Cabot Oil & Gas Co. (NYSE:COG) – Research analysts at Piper Sandler upped their Q2 2020 EPS estimates for shares of Cabot Oil & Gas in a report released on Wednesday, July 8th. Piper Sandler analyst K. Harrison now expects that the oil and gas exploration company will post earnings per share of $0.01 for the quarter, up from their prior forecast of ($0.01). Piper Sandler currently has a “Overweight” rating and a $21.00 price target on the stock.

Cabot Oil & Gas (NYSE:COG) last posted its earnings results on Thursday, April 30th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The business had revenue of $386.46 million for the quarter, compared to analyst estimates of $383.19 million. Cabot Oil & Gas had a return on equity of 18.70% and a net margin of 26.07%. The firm’s revenue was down 39.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Cabot Oil & Gas from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, May 7th. Stifel Nicolaus lowered Cabot Oil & Gas from a “hold” rating to a “sell” rating and upped their price objective for the company from $13.00 to $16.00 in a report on Monday, June 1st. CSFB lowered Cabot Oil & Gas from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $20.00 to $21.00 in a report on Friday, May 1st. Wells Fargo & Co decreased their price objective on Cabot Oil & Gas from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Friday, April 3rd. Finally, Raymond James raised Cabot Oil & Gas from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a report on Tuesday, March 17th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $21.00.

COG stock opened at $17.08 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $6.81 billion, a PE ratio of 14.85 and a beta of 0.21. Cabot Oil & Gas has a 1-year low of $13.06 and a 1-year high of $23.94. The business’s 50 day simple moving average is $18.75 and its 200 day simple moving average is $17.55.

Several institutional investors and hedge funds have recently added to or reduced their stakes in COG. Manning & Napier Group LLC acquired a new stake in shares of Cabot Oil & Gas during the 1st quarter worth $152,690,000. Aristotle Capital Management LLC lifted its position in shares of Cabot Oil & Gas by 30.8% during the 1st quarter. Aristotle Capital Management LLC now owns 36,646,547 shares of the oil and gas exploration company’s stock worth $629,954,000 after buying an additional 8,636,869 shares during the last quarter. Norges Bank bought a new stake in shares of Cabot Oil & Gas during the 4th quarter worth $71,559,000. Wellington Management Group LLP lifted its position in shares of Cabot Oil & Gas by 64.6% during the 1st quarter. Wellington Management Group LLP now owns 9,133,833 shares of the oil and gas exploration company’s stock worth $157,010,000 after buying an additional 3,585,059 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Cabot Oil & Gas by 12.8% during the 1st quarter. State Street Corp now owns 26,955,097 shares of the oil and gas exploration company’s stock worth $463,358,000 after buying an additional 3,065,858 shares during the last quarter. 94.47% of the stock is currently owned by institutional investors.

Cabot Oil & Gas Company Profile

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 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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

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