Cabot Oil & Gas Corp. (NYSE:COG) – Equities researchers at Seaport Global Securities upped their Q4 2016 earnings estimates for Cabot Oil & Gas Corp. in a report issued on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the firm will post earnings per share of $0.04 for the quarter, up from their prior forecast of $0.03. Seaport Global Securities also issued estimates for Cabot Oil & Gas Corp.’s Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.09 EPS, Q3 2017 earnings at $0.08 EPS, Q4 2017 earnings at $0.15 EPS and FY2017 earnings at $0.49 EPS.

Cabot Oil & Gas Corp. (NYSE:COG) last issued its quarterly earnings results on Friday, July 29th. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, beating the 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 firm earned $246.80 million during the quarter, compared to the consensus estimate of $270.13 million. During the same period last year, the company earned $0.03 earnings per share. The company’s revenue was down 19.4% on a year-over-year basis.

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

Other equities analysts have also recently issued research reports about the company. Capital One Financial Corp. restated an “equal weight” rating on shares of Cabot Oil & Gas Corp. in a report on Thursday, July 21st. Barclays PLC boosted their price objective on 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. Howard Weil upgraded Cabot Oil & Gas Corp. from a “sector perform” rating to a “sector outperform” rating and set a $30.00 target price for the company in a report on Thursday, August 11th. Zacks Investment Research cut Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Finally, Jefferies Group reiterated a “hold” rating on shares of Cabot Oil & Gas Corp. in a report on Thursday, August 11th. One equities research 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 company. The stock presently has a consensus rating of “Buy” and an average price target of $27.83.

Cabot Oil & Gas Corp. (NYSE:COG) opened at 22.75 on Thursday. The company’s market capitalization is $10.58 billion. The stock’s 50 day moving average price is $25.01 and its 200 day moving average price is $24.45. Cabot Oil & Gas Corp. has a one year low of $14.88 and a one year high of $26.74.

In other news, insider George Kevin Cunningham sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $25.25, for a total value of $75,750.00. Following the sale, the insider now owns 35,990 shares in the company, valued at $908,747.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position 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 in the last quarter. State Street Corp increased its position in shares of Cabot Oil & Gas Corp. by 1.4% in the second quarter. State Street Corp now owns 28,302,854 shares of the oil and gas exploration company’s stock worth $728,518,000 after buying an additional 386,140 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Cabot Oil & Gas Corp. by 0.8% in the first quarter. Wellington Management Group LLP now owns 14,115,741 shares of the oil and gas exploration company’s stock worth $320,568,000 after buying an additional 113,499 shares in the last quarter. Sanders Capital LLC increased its position 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 in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Cabot Oil & Gas Corp. by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,754,708 shares of the oil and gas exploration company’s stock worth $302,566,000 after buying an additional 128,042 shares in the last quarter. 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.

5 Day Chart for NYSE:COG

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