Zacks: Brokerages Anticipate Cabot Oil & Gas Co. (COG) Will Announce Earnings of $0.67 Per Share

Equities analysts expect that Cabot Oil & Gas Co. (NYSE:COG) will post $0.67 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for Cabot Oil & Gas’ earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.55. Cabot Oil & Gas reported earnings per share of $0.28 in the same quarter last year, which suggests a positive year-over-year growth rate of 139.3%. The business is expected to issue its next quarterly earnings report on Friday, April 26th.

According to Zacks, analysts expect that Cabot Oil & Gas will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.69 to $2.19. For the next year, analysts anticipate that the company will report earnings of $1.87 per share, with EPS estimates ranging from $1.55 to $2.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cabot Oil & Gas.

Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings data on Friday, February 22nd. The oil and gas exploration company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The firm had revenue of $716.30 million during the quarter, compared to analyst estimates of $659.51 million. Cabot Oil & Gas had a net margin of 25.46% and a return on equity of 23.35%. The company’s quarterly revenue was up 78.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS.



Several brokerages have recently weighed in on COG. Guggenheim set a $27.00 price objective on Cabot Oil & Gas and gave the company a “hold” rating in a report on Friday, February 22nd. Williams Capital restated a “hold” rating and issued a $27.00 price objective on shares of Cabot Oil & Gas in a report on Friday, February 22nd. ValuEngine upgraded Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Morgan Stanley set a $27.00 target price on Cabot Oil & Gas and gave the company a “hold” rating in a report on Tuesday, January 29th. Finally, KeyCorp began coverage on Cabot Oil & Gas in a report on Monday, January 14th. They set a “sector weight” rating and a $24.18 target price for the company. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $28.07.

Shares of Cabot Oil & Gas stock traded down $0.63 during trading on Tuesday, hitting $25.96. The stock had a trading volume of 4,599,183 shares, compared to its average volume of 6,206,025. The company has a quick ratio of 1.86, a current ratio of 1.90 and a debt-to-equity ratio of 0.59. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 0.39 and a beta of 0.62. Cabot Oil & Gas has a fifty-two week low of $20.94 and a fifty-two week high of $27.40.

A number of institutional investors have recently made changes to their positions in COG. Robeco Institutional Asset Management B.V. lifted its stake in Cabot Oil & Gas by 23.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 83,406 shares of the oil and gas exploration company’s stock worth $1,879,000 after acquiring an additional 15,906 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Cabot Oil & Gas by 0.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,442,060 shares of the oil and gas exploration company’s stock worth $32,475,000 after acquiring an additional 8,162 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Cabot Oil & Gas by 8.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 70,277 shares of the oil and gas exploration company’s stock worth $1,583,000 after acquiring an additional 5,567 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its stake in Cabot Oil & Gas by 11.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 32,190 shares of the oil and gas exploration company’s stock worth $725,000 after acquiring an additional 3,324 shares in the last quarter. Finally, Norinchukin Bank The lifted its stake in Cabot Oil & Gas by 10.9% in the 3rd quarter. Norinchukin Bank The now owns 56,744 shares of the oil and gas exploration company’s stock worth $1,278,000 after acquiring an additional 5,591 shares in the last quarter. 99.98% of the stock is owned by hedge funds and other institutional investors.

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

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