Brokerages predict that Cabot Oil & Gas Co. (NYSE:COG) will report earnings of $0.46 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Cabot Oil & Gas’ earnings. The highest EPS estimate is $0.61 and the lowest is $0.34. Cabot Oil & Gas reported earnings of $0.13 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 253.8%. The business is scheduled to issue its next earnings report on Friday, February 22nd.
According to Zacks, analysts expect that Cabot Oil & Gas will report full-year earnings of $1.11 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.25. For the next year, analysts expect that the firm will post earnings of $1.78 per share, with EPS estimates ranging from $1.46 to $2.16. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Cabot Oil & Gas.
Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings results on Friday, October 26th. The oil and gas exploration company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). The company had revenue of $545.10 million for the quarter, compared to analyst estimates of $482.74 million. Cabot Oil & Gas had a return on equity of 14.87% and a net margin of 12.69%. The firm’s revenue for the quarter was up 41.4% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS.
Shares of NYSE:COG traded up $0.47 during trading on Friday, hitting $25.16. 7,097,537 shares of the company were exchanged, compared to its average volume of 6,952,124. The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of 52.42, a price-to-earnings-growth ratio of 0.78 and a beta of 0.27. Cabot Oil & Gas has a fifty-two week low of $20.94 and a fifty-two week high of $29.57. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.58.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Wednesday, November 7th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This is a positive change from Cabot Oil & Gas’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.11%. Cabot Oil & Gas’s payout ratio is presently 58.33%.
Several hedge funds have recently bought and sold shares of the stock. Dodge & Cox acquired a new position in shares of Cabot Oil & Gas during the 3rd quarter worth approximately $232,000. Morgan Stanley increased its holdings in shares of Cabot Oil & Gas by 3.8% during the 3rd quarter. Morgan Stanley now owns 1,297,995 shares of the oil and gas exploration company’s stock worth $29,232,000 after acquiring an additional 47,688 shares during the last quarter. Lombard Odier Asset Management USA Corp acquired a new position in shares of Cabot Oil & Gas during the 3rd quarter worth approximately $1,642,000. Kentucky Retirement Systems acquired a new position in shares of Cabot Oil & Gas during the 3rd quarter worth approximately $1,348,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in shares of Cabot Oil & Gas by 65.2% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 81,592 shares of the oil and gas exploration company’s stock worth $1,837,000 after acquiring an additional 32,200 shares during the last quarter. 94.60% of the stock is currently owned by institutional investors and hedge funds.
Cabot Oil & Gas Company Profile
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 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.
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