Cabot Oil & Gas Corporation Forecasted to Post FY2017 Earnings of $0.60 Per Share (COG)

Cabot Oil & Gas Corporation (NYSE:COG) – Stock analysts at KeyCorp decreased their FY2017 earnings per share (EPS) estimates for shares of Cabot Oil & Gas Corporation in a note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas exploration company will post earnings of $0.60 per share for the year, down from their prior forecast of $0.61. KeyCorp also issued estimates for Cabot Oil & Gas Corporation’s Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.22 EPS and FY2018 earnings at $0.74 EPS.

Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The company had revenue of $460.50 million for the quarter, compared to the consensus estimate of $454.76 million. During the same period in the prior year, the company earned ($0.07) EPS. The firm’s revenue was up 86.6% on a year-over-year basis.

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Other analysts have also issued research reports about the stock. Scotiabank set a $28.00 price objective on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Saturday, July 1st. William Blair lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Williams Capital lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Tuesday, July 18th. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 price objective on shares of Cabot Oil & Gas Corporation in a research note on Friday. Finally, Zacks Investment Research lowered shares of Cabot Oil & Gas Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. Cabot Oil & Gas Corporation has a consensus rating of “Buy” and a consensus target price of $29.67.

Shares of Cabot Oil & Gas Corporation (COG) opened at 26.87 on Friday. The company’s market cap is $12.43 billion. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $26.95. The stock’s 50 day moving average is $24.92 and its 200 day moving average is $23.84.

Hedge funds have recently bought and sold shares of the company. First Manhattan Co. purchased a new stake in Cabot Oil & Gas Corporation during the first quarter valued at about $100,000. Westwood Holdings Group Inc. purchased a new stake in Cabot Oil & Gas Corporation during the second quarter valued at about $100,000. IFP Advisors Inc raised its stake in Cabot Oil & Gas Corporation by 11.1% in the second quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 457 shares during the last quarter. Parallel Advisors LLC raised its stake in Cabot Oil & Gas Corporation by 1.4% in the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after buying an additional 71 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Cabot Oil & Gas Corporation by 83.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock valued at $163,000 after buying an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 96.34% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were paid a $0.05 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.74%. Cabot Oil & Gas Corporation’s payout ratio is -54.05%.

About Cabot Oil & Gas Corporation

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.

Earnings History and Estimates for Cabot Oil & Gas Corporation (NYSE:COG)

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