Cabot Oil & Gas Corporation (NYSE:COG) announced that its Board of Directors declared a regular dividend of two cents ($0.02) per share on the Company’s common stock. The dividend will be paid August 19, 2015 to all shareholders of record as of the close of business August 5, 2015. (Original Source)
Shares of Cabot Oil & Gas Corp closed today at $27.90, down $0.54 or 1.9%. COG has a 1-year high of $35.64 and a 1-year low of $26.01. The stock’s 50-day moving average is $31.88 and its 200-day moving average is $30.77.
On the ratings front, Cabot Oil & Gas Corp has been the subject of a number of recent research reports. In a report issued on July 13, Barclays analyst Jeffrey Robertson maintained a Buy rating on COG, with a price target of $30, which implies an upside of 6.1% from current levels. Separately, on June 4, Deutsche Bank’s Josh Silverstein maintained a Hold rating on the stock and has a price target of $34.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jeffrey Robertson and Josh Silverstein have a total average return of 4.0% and -16.9% respectively. Robertson has a success rate of 44.8% and is ranked #1118 out of 3711 analysts, while Silverstein has a success rate of 0.0% and is ranked #3593.
Overall, 3 research analysts have assigned a Hold rating and 3 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $28.00 which is -1.0% under where the stock opened today.
Cabot Oil & Gas Corp is an independent oil and gas company engaged in the development and exploration of oil and gas properties located in North America.