Cabot Oil & Gas Corp. (NYSE:COG) – Investment analysts at Williams Capital reduced their FY2016 earnings estimates for Cabot Oil & Gas Corp. in a research report issued to clients and investors on Monday. Williams Capital analyst G. Sorbara now expects that the firm will earn ($0.19) per share for the year, down from their prior estimate of ($0.16). Williams Capital currently has a “Buy” rating and a $30.00 price objective on the stock. Williams Capital also issued estimates for Cabot Oil & Gas Corp.’s Q4 2016 earnings at $0.03 EPS and FY2018 earnings at $0.94 EPS.

Cabot Oil & Gas Corp. (NYSE:COG) last released its quarterly earnings data on Friday, October 28th. The oil and gas exploration company reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). Cabot Oil & Gas Corp. had a negative net margin of 21.03% and a negative return on equity of 4.68%. The business had revenue of $310.43 million for the quarter, compared to analysts’ expectations of $325.25 million. During the same quarter last year, the company earned ($0.01) EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year.

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

Several other brokerages 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 raised their price objective for the stock from $25.57 to $30.00 in a research note on Friday, September 23rd. Drexel Hamilton raised their price objective on shares of Cabot Oil & Gas Corp. from $31.00 to $35.00 and gave the stock a “buy” rating in a research note 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 on the stock in a research note on Saturday, August 13th. Barclays PLC raised their price objective on shares of Cabot Oil & Gas Corp. from $22.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 1st. Finally, Stifel Nicolaus restated a “hold” rating on shares of Cabot Oil & Gas Corp. in a research note on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $26.77.

Shares of Cabot Oil & Gas Corp. (NYSE:COG) opened at 21.63 on Wednesday. The firm’s market cap is $10.06 billion. The company has a 50 day moving average of $22.44 and a 200-day moving average of $24.16. Cabot Oil & Gas Corp. has a 12-month low of $14.88 and a 12-month high of $26.74.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COG. Credit Suisse AG boosted its position in Cabot Oil & Gas Corp. by 15.3% in the third quarter. Credit Suisse AG now owns 1,278,200 shares of the oil and gas exploration company’s stock worth $32,978,000 after buying an additional 169,425 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Cabot Oil & Gas Corp. by 7.1% in the third quarter. Ameritas Investment Partners Inc. now owns 30,689 shares of the oil and gas exploration company’s stock worth $791,000 after buying an additional 2,042 shares in the last quarter. Pioneer Investment Management Inc. boosted its position in Cabot Oil & Gas Corp. by 3.8% in the third quarter. Pioneer Investment Management Inc. now owns 6,807,780 shares of the oil and gas exploration company’s stock worth $175,640,000 after buying an additional 249,823 shares in the last quarter. Penn Capital Management Co. Inc. boosted its position in Cabot Oil & Gas Corp. by 1.8% in the third quarter. Penn Capital Management Co. Inc. now owns 13,811 shares of the oil and gas exploration company’s stock worth $356,000 after buying an additional 248 shares in the last quarter. Finally, Energy Opportunities Capital Management LLC boosted its position in Cabot Oil & Gas Corp. by 137.7% in the third quarter. Energy Opportunities Capital Management LLC now owns 291,215 shares of the oil and gas exploration company’s stock worth $7,513,000 after buying an additional 168,710 shares in the last quarter. 94.26% of the stock is owned by institutional investors and hedge funds.

In related news, insider George Kevin Cunningham sold 3,000 shares of Cabot Oil & Gas Corp. 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 completion of the transaction, the insider now directly owns 35,990 shares of the company’s stock, valued at $908,747.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Thursday, November 10th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.37%. Cabot Oil & Gas Corp.’s payout ratio is presently -14.55%.

Cabot Oil & Gas Corp. Company Profile

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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