Cabot Oil & Gas Co. Forecasted to Earn Q3 2019 Earnings of $0.24 Per Share (NYSE:COG)

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Cabot Oil & Gas Co. (NYSE:COG) – Investment analysts at Jefferies Financial Group decreased their Q3 2019 earnings per share estimates for shares of Cabot Oil & Gas in a report issued on Monday, July 15th. Jefferies Financial Group analyst Z. Parham now forecasts that the oil and gas exploration company will post earnings per share of $0.24 for the quarter, down from their previous estimate of $0.34.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings results on Friday, April 26th. The oil and gas exploration company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.09. Cabot Oil & Gas had a return on equity of 31.52% and a net margin of 29.81%. The firm had revenue of $641.70 million during the quarter, compared to analyst estimates of $674.71 million. During the same period last year, the company earned $0.28 EPS. Cabot Oil & Gas’s quarterly revenue was up 35.6% compared to the same quarter last year.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research lowered GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Morgan Stanley set a $23.00 target price on Cabot Oil & Gas and gave the company a “hold” rating in a research report on Monday, June 24th. TD Securities lifted their target price on Ensign Energy Services from C$7.50 to C$8.50 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Citigroup set a $12.00 target price on Avaya and gave the company a “hold” rating in a research report on Monday, July 8th. Finally, TheStreet raised South Jersey Industries from a “c+” rating to a “b-” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $28.72.

Shares of COG stock opened at $22.39 on Tuesday. Cabot Oil & Gas has a 52-week low of $20.94 and a 52-week high of $27.65. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.83 and a quick ratio of 2.75. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 0.85 and a beta of 0.52. The business’s 50 day simple moving average is $23.98.

Large investors have recently made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in shares of Cabot Oil & Gas by 13.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,647,588 shares of the oil and gas exploration company’s stock valued at $43,002,000 after acquiring an additional 191,268 shares during the period. Contravisory Investment Management Inc. increased its holdings in shares of Cabot Oil & Gas by 12.0% in the 1st quarter. Contravisory Investment Management Inc. now owns 13,338 shares of the oil and gas exploration company’s stock valued at $348,000 after acquiring an additional 1,429 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cabot Oil & Gas by 19.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,501,665 shares of the oil and gas exploration company’s stock valued at $33,572,000 after acquiring an additional 239,959 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Cabot Oil & Gas in the 4th quarter valued at $379,000. Finally, TD Asset Management Inc. increased its holdings in shares of Cabot Oil & Gas by 4.8% in the 1st quarter. TD Asset Management Inc. now owns 480,225 shares of the oil and gas exploration company’s stock valued at $12,534,000 after acquiring an additional 22,194 shares during the period. Institutional investors and hedge funds own 98.65% of the company’s stock.

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 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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

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