$0.15 Earnings Per Share Expected for Cabot Oil & Gas Co. (COG) This Quarter

Equities research analysts expect that Cabot Oil & Gas Co. (NYSE:COG) will post earnings per share of $0.15 for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Cabot Oil & Gas Co.’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.25. Cabot Oil & Gas Co. reported earnings of ($0.08) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 287.5%. The firm is scheduled to announce its next quarterly earnings results on Friday, August 4th.

On average, analysts expect that Cabot Oil & Gas Co. will report full year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.81. For the next year, analysts anticipate that the firm will report earnings of $0.91 per share, with EPS estimates ranging from $0.58 to $1.22. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Cabot Oil & Gas Co..

Cabot Oil & Gas Co. (NYSE:COG) last released its quarterly earnings results on Friday, April 28th. The oil and gas exploration company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $517.80 million for the quarter, compared to analyst estimates of $464.45 million. Cabot Oil & Gas Co. had a negative net margin of 21.03% and a negative return on equity of 4.68%. The company’s quarterly revenue was up 83.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.13) earnings per share.

Several research analysts have recently weighed in on COG shares. Barclays PLC raised shares of Cabot Oil & Gas Co. from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $22.00 to $25.00 in a research report on Monday, January 23rd. JPMorgan Chase & Co. raised shares of Cabot Oil & Gas Co. from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $27.00 in a research report on Monday, February 6th. Susquehanna Bancshares Inc raised shares of Cabot Oil & Gas Co. from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $23.00 to $27.00 in a research report on Monday, February 6th. Scotiabank set a $29.00 target price on shares of Cabot Oil & Gas Co. and gave the stock a “buy” rating in a research report on Monday, February 6th. Finally, Sanford C. Bernstein downgraded shares of Cabot Oil & Gas Co. from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.24.

In other Cabot Oil & Gas Co. news, insider Todd M. Roemer sold 3,737 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $24.12, for a total value of $90,136.44. Following the completion of the sale, the insider now directly owns 62,453 shares of the company’s stock, valued at $1,506,366.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Suntrust Banks Inc. increased its stake in Cabot Oil & Gas Co. by 0.7% in the third quarter. Suntrust Banks Inc. now owns 10,785 shares of the oil and gas exploration company’s stock valued at $278,000 after buying an additional 70 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Cabot Oil & Gas Co. by 0.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,500 shares of the oil and gas exploration company’s stock valued at $941,000 after buying an additional 117 shares in the last quarter. Baird Financial Group Inc. increased its stake in Cabot Oil & Gas Co. by 2.5% in the fourth quarter. Baird Financial Group Inc. now owns 17,624 shares of the oil and gas exploration company’s stock valued at $412,000 after buying an additional 433 shares in the last quarter. Heartland Advisors Inc. increased its stake in Cabot Oil & Gas Co. by 4.1% in the first quarter. Heartland Advisors Inc. now owns 11,918 shares of the oil and gas exploration company’s stock valued at $285,000 after buying an additional 465 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Cabot Oil & Gas Co. by 4.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 12,405 shares of the oil and gas exploration company’s stock valued at $277,000 after buying an additional 494 shares in the last quarter. 95.27% of the stock is owned by institutional investors.

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Cabot Oil & Gas Co. (NYSE:COG) traded down 0.63% during mid-day trading on Tuesday, hitting $23.56. 2,529,408 shares of the stock traded hands. The stock has a 50 day moving average price of $23.80 and a 200 day moving average price of $22.73. Cabot Oil & Gas Co. has a 12-month low of $20.02 and a 12-month high of $26.74. The firm’s market cap is $10.97 billion.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.84%. This is an increase from Cabot Oil & Gas Co.’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Monday, May 15th. Cabot Oil & Gas Co.’s payout ratio is currently -14.55%.

Cabot Oil & Gas Co. Company Profile

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Company operates in the segment of natural gas and oil development, exploitation, exploration and production, in the continental United States. Its assets are concentrated in areas with known hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs.

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