Today, a Director at Cabot Oil & Gas (NYSE: COG), Robert Kelley, bought shares of COG for $1.11M.
This recent transaction increases Robert Kelley’s holding in the company by 7.91% to a total of $14.96 million. In addition to Robert Kelley, 2 other COG executives reported Buy trades in the last month.
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COG’s market cap is $9.94B and the company has a P/E ratio of 91.46. Currently, Cabot Oil & Gas has an average volume of 2.71M.
31 different firms, including Barclays and Bernstein, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $28.44, reflecting a -22.3% downside.
In the last 30 days, insiders have sold $153.7K worth of COG shares and purchased $1.23M worth of COG shares. The insider sentiment on Cabot Oil & Gas has been neutral according to 61 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
Robert Kelley’s trades have generated a 11.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Cabot Oil & Gas Corp. engages in the development, exploitation, and exploration of oil and gas properties. It operates through the Marcellus shale in Pennsylvania. The company was founded in 1989 and is headquartered in Houston, TX.
