Jefferies Group Weighs in on Cabot Oil & Gas Co.’s Q2 2017 Earnings (COG)

Cabot Oil & Gas Co. (NYSE:COG) – Investment analysts at Jefferies Group upped their Q2 2017 earnings per share (EPS) estimates for shares of Cabot Oil & Gas Co. in a report released on Wednesday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas exploration company will post earnings of $0.15 per share for the quarter, up from their prior forecast of $0.09. Jefferies Group has a “Hold” rating and a $23.00 price objective on the stock. Jefferies Group also issued estimates for Cabot Oil & Gas Co.’s Q3 2017 earnings at $0.17 EPS, Q4 2017 earnings at $0.20 EPS, Q1 2018 earnings at $0.24 EPS and Q2 2018 earnings at $0.20 EPS.

COG has been the subject of several other research reports. Susquehanna Bancshares Inc raised shares of Cabot Oil & Gas Co. from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $23.00 to $27.00 in a research report on Monday, February 6th. Barclays PLC raised shares of Cabot Oil & Gas Co. from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $22.00 to $25.00 in a research report on Monday, January 23rd. Scotiabank set a $28.00 price objective on shares of Cabot Oil & Gas Co. and gave the stock a “buy” rating in a research report on Monday, March 27th. Sanford C. Bernstein downgraded shares of Cabot Oil & Gas Co. from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 28th. Finally, Bank of America Corp raised shares of Cabot Oil & Gas Co. from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $25.00 to $28.00 in a research report on Thursday, May 11th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Cabot Oil & Gas Co. has an average rating of “Buy” and an average price target of $29.78.

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

ILLEGAL ACTIVITY NOTICE: “Jefferies Group Weighs in on Cabot Oil & Gas Co.’s Q2 2017 Earnings (COG)” was published by Mideast Time and is owned by of Mideast Time. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.mideasttime.com/jefferies-group-weighs-in-on-cabot-oil-gas-co-s-q2-2017-earnings-cog/1709223.html.

Cabot Oil & Gas Co. (NYSE:COG) opened at 23.48 on Friday. The firm has a 50-day moving average of $24.11 and a 200-day moving average of $22.93. Cabot Oil & Gas Co. has a 52 week low of $20.02 and a 52 week high of $26.74. The company’s market cap is $10.93 billion.

Cabot Oil & Gas Co. (NYSE:COG) last announced its quarterly earnings results on Friday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Cabot Oil & Gas Co. had a negative net margin of 21.03% and a negative return on equity of 4.68%. The firm had revenue of $517.80 million for the quarter, compared to analyst estimates of $464.45 million. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. The business’s revenue was up 83.7% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 15th. This is a boost from Cabot Oil & Gas Co.’s previous quarterly dividend of $0.02. This represents a $0.20 annualized dividend and a yield of 0.87%. Cabot Oil & Gas Co.’s dividend payout ratio (DPR) is -14.55%.

In other Cabot Oil & Gas Co. news, insider Todd M. Roemer sold 3,737 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $24.12, for a total transaction of $90,136.44. Following the transaction, the insider now directly owns 62,453 shares in the company, valued at approximately $1,506,366.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Cabot Oil & Gas Co. by 3,136.9% in the first quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock valued at $788,389,000 after buying an additional 31,954,562 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Cabot Oil & Gas Co. by 59.5% in the first quarter. Neuberger Berman Group LLC now owns 18,569,604 shares of the oil and gas exploration company’s stock valued at $443,999,000 after buying an additional 6,923,702 shares during the period. Sanders Capital LLC boosted its position in shares of Cabot Oil & Gas Co. by 34.7% in the first quarter. Sanders Capital LLC now owns 25,830,424 shares of the oil and gas exploration company’s stock valued at $630,336,000 after buying an additional 6,657,156 shares during the period. FMR LLC boosted its position in shares of Cabot Oil & Gas Co. by 32.7% in the first quarter. FMR LLC now owns 25,468,996 shares of the oil and gas exploration company’s stock valued at $608,964,000 after buying an additional 6,277,179 shares during the period. Finally, Capital World Investors boosted its position in shares of Cabot Oil & Gas Co. by 3,602.9% in the third quarter. Capital World Investors now owns 5,036,000 shares of the oil and gas exploration company’s stock valued at $129,929,000 after buying an additional 4,900,000 shares during the period. Institutional investors and hedge funds own 95.27% of the company’s stock.

About Cabot Oil & Gas Co.

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.

12 Month Chart for NYSE:COG

Receive News & Ratings for Cabot Oil & Gas Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.