COG161216P00022000 closed last at: $0.6 or 9.1% up. About 1.54M shares traded hands. Cabot Oil & Gas Corporation (NYSE:COG) has declined 6.19% since April 28, 2016 and is downtrending. It has underperformed by 12.12% the S&P500.

Analysts await Cabot Oil & Gas Corporation (NYSE:COG) to report earnings on February, 17. They expect $0.03 earnings per share, up 250.00% or $0.05 from last year’s $-0.02 per share. COG’s profit will be $13.39M for 190.08 P/E if the $0.03 EPS becomes a reality. After $-0.05 actual earnings per share reported by Cabot Oil & Gas Corporation for the previous quarter, Wall Street now forecasts -160.00% EPS growth.

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. $39 is the highest target while $17 is the lowest. The $27.88 average target is 22.28% above today’s ($22.8) stock price. Cabot Oil & Gas has been the topic of 52 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Topeka Capital Markets maintained Cabot Oil & Gas Corporation (NYSE:COG) rating on Tuesday, January 19. Topeka Capital Markets has “Buy” rating and $25.0 price target. The firm has “Equal-Weight” rating given on Tuesday, April 26 by Morgan Stanley. Howard Weil maintained Cabot Oil & Gas Corporation (NYSE:COG) on Tuesday, October 27 with “Sector Perform” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, September 1 report. The firm has “Buy” rating by GMP Securities given on Wednesday, September 28. As per Friday, April 15, the company rating was downgraded by Tudor Pickering. The stock has “Sector Outperform” rating given by Howard Weil on Thursday, August 11. As per Tuesday, February 23, the company rating was maintained by Topeka Capital Markets. The firm has “Hold” rating by Deutsche Bank given on Tuesday, June 14. The firm has “Hold” rating given on Wednesday, February 3 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 increased to 1.4 in Q2 2016. Its up 0.18, from 1.22 in 2016Q1. The ratio improved, 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.
Paradigm Asset Mgmt Communication last reported 0% of its portfolio in the stock. Evercore Wealth Management Limited Com accumulated 0.06% or 54,725 shares. Emerald Advisers Pa, a Pennsylvania-based fund reported 35,233 shares. Msd Prtn Limited Partnership has 0.98% invested in the company for 586,160 shares. Piedmont Invest Advisors Limited Liability Company accumulated 3 shares or 0% of the stock. Moreover, Zimmer Limited Partnership has 1.44% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 1.88M shares. State Of Tennessee Treasury Department, a Tennessee-based fund reported 326,606 shares. Victory Management Inc owns 5,935 shares or 0% of their US portfolio. Dimensional Fund Advsr L P accumulated 0.02% or 1.30 million shares. Morgan Stanley holds 0.01% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG) for 1.14 million shares. Moreover, X Ltd Liability Com has 0% invested in Cabot Oil & Gas Corporation (NYSE:COG) for 2,646 shares. Point72 Asset Management Ltd Partnership last reported 0.32% of its portfolio in the stock. Whittier Trust Commerce has invested 0% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG). State Teachers Retirement Sys accumulated 885,776 shares or 0.06% of the stock. The Nebraska-based Cwm Ltd Liability has invested 0.08% in Cabot Oil & Gas Corporation (NYSE:COG).

Insider Transactions: Since September 13, 2016, the stock had 0 buys, and 1 insider sale for $75,750 net activity. Shares for $75,750 were sold by Cunningham George Kevin.

Cabot Oil & Gas Corporation is an independent gas and oil firm engaged in the development, exploitation and exploration of gas and oil properties. The company has a market cap of $10.17 billion. The Firm operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. It currently has negative earnings. The Company’s assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

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.

Another recent and important Cabot Oil & Gas Corporation (NYSE:COG) news was published by Nasdaq.com which published an article titled: “Cabot Oil & Gas Corporation (COG) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016.

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