Cabot Oil & Gas Corp. (NYSE:COG) – Research analysts at Williams Capital cut their Q4 2016 earnings per share (EPS) estimates for shares of Cabot Oil & Gas Corp. in a report released on Monday. Williams Capital analyst G. Sorbara now forecasts that the firm will earn $0.04 per share for the quarter, down from their previous estimate of $0.07. Williams Capital currently has a “Buy” rating and a $30.00 target price on the stock. Williams Capital also issued estimates for Cabot Oil & Gas Corp.’s Q1 2017 earnings at $0.11 EPS, Q2 2017 earnings at $0.06 EPS, Q3 2017 earnings at $0.08 EPS, Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.40 EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.19 EPS and FY2018 earnings at $0.96 EPS.
Cabot Oil & Gas Corp. (NYSE:COG) last issued its earnings results on Friday, July 29th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The firm earned $246.80 million during the quarter, compared to the consensus estimate of $270.13 million. Cabot Oil & Gas Corp. had a negative net margin of 21.59% and a negative return on equity of 4.16%. The company’s revenue was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share.
Other equities research analysts have also issued reports about the stock. GMP Securities started coverage on shares of Cabot Oil & Gas Corp. in a report on Wednesday, September 28th. They set a “buy” rating and a $39.00 price target for the company. Drexel Hamilton raised their price objective on shares of Cabot Oil & Gas Corp. from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Zacks Investment Research raised shares of Cabot Oil & Gas Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Monday, August 8th. Capital One Financial Corp. reissued an “equal weight” rating on shares of Cabot Oil & Gas Corp. in a report on Thursday, July 21st. Finally, Barclays PLC raised their price objective on shares of Cabot Oil & Gas Corp. from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, September 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Cabot Oil & Gas Corp. presently has a consensus rating of “Buy” and an average price target of $27.83.
Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded down 1.63% during midday trading on Tuesday, reaching $25.29. 2,876,684 shares of the company were exchanged. Cabot Oil & Gas Corp. has a 52-week low of $14.88 and a 52-week high of $26.74. The stock’s 50-day moving average price is $25.28 and its 200-day moving average price is $24.36. The company’s market capitalization is $11.76 billion.
In other news, insider George Kevin Cunningham sold 3,000 shares of Cabot Oil & Gas Corp. stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $25.25, for a total value of $75,750.00. Following the transaction, the insider now owns 35,990 shares of the company’s stock, valued at approximately $908,747.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanders Capital LLC increased its position in Cabot Oil & Gas Corp. by 101.7% in the second quarter. Sanders Capital LLC now owns 12,273,055 shares of the oil and gas exploration company’s stock valued at $322,296,000 after buying an additional 6,186,892 shares during the period. Franklin Resources Inc. increased its position in Cabot Oil & Gas Corp. by 35.8% in the first quarter. Franklin Resources Inc. now owns 10,781,389 shares of the oil and gas exploration company’s stock valued at $244,845,000 after buying an additional 2,843,050 shares during the period. Emerald Acquisition Ltd. purchased a new position in Cabot Oil & Gas Corp. during the second quarter valued at $57,948,000. State Street Corp increased its position in Cabot Oil & Gas Corp. by 7.9% in the first quarter. State Street Corp now owns 27,916,714 shares of the oil and gas exploration company’s stock valued at $633,983,000 after buying an additional 2,047,634 shares during the period. Finally, Point72 Asset Management L.P. increased its position in Cabot Oil & Gas Corp. by 504.8% in the second quarter. Point72 Asset Management L.P. now owns 1,850,838 shares of the oil and gas exploration company’s stock valued at $47,641,000 after buying an additional 1,544,838 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.
About Cabot Oil & Gas Corp.
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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