Aristotle Capital Management LLC recently announced the acquisition of new stake in Cabot Oil & Gas Corporation (NYSE:COG). The institutional investor has increased its shareholding in the Energy company by 0.39% to 36.79 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 9.23% valued currently at $687.98 million. In addition, Fidelity Management & Research Co.. raised its holdings by 3.99 million to 14.49 million shares. And Capital Research & Management Co.. has lifted its position by 20.06% or 1.8 million shares – to 10.8 million shares.
With over 4.68 million Cabot Oil & Gas Corporation (COG) shares trading Tuesday and a closing price of $18.59 on the day, the dollar volume was approximately $86.95 million. The shares have shown a negative weekly performance of -3.63% and its price on 09/01/20 lost nearly -2.00%. Currently, there are 398.58M common shares owned by the public and among those 390.57M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 27 analysts who have offered their price forecasts for COG have a consensus price objective of $22.56. The analysts have set the share’s price value over the next 12 months at a high of $29.00 and a low of $18.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Cabot Oil & Gas Corporation stock is 2.40 for the next 12 months. The average price target is 16.41% above its last price level and an upside to the estimated low will see the stock lose -3.28% over that period. But an upside of 35.9% will see the stock hit the forecast high price target while mean target price for the stock is $22.00.
Insiders at the company have transacted a total of 105 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 61 of these insider trades were purchases, accounting for 837,333 shares. Insider sales of the common stock occurred on 44 occasions, with total insider shares sold totaling 570,628 shares.
The top 3 mutual fund holders in Cabot Oil & Gas Corporation are Vanguard Total Stock Market Index, Vanguard Windsor Funds – Vanguard, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 11.35 million shares of the company’s stock, all valued at over $212.17 million. The company sold 6928.0 shares recently to bring their total holdings to about 2.85% of the shares outstanding. Vanguard 500 Index Fund sold 48907.0 shares to bring its total holdings to over 8.23 million shares at a value of $153.81 million. Vanguard 500 Index Fund now owns shares totaling to 2.06% of the shares outstanding.
Shares of Cabot Oil & Gas Corporation (NYSE: COG) opened at $18.57, down -$0.4 from a prior closing price of $18.97. However, the script later closed the day at $18.59, down -2.00%. The company’s stock has a 5-day price change of -3.63% and -8.65% over the past three months. COG shares are trading 6.78% year to date (YTD), with the 12-month market performance up to 9.22% higher. It has a 12-month low price of $13.06 and touched a high of $22.67 over the same period. Currently, 4.68 million shares have been traded, compared to an average intraday trading volume of 5.16 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.32%, 0.00%, and 4.92% respectively.
Institutional ownership of Cabot Oil & Gas Corporation (NYSE: COG) shares accounts for 97.50% of the company’s 398.58M shares outstanding. Mutual fund holders own 43.11%, while other institutional holders and individual stakeholders account for 52.70% and 3.45% respectively.
It has a market capitalization of $7.46B and a beta (3y monthly) value of 0.21. The stock’s trailing 12-month PE ratio is 23.53, while the earnings-per-share (ttm) stands at $0.79. The company has a PEG of 0.90 and a Quick Ratio of 1.20 with the debt-to-equity ratio at 0.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.74% over the week and 3.39% over the month.
Analysts forecast that Cabot Oil & Gas Corporation (COG) will achieve an EPS of $0.08 for the current quarter, $0.31 for the next quarter and $1.65 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of $0.25. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to increase by 33.80%, and 188.00% over the next financial year. EPS should shrink at an annualized rate of 26.12% over the next five years, compared to 45.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 27 brokerage firm advisors rate Cabot Oil & Gas Corporation (COG) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 12 Wall Street analysts polled rate the stock as a buy, while 11 of the 27 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the COG, a number of firms have released research notes about the stock. Credit Suisse stated their Neutral rating for the stock in a research note on August 05, 2020, with the firm’s price target at $21. Mizuho coverage for the Cabot Oil & Gas Corporation (COG) stock in a research note released on July 23, 2020 offered a Neutral rating with a price target of. Stifel was of a view on June 01, 2020 that the stock is Sell, while Tudor Pickering gave the stock Hold rating on May 11, 2020, issuing a price target of. Credit Suisse on their part issued Neutral rating on May 01, 2020.