Cabot Oil & Gas Co. PT Lowered to $29.00 (COG)

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 worldwide offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Officer (Executive Vice President & CFO) of Cabot Oil & Gas Corp, Schroeder Scott C sold 26,316 shares at $33.76 on April 30, 2015. Hence, it is possible that stocks trading near their 52-week low could be worth buying. (NYSE:COG) traded down 0.23% on Monday, hitting $26.44. In comparing the stock’s current level to its extended history, the stock is trading -23.74% away from its 52-week high of 35.64 and +6.59% away from the stock’s low point over the past 52 weeks, which was 25.50. In the last 50 and 100 days, Cabot Oil & Gas is down 25.14% and down 7.92%, respectively. The stock has a 50-day moving average of $31.3 and a 200-day moving average of $30.72. The oil and gas exploration company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.01. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. (NYSE:COG) last announced its earnings results on Friday, July 24th. The Company expects bookings in the second quarter of 2015 to be in a range of $255-$260 million, a record for the second quarter.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. This represents a $0.08 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Monday, August 3rd.

Other equities analysts have also issued reports about the stock. Cowen and Company assumed coverage on Cabot Oil & Fuel Co.in a study report on Monday, July 20th.

Cabot Oil & Gas Corporation with TICKER NYSE:COG has had its stock rating noted as “Reitereated” with the recommendation being set at “OUTPERFORM” today by analysts at Imperial Capital. The consensus target price stands at $35.62. Finally, Jefferies Group decreased their price target on shares of Cabot Oil & Gas Co.to $28.00 in a research note on Tuesday, July 7th. Mason Hill Advisors Llc is another quite bullish active investment manager who is having 556,461 shares of Cabot Oil & Gas or 9.61% of their fund portfolio. Of those thirty-seven, eighteen have a Buy rating, nineteen have a Hold rating.

Cabot Oil & Gas Corporation (NYSE:COG), A drop of 1,346,116 shares or 6.4% was seen in the short interest of Cabot Oil & Gas Corporation. The Company’s exploration, development and production operations are primarily concentrated in three plays: the Marcellus Shale in Pennsylvania, the Eagle Ford in south Texas and the Marmaton oil play in Oklahoma. The Company’s Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County, Pennsylvania. In December 2012, the Company sold certain proved oil and gas properties located in south Texas. The Company also has non-core operations in various other unconventional and conventional plays throughout the continental United States.