Cabot Oil & Gas Corporation (NYSE:COG) – Equities research analysts at KeyCorp cut their Q3 2017 EPS estimates for shares of Cabot Oil & Gas Corporation in a note issued to investors on Tuesday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas exploration company will earn $0.09 per share for the quarter, down from their previous estimate of $0.11. KeyCorp also issued estimates for Cabot Oil & Gas Corporation’s Q4 2017 earnings at $0.21 EPS.

Several other analysts have also issued reports on the company. Bank of America Corporation upgraded Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $32.00 in a report on Friday, June 30th. BMO Capital Markets reiterated a “buy” rating and set a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Monday, May 15th. Cowen and Company set a $30.00 price objective on Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. BidaskClub upgraded Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Finally, William Blair lowered Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $29.67.

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Shares of Cabot Oil & Gas Corporation (NYSE COG) opened at 26.87 on Thursday. Cabot Oil & Gas Corporation has a 52 week low of $20.02 and a 52 week high of $26.95. The firm’s 50-day moving average price is $24.92 and its 200 day moving average price is $23.84. The firm’s market capitalization is $12.43 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The business’s revenue was up 86.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Shareholders of record on Thursday, August 10th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Tuesday, August 8th. Cabot Oil & Gas Corporation’s payout ratio is -54.05%.

A number of large investors have recently added to or reduced their stakes in COG. First Manhattan Co. bought a new stake in Cabot Oil & Gas Corporation during the first quarter worth $100,000. Westwood Holdings Group Inc. acquired a new position in shares of Cabot Oil & Gas Corporation during the second quarter valued at approximately $100,000. IFP Advisors Inc increased its position in shares of Cabot Oil & Gas Corporation by 11.1% in the second quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 457 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Cabot Oil & Gas Corporation by 1.4% in the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock valued at $126,000 after buying an additional 71 shares during the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in shares of Cabot Oil & Gas Corporation during the second quarter valued at approximately $163,000. 96.34% of the stock is currently owned by institutional investors.

Cabot Oil & Gas Corporation 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.

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

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