Cabot Oil & Gas Corp. (NYSE:COG) – Analysts at Williams Capital dropped their Q3 2016 earnings estimates for shares of Cabot Oil & Gas Corp. in a report issued on Monday. Williams Capital analyst G. Sorbara now expects that the brokerage will post earnings per share of ($0.03) for the quarter, down from their previous forecast of ($0.01). Williams Capital has a “Buy” rating and a $30.00 price objective on the stock. Williams Capital also issued estimates for Cabot Oil & Gas Corp.’s FY2016 earnings at ($0.17) EPS.
Other equities research analysts have also issued reports about the company. GMP Securities initiated coverage on Cabot Oil & Gas Corp. in a research note on Wednesday, September 28th. They set a “buy” rating and a $39.00 price target for the company. Drexel Hamilton raised their price target on Cabot Oil & Gas Corp. from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. Zacks Investment Research raised Cabot Oil & Gas Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Monday, August 8th. Capital One Financial Corp. reissued an “equal weight” rating on shares of Cabot Oil & Gas Corp. in a research note on Thursday, July 21st. Finally, Barclays PLC raised their price target on Cabot Oil & Gas Corp. from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.83.
Cabot Oil & Gas Corp. (NYSE:COG) opened at 25.52 on Wednesday. The stock’s 50 day moving average price is $25.30 and its 200-day moving average price is $24.40. Cabot Oil & Gas Corp. has a one year low of $14.88 and a one year high of $26.74. The company’s market capitalization is $11.87 billion.
Cabot Oil & Gas Corp. (NYSE:COG) last announced its quarterly earnings results on Friday, July 29th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $246.80 million for the quarter, compared to the consensus estimate of $270.13 million. Cabot Oil & Gas Corp. had a negative return on equity of 4.16% and a negative net margin of 21.59%. The company’s quarterly revenue was down 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share.
In other news, insider George Kevin Cunningham sold 3,000 shares of Cabot Oil & Gas Corp. stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $25.25, for a total value of $75,750.00. Following the transaction, the insider now directly owns 35,990 shares in the company, valued at approximately $908,747.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Financial Architects Inc bought a new position in shares of Cabot Oil & Gas Corp. during the second quarter worth about $106,000. BlueMountain Capital Management LLC acquired a new position in shares of Cabot Oil & Gas Corp. during the first quarter valued at $124,000. Advisor Group Inc. acquired a new position in shares of Cabot Oil & Gas Corp. during the second quarter valued at $153,000. Mizuho Asset Management Co. Ltd. increased its position in shares of Cabot Oil & Gas Corp. by 96.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,202 shares of the oil and gas exploration company’s stock valued at $160,000 after buying an additional 3,042 shares during the period. Finally, Hartwell J M Limited Partnership acquired a new position in shares of Cabot Oil & Gas Corp. during the second quarter valued at $206,000. Institutional investors and hedge funds own 94.93% of the company’s stock.
Cabot Oil & Gas Corp. Company Profile
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.
Receive News & Ratings for Cabot Oil & Gas Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Corp. and related companies with MarketBeat.com's FREE daily email newsletter.