Cabot Oil & Gas Corporation (NYSE:COG) is set to announce its earnings results before the market opens on Friday, October 27th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
Cabot Oil & Gas Corporation (NYSE:COG) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The company had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. During the same period last year, the company posted ($0.07) earnings per share. The business’s revenue for the quarter was up 86.6% on a year-over-year basis. On average, analysts expect Cabot Oil & Gas Corporation to post $0.57 EPS for the current fiscal year and $0.86 EPS for the next fiscal year.
Cabot Oil & Gas Corporation (NYSE COG) opened at 24.92 on Wednesday. The company’s 50-day moving average price is $26.21 and its 200 day moving average price is $24.67. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $27.14. The firm’s market capitalization is $11.53 billion.
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A number of equities analysts have recently weighed in on the company. Scotiabank set a $32.00 target price on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a research note on Saturday. TheStreet downgraded Cabot Oil & Gas Corporation from a “c” rating to a “d+” rating in a research note on Thursday, August 24th. BidaskClub downgraded Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BMO Capital Markets restated a “buy” rating and issued a $30.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Friday, September 1st. Finally, Cowen and Company restated a “buy” rating and issued a $30.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $29.29.
In other news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total value of $319,283.22. Following the transaction, the insider now owns 635,124 shares of the company’s stock, valued at $17,014,971.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.
Cabot Oil & Gas Corporation 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.
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