Cabot Oil & Gas Corporation (COG) was Downgraded by Tudor Pickering to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Tudor Pickering advised their investors in a research report released on Apr 15, 2016.
Many Wall Street Analysts have commented on Cabot Oil & Gas Corporation. Company shares were Reiterated by Topeka Capital Markets on Feb 23, 2016 to “Buy”, Firm has raised the Price Target to $ 27 from a previous price target of $25 .Company shares were Reiterated by Barclays on Feb 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 19 from a previous price target of $18 .Cabot Oil & Gas Corporation was Initiated by Drexel Hamilton to “Buy” on Feb 18, 2016.
On the company’s financial health, Cabot Oil & Gas Corporation reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 19, 2016. Analyst had a consensus of $-0.07. The company had revenue of $280.80 million for the quarter, compared to analysts expectations of $326.73 million. The company’s revenue was down -54.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.
Cabot Oil & Gas Corporation closed down -0.57 points or -2.43% at $22.91 with 55,25,024 shares getting traded on Monday. Post opening the session at $23.49, the shares hit an intraday low of $22.76 and an intraday high of $23.83 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Dec 29, 2015, George Kevin Cunningham (Vice Pres. & General Counsel) sold 5,670 shares at $17.16 per share price. According to the SEC, on Aug 21, 2015, Robert L Keiser (director) purchased 450 shares at $25.42 per share price. On May 1, 2015, Scott C Schroeder (Executive Vice President & CFO) sold 26,316 shares at $33.76 per share price, according to the Form-4 filing with the securities and exchange commission.
Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development exploitation and exploration of oil and gas properties. The Company’s exploration development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. The Company’s Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County Pennsylvania. The Company’s properties in the Eagle Ford Shale are principally located in Atascosa Frio and La Salle Counties Texas. The Company also has operations in various other unconventional and conventional plays throughout the continental United States including the Utica Shale in Pennsylvania; the Cotton Valley Haynesville Bossier and James Lime formations in east Texas and the Devonian Shale Big Lime Weir and Berea in West Virginia.