Zacks: Analysts Anticipate Cabot Oil & Gas Co. (COG) Will Post Earnings of $0.19 Per Share

Wall Street analysts expect Cabot Oil & Gas Co. (NYSE:COG) to announce $0.19 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Cabot Oil & Gas’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.29. Cabot Oil & Gas reported earnings per share of $0.14 during the same quarter last year, which indicates a positive year-over-year growth rate of 35.7%. The company is scheduled to report its next earnings report on Thursday, July 26th.

According to Zacks, analysts expect that Cabot Oil & Gas will report full year earnings of $1.10 per share for the current year, with EPS estimates ranging from $0.94 to $1.30. For the next financial year, analysts expect that the firm will report earnings of $1.55 per share, with EPS estimates ranging from $0.61 to $2.13. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Cabot Oil & Gas.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings data on Friday, April 27th. The oil and gas exploration company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $473.20 million during the quarter, compared to the consensus estimate of $471.25 million. Cabot Oil & Gas had a net margin of 6.51% and a return on equity of 10.56%. The company’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 earnings per share.

COG has been the subject of a number of research reports. Zacks Investment Research raised shares of Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, March 6th. UBS Group initiated coverage on shares of Cabot Oil & Gas in a research note on Wednesday, March 7th. They set a “neutral” rating and a $28.00 target price for the company. Piper Jaffray Companies set a $36.00 target price on shares of Cabot Oil & Gas and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Jefferies Financial Group reissued a “hold” rating and set a $25.00 target price on shares of Cabot Oil & Gas in a research note on Monday, March 19th. Finally, Citigroup cut shares of Cabot Oil & Gas from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $23.96 to $25.00 in a research note on Tuesday, April 17th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $30.11.

In other Cabot Oil & Gas news, Director Robert Kelley acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 29th. The stock was bought at an average price of $22.25 per share, with a total value of $1,112,500.00. Following the purchase, the director now owns 681,717 shares in the company, valued at $15,168,203.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of COG. First Trust Advisors LP grew its stake in shares of Cabot Oil & Gas by 11.8% in the 4th quarter. First Trust Advisors LP now owns 590,148 shares of the oil and gas exploration company’s stock valued at $16,878,000 after buying an additional 62,111 shares during the period. Pinebridge Investments L.P. grew its stake in shares of Cabot Oil & Gas by 144.1% in the 4th quarter. Pinebridge Investments L.P. now owns 22,893 shares of the oil and gas exploration company’s stock valued at $655,000 after buying an additional 13,514 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Cabot Oil & Gas by 298.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 54,881 shares of the oil and gas exploration company’s stock valued at $1,570,000 after buying an additional 41,116 shares during the period. American International Group Inc. grew its stake in shares of Cabot Oil & Gas by 10.7% in the 4th quarter. American International Group Inc. now owns 182,650 shares of the oil and gas exploration company’s stock valued at $5,224,000 after buying an additional 17,724 shares during the period. Finally, Norinchukin Bank The grew its stake in shares of Cabot Oil & Gas by 7.4% in the 4th quarter. Norinchukin Bank The now owns 36,977 shares of the oil and gas exploration company’s stock valued at $1,058,000 after buying an additional 2,553 shares during the period. 95.09% of the stock is owned by institutional investors and hedge funds.

COG stock opened at $23.80 on Tuesday. The stock has a market cap of $10.75 billion, a PE ratio of 40.34, a P/E/G ratio of 0.77 and a beta of 0.38. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.42 and a quick ratio of 2.40. Cabot Oil & Gas has a 52 week low of $21.71 and a 52 week high of $29.57.

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 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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