Cabot Oil & Gas Corp. (NYSE:COG) – Analysts at Seaport Global Securities cut their Q3 2016 earnings estimates for shares of Cabot Oil & Gas Corp. in a research report issued on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the brokerage will post earnings per share of ($0.04) for the quarter, down from their prior estimate of ($0.02). Seaport Global Securities also issued estimates for Cabot Oil & Gas Corp.’s FY2016 earnings at ($0.19) EPS.

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

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

A number of other analysts have also issued reports on COG. Capital One Financial Corp. reiterated an “equal weight” rating on shares of Cabot Oil & Gas Corp. in a research note on Thursday, July 21st. Zacks Investment Research lowered shares of Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Howard Weil upgraded shares of Cabot Oil & Gas Corp. from a “sector perform” rating to a “sector outperform” rating and set a $30.00 target price on the stock in a research note on Thursday, August 11th. Jefferies Group restated a “hold” rating on shares of Cabot Oil & Gas Corp. in a research note on Thursday, August 11th. Finally, Scotiabank upgraded shares of Cabot Oil & Gas Corp. from a “sector perform” rating to a “sector outperform” rating and set a $30.00 target price on the stock in a research note on Saturday, August 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.83.

Shares of Cabot Oil & Gas Corp. (NYSE:COG) traded down 0.681% during midday trading on Friday, hitting $22.595. 6,696,686 shares of the stock were exchanged. 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 of $25.01 and a 200-day moving average of $24.45. The stock’s market cap is $10.51 billion.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COG. Financial Architects Inc acquired a new position in Cabot Oil & Gas Corp. during the second quarter valued at about $106,000. BlueMountain Capital Management LLC acquired a new position in Cabot Oil & Gas Corp. during the first quarter valued at about $124,000. Advisor Group Inc. acquired a new position in Cabot Oil & Gas Corp. during the second quarter valued at about $153,000. Mizuho Asset Management Co. Ltd. boosted its position in 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 during the last quarter. Finally, Hartwell J M Limited Partnership acquired a new position in 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.

In other Cabot Oil & Gas Corp. news, insider George Kevin Cunningham sold 3,000 shares of the stock in a transaction on Tuesday, September 13th. The stock was 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 in the company, valued at $908,747.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by company insiders.

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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