Brokerages expect Cabot Oil & Gas Co. (NYSE:COG) to report $0.27 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Cabot Oil & Gas’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.32. Cabot Oil & Gas reported earnings of $0.07 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 285.7%. The firm is scheduled to report its next quarterly earnings report before the market opens on Friday, October 26th.

According to Zacks, analysts expect that Cabot Oil & Gas will report full-year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $0.89 to $1.21. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.61 per share, with EPS estimates ranging from $0.64 to $2.07. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Cabot Oil & Gas.

Cabot Oil & Gas (NYSE:COG) last issued its quarterly earnings data on Friday, July 27th. The oil and gas exploration company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). Cabot Oil & Gas had a return on equity of 10.84% and a net margin of 7.75%. The business had revenue of $453.50 million during the quarter, compared to the consensus estimate of $384.57 million. During the same period last year, the company earned $0.14 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year.

A number of brokerages have issued reports on COG. ValuEngine lowered Cabot Oil & Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Susquehanna Bancshares raised Cabot Oil & Gas from a “neutral” rating to a “positive” rating and increased their price target for the company from $27.00 to $28.00 in a research note on Monday, July 30th. TD Securities began coverage on Cabot Oil & Gas in a research note on Thursday, July 5th. They set a “buy” rating and a $29.00 price target for the company. Morgan Stanley increased their price target on Cabot Oil & Gas from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, July 12th. Finally, UBS Group raised Cabot Oil & Gas from a “neutral” rating to a “positive” rating in a research note on Monday, July 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Cabot Oil & Gas has a consensus rating of “Buy” and a consensus target price of $29.67.

Several large investors have recently made changes to their positions in COG. American Century Companies Inc. acquired a new stake in shares of Cabot Oil & Gas during the 1st quarter valued at $1,093,000. Aperio Group LLC lifted its position in shares of Cabot Oil & Gas by 2.5% during the 1st quarter. Aperio Group LLC now owns 202,087 shares of the oil and gas exploration company’s stock valued at $4,846,000 after acquiring an additional 4,901 shares during the last quarter. Gabelli Funds LLC lifted its position in shares of Cabot Oil & Gas by 4.4% during the 1st quarter. Gabelli Funds LLC now owns 138,300 shares of the oil and gas exploration company’s stock valued at $3,316,000 after acquiring an additional 5,800 shares during the last quarter. Advisors Capital Management LLC lifted its position in shares of Cabot Oil & Gas by 6.1% during the 1st quarter. Advisors Capital Management LLC now owns 102,242 shares of the oil and gas exploration company’s stock valued at $2,452,000 after acquiring an additional 5,847 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Cabot Oil & Gas by 24.7% during the 1st quarter. Toronto Dominion Bank now owns 248,506 shares of the oil and gas exploration company’s stock valued at $5,958,000 after acquiring an additional 49,285 shares during the last quarter. Institutional investors own 94.69% of the company’s stock.

NYSE COG traded down $0.45 on Friday, reaching $22.52. 9,398,900 shares of the stock traded hands, compared to its average volume of 5,819,178. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 1.67. The firm has a market cap of $9.91 billion, a P/E ratio of 46.98, a PEG ratio of 0.76 and a beta of 0.38. Cabot Oil & Gas has a 12 month low of $21.48 and a 12 month high of $29.57.

About Cabot Oil & Gas

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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