Cabot Oil & Gas Co. (COG) to Distribute Quarterly Dividend of $0.10 on August 27th

Cabot Oil & Gas Co. (NYSE:COG) declared a quarterly dividend on Wednesday, July 29th, RTT News reports. Stockholders of record on Thursday, August 13th will be given a dividend of 0.10 per share by the oil and gas exploration company on Thursday, August 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.21%.

Cabot Oil & Gas has increased its dividend payment by an average of 337.5% annually over the last three years and has raised its dividend every year for the last 3 years. Cabot Oil & Gas has a payout ratio of 64.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Cabot Oil & Gas to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 27.6%.

NYSE COG opened at $18.14 on Friday. Cabot Oil & Gas has a fifty-two week low of $13.06 and a fifty-two week high of $22.67. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 18.12 and a beta of 0.21. The business has a fifty day moving average of $18.20 and a 200-day moving average of $17.63. The company has a quick ratio of 1.35, a current ratio of 1.40 and a debt-to-equity ratio of 0.48.

Cabot Oil & Gas (NYSE:COG) last released its earnings results on Thursday, July 30th. The oil and gas exploration company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.03. Cabot Oil & Gas had a return on equity of 18.70% and a net margin of 26.07%. As a group, analysts anticipate that Cabot Oil & Gas will post 0.47 EPS for the current year.

COG has been the subject of several analyst reports. ValuEngine upgraded Cabot Oil & Gas from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. upped their target price on Cabot Oil & Gas from $19.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, April 20th. TD Securities boosted their price target on Cabot Oil & Gas from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Wells Fargo & Co lowered their price target on Cabot Oil & Gas from $22.00 to $21.00 and set an “overweight” rating for the company in a research report on Friday, April 3rd. Finally, Tudor Pickering downgraded Cabot Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $20.89.

About Cabot Oil & Gas

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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Dividend History for Cabot Oil & Gas (NYSE:COG)

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