Cabot Oil & Gas Corp. (NYSE:COG) – Stock analysts at KeyCorp decreased their Q1 2017 EPS estimates for shares of Cabot Oil & Gas Corp. in a report released on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the firm will earn $0.15 per share for the quarter, down from their prior forecast of $0.19. KeyCorp also issued estimates for Cabot Oil & Gas Corp.’s Q2 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.10 EPS, FY2017 earnings at $0.39 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.11 EPS and FY2018 earnings at $0.74 EPS.

Cabot Oil & Gas Corp. (NYSE:COG) last posted its quarterly earnings data on Friday, October 28th. The oil and gas exploration company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The firm earned $310.43 million during the quarter, compared to analyst estimates of $325.25 million. Cabot Oil & Gas Corp. had a negative return on equity of 4.68% and a negative net margin of 21.03%. Cabot Oil & Gas Corp.’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS.

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

Several other equities analysts have also issued reports on COG. Jefferies Group reissued a “hold” rating on shares of Cabot Oil & Gas Corp. in a report on Thursday, August 11th. Zacks Investment Research lowered shares of Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Barclays PLC lifted their price target on shares of Cabot Oil & Gas Corp. from $22.00 to $23.00 and gave the stock an “equal weight” rating in a report on Thursday, September 1st. Stifel Nicolaus reaffirmed a “hold” rating on shares of Cabot Oil & Gas Corp. in a report on Wednesday, August 31st. Finally, Capital One Financial Corp. raised shares of Cabot Oil & Gas Corp. from an “equal weight” rating to an “overweight” rating in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.77.

Cabot Oil & Gas Corp. (NYSE:COG) traded up 2.804% during midday trading on Wednesday, hitting $23.285. The stock had a trading volume of 2,565,003 shares. The firm has a 50-day moving average of $22.08 and a 200 day moving average of $24.11. The firm’s market capitalization is $10.83 billion. Cabot Oil & Gas Corp. has a 52-week low of $14.88 and a 52-week high of $26.74.

Several hedge funds have recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Cabot Oil & Gas Corp. by 77.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 52,395 shares of the oil and gas exploration company’s stock valued at $1,349,000 after buying an additional 22,800 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Cabot Oil & Gas Corp. by 5.2% in the second quarter. Capstone Asset Management Co. now owns 30,494 shares of the oil and gas exploration company’s stock valued at $785,000 after buying an additional 1,500 shares in the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Cabot Oil & Gas Corp. by 3.0% in the second quarter. Gateway Investment Advisers LLC now owns 32,174 shares of the oil and gas exploration company’s stock valued at $828,000 after buying an additional 923 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Cabot Oil & Gas Corp. by 2.8% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 397,229 shares of the oil and gas exploration company’s stock valued at $10,224,000 after buying an additional 10,727 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of Cabot Oil & Gas Corp. by 7.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 120,365 shares of the oil and gas exploration company’s stock valued at $3,098,000 after buying an additional 8,839 shares in the last quarter. 94.75% of the stock is owned by institutional investors and hedge funds.

In other 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 transaction of $75,750.00. Following the completion of the sale, the insider now owns 35,990 shares of the company’s stock, valued at $908,747.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Thursday, November 10th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.35%. Cabot Oil & Gas Corp.’s dividend payout ratio is currently -14.55%.

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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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