Cabot Oil & Gas Corp. (NYSE:COG) – Equities researchers at Capital One Financial Corp. reduced their Q3 2016 earnings per share (EPS) estimates for shares of Cabot Oil & Gas Corp. in a note issued to investors on Monday. Capital One Financial Corp. analyst B. Velie now expects that the firm will earn ($0.01) per share for the quarter, down from their prior estimate of $0.02. Capital One Financial Corp. currently has a “Overweight” rating on the stock.

Cabot Oil & Gas Corp. (NYSE:COG) last released its earnings results on Friday, July 29th. The oil and gas exploration company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. Cabot Oil & Gas Corp. had a negative net margin of 21.59% and a negative return on equity of 4.16%. The firm earned $246.80 million during the quarter, compared to analyst estimates of $270.13 million. During the same quarter in the previous year, the business earned $0.03 EPS. The business’s quarterly revenue was down 19.4% compared to the same quarter last year.

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

A number of other brokerages have also recently issued reports on COG. Raymond James Financial Inc. upgraded shares of Cabot Oil & Gas Corp. from a “market perform” rating to a “strong-buy” rating and lifted their price objective for the company from $25.57 to $30.00 in a report on Friday, September 23rd. Williams Capital began coverage on shares of Cabot Oil & Gas Corp. in a report on Monday, August 29th. They set a “buy” rating and a $30.00 price objective for the company. Drexel Hamilton lifted their price objective on shares of Cabot Oil & Gas Corp. from $31.00 to $35.00 and gave the company a “buy” rating in a report on Monday, August 15th. Scotiabank upgraded shares of Cabot Oil & Gas Corp. from a “sector perform” rating to a “sector outperform” rating and set a $30.00 price objective for the company in a report on Saturday, August 13th. Finally, Barclays PLC lifted their price objective on shares of Cabot Oil & Gas Corp. from $22.00 to $23.00 and gave the company an “equal weight” rating in a report on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $27.83.

Shares of Cabot Oil & Gas Corp. (NYSE:COG) opened at 23.86 on Tuesday. The firm’s 50-day moving average is $25.09 and its 200-day moving average is $24.46. The firm’s market cap is $11.10 billion. Cabot Oil & Gas Corp. has a 12-month low of $14.88 and a 12-month high of $26.74.

In other Cabot Oil & Gas Corp. news, insider George Kevin Cunningham sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $25.25, for a total value of $75,750.00. Following the completion of the transaction, the insider now owns 35,990 shares of the company’s stock, valued at approximately $908,747.50. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Sanders Capital LLC raised its stake in shares of Cabot Oil & Gas Corp. by 101.7% in the second quarter. Sanders Capital LLC now owns 12,273,055 shares of the oil and gas exploration company’s stock worth $322,296,000 after buying an additional 6,186,892 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Cabot Oil & Gas Corp. during the second quarter worth $57,948,000. State Street Corp raised its stake in shares of Cabot Oil & Gas Corp. by 7.9% in the first quarter. State Street Corp now owns 27,916,714 shares of the oil and gas exploration company’s stock worth $633,983,000 after buying an additional 2,047,634 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Cabot Oil & Gas Corp. by 504.8% in the second quarter. Point72 Asset Management L.P. now owns 1,850,838 shares of the oil and gas exploration company’s stock worth $47,641,000 after buying an additional 1,544,838 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Cabot Oil & Gas Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 42,936,151 shares of the oil and gas exploration company’s stock worth $1,105,177,000 after buying an additional 1,341,740 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

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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