FY2016 EPS Estimates for Cabot Oil & Gas Corp. Lowered by Capital One Financial Corp. (COG)
Cabot Oil & Gas Corp. (NYSE:COG) – Investment analysts at Capital One Financial Corp. decreased their FY2016 earnings estimates for Cabot Oil & Gas Corp. in a report issued on Monday. Capital One Financial Corp. analyst B. Velie now expects that the firm will earn ($0.14) per share for the year, down from their prior estimate of ($0.10). Capital One Financial Corp. currently has a “Overweight” rating on the stock. Capital One Financial Corp. also issued estimates for Cabot Oil & Gas Corp.’s FY2017 earnings at $0.31 EPS.
Cabot Oil & Gas Corp. (NYSE:COG) last announced its quarterly earnings data on Friday, July 29th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.01. Cabot Oil & Gas Corp. had a negative return on equity of 4.16% and a negative net margin of 21.59%. The company earned $246.80 million during the quarter, compared to the consensus estimate of $270.13 million. During the same quarter last year, the company earned $0.03 EPS. The company’s quarterly revenue was down 19.4% on a year-over-year basis.
Other equities research analysts have also recently issued research reports about the company. GMP Securities started coverage on Cabot Oil & Gas Corp. in a report on Wednesday, September 28th. They set a “buy” rating and a $39.00 price objective for the company. Zacks Investment Research upgraded 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. Williams Capital assumed coverage on Cabot Oil & Gas Corp. in a research note on Monday, August 29th. They issued a “buy” rating and a $30.00 price target for the company. Drexel Hamilton boosted their price target on Cabot Oil & Gas Corp. from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, August 15th. Finally, Barclays PLC boosted their price target on Cabot Oil & Gas Corp. from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.83.
Shares of Cabot Oil & Gas Corp. (NYSE:COG) opened at 23.86 on Wednesday. Cabot Oil & Gas Corp. has a 12 month low of $14.88 and a 12 month high of $26.74. The firm has a 50 day moving average price of $25.09 and a 200-day moving average price of $24.46. The company’s market cap is $11.10 billion.
In other Cabot Oil & Gas Corp. news, insider George Kevin Cunningham sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $25.25, for a total value of $75,750.00. Following the transaction, the insider now owns 35,990 shares in the company, valued at $908,747.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Financial Architects Inc purchased a new position in Cabot Oil & Gas Corp. during the second quarter worth about $106,000. BlueMountain Capital Management LLC bought a new position in shares of Cabot Oil & Gas Corp. during the first quarter valued at about $124,000. Advisor Group Inc. bought a new position in shares of Cabot Oil & Gas Corp. during the second quarter valued at about $153,000. Mizuho Asset Management Co. Ltd. boosted 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 in the last quarter. Finally, Hartwell J M Limited Partnership bought a new position in shares of Cabot Oil & Gas Corp. during the second quarter valued at about $206,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.
About Cabot Oil & Gas Corp.
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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