Cabot Oil & Gas Co. (NYSE:COG) – Analysts at KeyCorp reduced their Q1 2017 EPS estimates for Cabot Oil & Gas Co. in a research note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas exploration company will post earnings per share of $0.17 for the quarter, down from their previous forecast of $0.20. KeyCorp also issued estimates for Cabot Oil & Gas Co.’s Q2 2017 earnings at $0.14 EPS, Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $0.60 EPS, Q1 2018 earnings at $0.20 EPS and Q4 2018 earnings at $0.24 EPS.

Cabot Oil & Gas Co. (NYSE:COG) last announced its quarterly earnings data on Friday, February 24th. The oil and gas exploration company reported $0.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. Cabot Oil & Gas Co. had a negative return on equity of 4.68% and a negative net margin of 21.03%. The firm had revenue of $316.50 million for the quarter, compared to analysts’ expectations of $358.55 million. During the same period last year, the business posted ($0.02) earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “Cabot Oil & Gas Co. (COG) to Post Q1 2017 Earnings of $0.17 Per Share, KeyCorp Forecasts” was first published by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at http://www.watchlistnews.com/cabot-oil-gas-co-cog-to-post-q1-2017-earnings-of-0-17-per-share-keycorp-forecasts/1206846.html.

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

A number of other research firms have also commented on COG. Scotiabank set a $29.00 price objective on Cabot Oil & Gas Co. and gave the stock a “buy” rating in a research note on Monday, February 6th. Bank of America Corp lowered Cabot Oil & Gas Co. from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $27.00 to $21.00 in a research note on Wednesday, January 4th. Barclays PLC raised Cabot Oil & Gas Co. from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $22.00 to $25.00 in a research note on Monday, January 23rd. Susquehanna Bancshares Inc raised Cabot Oil & Gas Co. from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $23.00 to $27.00 in a research note on Monday, February 6th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $24.00 price objective on shares of Cabot Oil & Gas Co. in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $28.12.

Cabot Oil & Gas Co. (NYSE:COG) opened at 24.47 on Friday. The company’s 50-day moving average price is $23.43 and its 200 day moving average price is $22.76. Cabot Oil & Gas Co. has a 52 week low of $20.02 and a 52 week high of $26.74. The company’s market capitalization is $11.38 billion.

Large investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Asset Management Company LTD increased its stake in Cabot Oil & Gas Co. by 0.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,500 shares of the oil and gas exploration company’s stock worth $941,000 after buying an additional 117 shares in the last quarter. Nikko Asset Management Americas Inc. increased its stake in Cabot Oil & Gas Co. by 13.4% in the third quarter. Nikko Asset Management Americas Inc. now owns 534,457 shares of the oil and gas exploration company’s stock worth $13,783,000 after buying an additional 63,300 shares in the last quarter. World Asset Management Inc increased its stake in Cabot Oil & Gas Co. by 1.9% in the third quarter. World Asset Management Inc now owns 46,176 shares of the oil and gas exploration company’s stock worth $1,191,000 after buying an additional 862 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in Cabot Oil & Gas Co. during the third quarter worth approximately $2,304,000. Finally, DnB Asset Management AS increased its stake in Cabot Oil & Gas Co. by 7.1% in the third quarter. DnB Asset Management AS now owns 25,528 shares of the oil and gas exploration company’s stock worth $659,000 after buying an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company’s stock.

Cabot Oil & Gas Co. 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

Receive News & Ratings for Cabot Oil & Gas Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.