Ownership Action To Observe: Cabot Oil & Gas Corp (NYSE:COG): Institutional Investor Sentiment Up to 1.4

November 28, 2016 - By Winifred Garcia   ·   0 Comments

Ownership Action To Observe: Cabot Oil & Gas Corp (NYSE:COG): Institutional Investor Sentiment Up to 1.4

Sentiment for Cabot Oil & Gas Corp (NYSE:COG)

Cabot Oil & Gas Corp (NYSE:COG) institutional sentiment increased to 1.4 in Q2 2016. Its up 0.18, from 1.22 in 2016Q1. The ratio is positive, as 203 funds started new and increased holdings, while 166 sold and reduced stock positions in Cabot Oil & Gas Corp. The funds in our partner’s database now hold: 434.93 million shares, down from 446.68 million shares in 2016Q1. Also, the number of funds holding Cabot Oil & Gas Corp in their top 10 holdings decreased from 13 to 9 for a decrease of 4. Sold All: 36 Reduced: 130 Increased: 144 New Position: 59.

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 $10.65 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.

About 168,387 shares traded hands. Cabot Oil & Gas Corporation (NYSE:COG) has risen 2.56% since April 25, 2016 and is uptrending. It has underperformed by 3.46% the S&P500.

Analysts await Cabot Oil & Gas Corporation (NYSE:COG) to report earnings on February, 17. They expect $0.03 EPS, up 250.00% or $0.05 from last year’s $-0.02 per share. COG’s profit will be $13.69M for 194.50 P/E if the $0.03 EPS becomes a reality. After $-0.05 actual EPS reported by Cabot Oil & Gas Corporation for the previous quarter, Wall Street now forecasts -160.00% EPS growth.

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.”

Cabot holds 20.69% of its portfolio in Cabot Oil & Gas Corporation for 951,778 shares. Bocage Capital Llc owns 476,846 shares or 7.71% of their US portfolio. Moreover, Sailingstone Capital Partners Llc has 7.02% invested in the company for 12.93 million shares. The North Carolina-based Chapter Iv Investors Llc has invested 4.28% in the stock. Scholtz & Company Llc, a Connecticut-based fund reported 147,245 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 sale for $75,750 net activity.

Cabot Oil & Gas Corporation (NYSE:COG) Ratings Coverage

Ratings analysis reveals 52% of Cabot Oil & Gas’s analysts are positive. Out of 21 Wall Street analysts rating Cabot Oil & Gas, 11 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $17 while the high is $39. The stock’s average target of $27.88 is 19.50% above today’s ($23.33) share price. COG was included in 52 notes of analysts from July 21, 2015. The firm earned “Hold” rating on Wednesday, February 3 by GMP Securities. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has “Buy” rating given on Monday, August 15 by Drexel Hamilton. Howard Weil maintained Cabot Oil & Gas Corporation (NYSE:COG) on Tuesday, October 27 with “Sector Perform” rating. Howard Weil upgraded Cabot Oil & Gas Corporation (NYSE:COG) on Thursday, August 11 to “Sector Outperform” rating. The rating was maintained by Topeka Capital Markets with “Buy” on Tuesday, February 23. The firm has “Equal Weight” rating by Barclays Capital given on Monday, May 2. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, April 26. The stock of Cabot Oil & Gas Corporation (NYSE:COG) earned “Neutral” rating by JP Morgan on Tuesday, March 15. The stock has “Buy” rating given by Drexel Hamilton on Thursday, February 18. The firm has “Hold” rating by SunTrust given on Thursday, October 20.

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.

More news for Cabot Oil & Gas Corporation (NYSE:COG) were recently published by: Prnewswire.com, which released: “Cabot Oil & Gas Corporation Provides Update on Atlantic Sunrise Project” on October 13, 2016. Nasdaq.com‘s article titled: “Cabot Oil & Gas Corporation (COG) Ex-Dividend Date Scheduled for November 08, 2016” and published on November 07, 2016 is yet another important article.

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By Winifred Garcia


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