Cabot Oil & Gas (COG) Cut to "Hold" at Zacks Investment Research

Jeannie Matthews
January 14, 2018

Cambridge Investment Research Advisors Inc. now owns 9,917 shares of the oil and gas exploration company's stock valued at $249,000 after acquiring an additional 271 shares during the period. The hedge fund held 13.86 million shares of the oil & gas production company at the end of 2017Q3, valued at $370.71M, down from 18.01M at the end of the previous reported quarter. However, the stock is trading at -2.23% versus recent highs ($29.57).

BB&T Corporation (NYSE:BBT) shares were trading higher by 0.53 percent ($0.27) at $51.5 a piece in Monday's session. It has underperformed by 9.54% the S&P500.

Pointstate Capital Lp decreased its stake in Cabot Oil & Gas Corp (COG) by 23.06% based on its latest 2017Q3 regulatory filing with the SEC. The consensus rating is 2.2, suggesting the market has given up on the stock. Finally, BMO Capital Markets set a $30.00 price target on shares of Cabot Oil & Gas and gave the company a buy rating in a report on Tuesday, October 10th. During the last 52 weeks, the price has been as high as $29.57 and as low as $20.55. About 4.23M shares traded.

Zacks Investment Research cut shares of Cabot Oil & Gas (NYSE:COG) from a strong-buy rating to a hold rating in a research note released on Thursday morning. Winslow Evans And Crocker owns 188 shares or 0% of their USA portfolio. 73 funds opened positions while 129 raised stakes. Lpl Fincl Ltd reported 0% stake.

Investors also need to beware of the Vale S.A. (NYSE:VALE) valuations. Gulf International Bank (Uk) has 0.04% invested in Kohl's Corporation (NYSE:KSS). Bokf Na owns 23,928 shares. First Midwest Bankshares Division holds 7,710 shares. North Star Investment Mngmt invested 0% of its portfolio in Kohl's Corporation (NYSE:KSS). Andra Ap invested in 113,200 shares. Florida-based Dreman Value Mgmt L L C has invested 0.31% in Kohl's Corporation (NYSE:KSS). Overall, the share price is up 8.91% year to date. Gateway Invest Advisers stated it has 0% in Kohl's Corporation (NYSE:KSS).

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In other Cabot Oil & Gas news, Chairman Dan O. Dinges sold 66,610 shares of the company's stock in a transaction that occurred on Thursday, November 2nd. Rampart Invest Com Limited Liability Com invested in 5,901 shares. The analyst recommendations from a month ago are 6 Buy, 0 Overweight, 1 Sell, 5 Hold and 0 Underweight. As per Tuesday, September 12, the company rating was maintained by Cowen & Co. Drexel Hamilton maintained it with "Buy" rating and $35 target in Monday, August 15 report. Robert W. Baird has "Hold" rating and $46.0 target. The rating was initiated by JP Morgan on Wednesday, December 9 with "Neutral". The stock of Kohl's Corporation (NYSE:KSS) has "Outperform" rating given on Friday, October 16 by Telsey Advisory Group. The stock of Kohl's Corporation (NYSE:KSS) has "Underweight" rating given on Friday, February 5 by Atlantic Securities. They expect $0.13 earnings per share, up 1,200.00% or $0.12 from last year's $0.01 per share. COG's profit will be $60.13 million for 56.00 P/E if the $0.13 EPS becomes a reality. The 1 year EPS growth rate is -231.70%.

Investors sentiment decreased to 1.07 in Q3 2017. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.64 and a quick ratio of 1.61. Given that liquidity is king in short-term, COG is a stock with 464.92 million shares outstanding that normally trades 4.03% of its float. Clearbridge Ltd Liability holds 0.83% or 1.44M shares in its portfolio. Cabot Oil & Gas Corporation (NYSE:COG) has risen 1.25% since January 10, 2017 and is uptrending.

Cabot Oil & Gas (COG) traded down $0.15 on Thursday, hitting $28.76. This is a positive change from Cabot Oil & Gas's previous quarterly dividend of $0.05. Goldman Sachs Gp Incorporated reported 2.99 million shares. More interesting news about Cabot Oil & Gas Corporation (NYSE:COG) was released by: Nasdaq.com and their article: "Commit To Purchase Cabot Oil & Gas Corp". Sumitomo Mitsui Trust Inc stated it has 0.05% of its portfolio in Cabot Oil & Gas Corporation (NYSE:COG). Mackenzie Financial has invested 0.07% in Cabot Oil & Gas Corporation (NYSE:COG). Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Cabot Oil & Gas by 11.5% in the 2nd quarter. Dalton Greiner Hartman Maher & has invested 0.95% in Cabot Oil & Gas Corporation (NYSE:COG). Robeco Institutional Asset Management B.V. increased its holdings in shares of Cabot Oil & Gas by 36.7% in the 2nd quarter.

In an overview of the current analyst recommendations, Buy count is 6 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 1 and 0, respectively. Therefore 67% are positive.

Heading into the stock price potential, Cabot Oil & Gas Corporation needs to grow just 10.69% to cross its median price target of $32. There are brokerage firms with lower targets than the average, including one setting a price target of $22. Cabot Oil & Gas had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with "Equal-Weight" on Thursday, September 1. The firm earned "Mkt Perform" rating on Tuesday, February 28 by Bernstein. Three analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company's stock. Williams Capital reiterated a hold rating and issued a $28.00 price target on shares of Cabot Oil & Gas in a report on Monday, October 9th. The company was downgraded on Tuesday, January 2 by Raymond James.

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