$0.27 Earnings Per Share Expected for Cabot Oil & Gas Co. (COG) This Quarter

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Equities analysts expect Cabot Oil & Gas Co. (NYSE:COG) to report earnings per share of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Cabot Oil & Gas’ earnings. The highest EPS estimate is $0.32 and the lowest is $0.18. Cabot Oil & Gas posted earnings of $0.07 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 285.7%. The business is scheduled to report its next quarterly earnings report on Friday, October 26th.

On average, analysts expect that Cabot Oil & Gas will report full-year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $0.89 to $1.22. For the next year, analysts anticipate that the business will report earnings of $1.60 per share, with EPS estimates ranging from $0.64 to $2.08. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Cabot Oil & Gas.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings results on Friday, July 27th. The oil and gas exploration company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.05). Cabot Oil & Gas had a return on equity of 10.84% and a net margin of 7.75%. The company had revenue of $453.50 million for the quarter, compared to analyst estimates of $384.57 million. During the same period in the prior year, the business earned $0.14 earnings per share. Cabot Oil & Gas’s revenue for the quarter was down 1.5% compared to the same quarter last year.

Several brokerages recently weighed in on COG. TD Securities reaffirmed a “buy” rating and set a $30.00 price target (up from $29.00) on shares of Cabot Oil & Gas in a report on Friday, July 27th. UBS Group raised Cabot Oil & Gas from a “neutral” rating to a “positive” rating in a report on Monday, July 30th. Susquehanna Bancshares raised Cabot Oil & Gas from a “neutral” rating to a “positive” rating and increased their price target for the stock from $27.00 to $28.00 in a report on Monday, July 30th. Morgan Stanley increased their price target on Cabot Oil & Gas from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, July 12th. Finally, ValuEngine raised Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Friday, June 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company. Cabot Oil & Gas presently has a consensus rating of “Buy” and a consensus target price of $29.95.

Shares of NYSE COG traded up $0.25 during mid-day trading on Friday, hitting $23.15. 263,369 shares of the company were exchanged, compared to its average volume of 4,524,731. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.67 and a quick ratio of 1.64. Cabot Oil & Gas has a 1-year low of $21.48 and a 1-year high of $29.57. The company has a market cap of $9.82 billion, a PE ratio of 48.21, a P/E/G ratio of 0.75 and a beta of 0.38.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Thursday, August 9th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, August 8th. Cabot Oil & Gas’s dividend payout ratio (DPR) is currently 50.00%.

A number of institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC raised its stake in shares of Cabot Oil & Gas by 9.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 24,613 shares of the oil and gas exploration company’s stock worth $586,000 after buying an additional 2,175 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Cabot Oil & Gas by 18.1% during the 1st quarter. Suntrust Banks Inc. now owns 14,579 shares of the oil and gas exploration company’s stock worth $349,000 after buying an additional 2,230 shares during the last quarter. Amalgamated Bank raised its stake in shares of Cabot Oil & Gas by 3.8% during the 2nd quarter. Amalgamated Bank now owns 62,987 shares of the oil and gas exploration company’s stock worth $1,499,000 after buying an additional 2,290 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of Cabot Oil & Gas by 7.7% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 33,310 shares of the oil and gas exploration company’s stock worth $793,000 after buying an additional 2,389 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its stake in shares of Cabot Oil & Gas by 9.0% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 30,272 shares of the oil and gas exploration company’s stock worth $721,000 after buying an additional 2,508 shares during the last quarter. 94.70% of the stock is owned by 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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