Cabot Oil & Gas Co. (NYSE:COG) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 30,430,000 shares, a growth of 11.4% from the January 15th total of 27,310,000 shares. Approximately 7.6% of the shares of the company are short sold. Based on an average trading volume of 8,090,000 shares, the days-to-cover ratio is currently 3.8 days.
Shares of Cabot Oil & Gas stock traded down $0.27 during trading on Friday, hitting $14.80. The stock had a trading volume of 5,698,300 shares, compared to its average volume of 7,853,461. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.43 and a quick ratio of 1.37. The firm has a market cap of $6.19 billion, a P/E ratio of 7.75 and a beta of 0.47. The business has a fifty day moving average of $15.95 and a two-hundred day moving average of $17.10. Cabot Oil & Gas has a fifty-two week low of $14.02 and a fifty-two week high of $27.65.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were issued a $0.10 dividend. The ex-dividend date was Thursday, January 23rd. This represents a $0.40 annualized dividend and a dividend yield of 2.70%. Cabot Oil & Gas’s dividend payout ratio (DPR) is 35.40%.
Institutional investors have recently made changes to their positions in the company. Quest Capital Management Inc. ADV acquired a new stake in shares of Cabot Oil & Gas in the third quarter valued at $37,000. Penserra Capital Management LLC lifted its holdings in shares of Cabot Oil & Gas by 68.4% in the third quarter. Penserra Capital Management LLC now owns 2,240 shares of the oil and gas exploration company’s stock valued at $39,000 after buying an additional 910 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Cabot Oil & Gas in the fourth quarter valued at $54,000. Assetmark Inc. acquired a new stake in shares of Cabot Oil & Gas in the fourth quarter valued at $61,000. Finally, Rational Advisors LLC lifted its holdings in shares of Cabot Oil & Gas by 61.2% in the third quarter. Rational Advisors LLC now owns 3,576 shares of the oil and gas exploration company’s stock valued at $63,000 after buying an additional 1,357 shares during the period. Institutional investors and hedge funds own 95.25% of the company’s stock.
COG has been the subject of a number of analyst reports. ValuEngine upgraded Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Citigroup initiated coverage on Cabot Oil & Gas in a research report on Tuesday, November 26th. They set a “buy” rating and a $22.00 price target for the company. UBS Group reduced their price target on Cabot Oil & Gas from $23.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Stifel Nicolaus reduced their price target on Cabot Oil & Gas from $16.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, January 27th. Finally, Wells Fargo & Co reduced their price target on Cabot Oil & Gas from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $21.08.
About Cabot Oil & Gas
Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.
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