Q1 2018 EPS Estimates for Cabot Oil & Gas Corporation Decreased by KeyCorp (COG)
Cabot Oil & Gas Corporation (NYSE:COG) – Equities researchers at KeyCorp lowered their Q1 2018 earnings per share estimates for Cabot Oil & Gas in a research report issued on Tuesday. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas exploration company will earn $0.24 per share for the quarter, down from their previous forecast of $0.26. KeyCorp has a “Buy” rating and a $30.00 price objective on the stock. KeyCorp also issued estimates for Cabot Oil & Gas’ Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.24 EPS and FY2018 earnings at $1.02 EPS.
Cabot Oil & Gas (NYSE:COG) last released its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Cabot Oil & Gas had a negative net margin of 8.80% and a positive return on equity of 6.63%. The company had revenue of $385.40 million during the quarter, compared to the consensus estimate of $400.85 million. During the same period last year, the firm posted ($0.04) EPS. The company’s revenue was up 24.2% on a year-over-year basis.
Shares of Cabot Oil & Gas (COG) opened at $26.64 on Friday. Cabot Oil & Gas has a 52 week low of $20.55 and a 52 week high of $29.57. The company has a quick ratio of 1.61, a current ratio of 1.64 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $12,607.98, a PE ratio of 71.74, a PEG ratio of 1.87 and a beta of 0.52.
The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Wednesday, November 8th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%. Cabot Oil & Gas’s dividend payout ratio (DPR) is -64.51%.
In other news, Director Robert Kelley bought 2,000 shares of Cabot Oil & Gas stock in a transaction on Tuesday, October 31st. The shares were purchased at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the acquisition, the director now owns 619,500 shares of the company’s stock, valued at $17,017,665. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Dan O. Dinges sold 66,610 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $27.92, for a total value of $1,859,751.20. Following the transaction, the chairman now owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its stake in shares of Cabot Oil & Gas by 11.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,020,777 shares of the oil and gas exploration company’s stock worth $27,306,000 after buying an additional 105,171 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Cabot Oil & Gas in the 3rd quarter worth approximately $303,000. Tortoise Capital Advisors L.L.C. grew its stake in shares of Cabot Oil & Gas by 31.8% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 693,177 shares of the oil and gas exploration company’s stock worth $18,542,000 after buying an additional 167,083 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Cabot Oil & Gas by 2.6% in the 3rd quarter. Sterling Capital Management LLC now owns 447,800 shares of the oil and gas exploration company’s stock worth $11,979,000 after buying an additional 11,500 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in shares of Cabot Oil & Gas by 3.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 21,373,544 shares of the oil and gas exploration company’s stock worth $571,742,000 after buying an additional 708,814 shares during the last quarter. Hedge funds and other institutional investors own 95.69% of the company’s stock.
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Cabot Oil & Gas 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.
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