Cabot Oil & Gas Corporation (NYSE: COG) is 7.00% higher on its value in year-to-date trading and has touched a low of $13.06 and a high of $22.67 in the current 52-week trading range. The COG stock was last observed hovering at around $17.07 in the last trading session, with the day’s gains setting it 0.35% off its average median price target of $21.00 for the next 12 months. It is also 35.48% off the consensus price target high of $27.00 offered by 28 analysts, but current levels are 3.22% higher than the price target low of $18.00 for the same period.
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Currently trading at $17.42, the stock is 3.34% and 1.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.48 million and changing 2.05% at the moment leaves the stock -5.67% off its SMA200. COG registered 3.38% gain for a year compared to 6-month loss of 2.29%. The firm has a 50-day simple moving average (SMA 50) of $16.97 and a 200-day simple moving average (SMA200) of $18.07.
The stock witnessed a 5.38% gain in the last 1 month and extending the period to 3 months gives it a -4.60%, and is 5.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.65% over the week and 3.47% over the month.
Cabot Oil & Gas Corporation (COG) has around 274 employees, a market worth around $7.02B and $1.47B in sales. Current P/E ratio is 32.62 and Fwd P/E is 9.71. Profit margin for the company is 14.70%. Distance from 52-week low is 33.38% and -23.16% from its 52-week high. The company has generated returns on investments over the last 12 months (21.80%).
Cabot Oil & Gas Corporation (COG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cabot Oil & Gas Corporation (COG) is a “Overweight”. 28 analysts offering their recommendations for the stock have an average rating of 2.20, where 11 rate it as a Hold and 3 think it is a “Overweight”. 13 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Cabot Oil & Gas Corporation is expected to release its quarterly report on 04/23/2021 and quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $440.35M over the same period.The EPS is expected to grow by 33.80% this year, but quarterly earnings will post -29.80% year-over-year. Quarterly sales are estimated to shrink -4.60% in year-over-year returns.
Cabot Oil & Gas Corporation (COG) Top Institutional Holders
739 institutions hold shares in Cabot Oil & Gas Corporation (COG), with 8.02M shares held by insiders accounting for 2.01% while institutional investors hold 102.81% of the company’s shares. The shares outstanding are 398.58M, and float is at 390.56M with Short Float at 4.60%. Institutions hold 100.75% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 43.98 million shares valued at $763.48 million. The investor’s holdings represent 11.03% of the COG Shares outstanding. As of Sep 29, 2020, the second largest holder is Aristotle Capital Management, LLC with 37.58 million shares valued at $652.45 million to account for 9.43% of the shares outstanding. The other top investors are Blackrock Inc. which holds 28.58 million shares representing 7.17% and valued at over $496.07 million, while State Street Corporation holds 6.42% of the shares totaling 25.59 million with a market value of $444.26 million.
Cabot Oil & Gas Corporation (COG) Insider Activity
A total of 32 insider transactions have happened at Cabot Oil & Gas Corporation (COG) in the last six months, with sales accounting for 16 and purchases happening 16 times. The most recent transaction is an insider sale by HUTTON JEFFREY W, the company’s Sr. Vice President, Marketing. SEC filings show that HUTTON JEFFREY W sold 75,000 shares of the company’s common stock on Dec 30 at a price of $16.49 per share for a total of $1.24 million. Following the sale, the insider now owns 0.25 million shares.
Cabot Oil & Gas Corporation disclosed in a document filed with the SEC on Dec 18 that Shearer Deidre L (Vice Pres, Admin & Corp Sec) sold a total of 532 shares of the company’s common stock. The trade occurred on Dec 18 and was made at $16.80 per share for $8935.0. Following the transaction, the insider now directly holds 48856.0 shares of the COG stock.
Still, SEC filings show that on Sep 15, Cunningham George Kevin (Vice Pres. & General Counsel) disposed off 54,230 shares at an average price of $18.71 for $1.01 million. The insider now directly holds 52,491 shares of Cabot Oil & Gas Corporation (COG).
Cabot Oil & Gas Corporation (COG): Who are the competitors?
The company’s main competitors (and peers) include EOG Resources Inc. (EOG) that is trading -32.88% down over the past 12 months. Antero Resources Corporation (AR) is 143.53% up on the 1-year trading charts. Short interest in the company’s stock has risen 4.0% from the last report on Nov 12, 2020 to stand at a total of 17.26 million short shares sold with a short interest ratio of 2.79.