$0.36 Earnings Per Share Expected for Cabot Oil & Gas Co. (NYSE:COG) This Quarter

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Wall Street analysts expect that Cabot Oil & Gas Co. (NYSE:COG) will report earnings of $0.36 per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Cabot Oil & Gas’ earnings, with estimates ranging from $0.28 to $0.45. Cabot Oil & Gas posted earnings of $0.13 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 176.9%. The business is expected to report its next quarterly earnings report on Friday, July 26th.

On average, analysts expect that Cabot Oil & Gas will report full year earnings of $1.96 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $2.23. For the next financial year, analysts forecast that the business will report earnings of $1.88 per share, with EPS estimates ranging from $1.34 to $2.21. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Cabot Oil & Gas.

Cabot Oil & Gas (NYSE:COG) last announced its quarterly earnings results on Friday, April 26th. The oil and gas exploration company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The firm had revenue of $641.70 million for the quarter, compared to analysts’ expectations of $674.71 million. Cabot Oil & Gas had a net margin of 29.81% and a return on equity of 31.52%. Cabot Oil & Gas’s revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share.

A number of research analysts have weighed in on COG shares. Williams Capital reaffirmed a “hold” rating and set a $27.00 price target on shares of Cabot Oil & Gas in a research report on Friday, February 22nd. Zacks Investment Research cut shares of Cabot Oil & Gas from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. TD Securities boosted their target price on shares of Cabot Oil & Gas from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Guggenheim set a $27.00 target price on shares of Cabot Oil & Gas and gave the stock a “hold” rating in a research report on Friday, February 22nd. Finally, Cowen began coverage on shares of Cabot Oil & Gas in a research report on Tuesday, April 9th. They set an “outperform” rating and a $32.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $29.08.

Shares of COG stock opened at $23.88 on Wednesday. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 0.36 and a beta of 0.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.75 and a current ratio of 2.83. Cabot Oil & Gas has a fifty-two week low of $20.94 and a fifty-two week high of $27.65.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.09 per share. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Tuesday, May 14th. Cabot Oil & Gas’s payout ratio is presently 31.86%.

In other news, insider Jeffrey W. Hutton sold 150,720 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $26.11, for a total transaction of $3,935,299.20. Following the transaction, the insider now directly owns 629,270 shares of the company’s stock, valued at $16,430,239.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Cabot Oil & Gas by 1.1% in the first quarter. BlackRock Inc. now owns 29,628,467 shares of the oil and gas exploration company’s stock worth $773,304,000 after buying an additional 328,207 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Cabot Oil & Gas by 10.4% in the first quarter. Neuberger Berman Group LLC now owns 14,287,550 shares of the oil and gas exploration company’s stock worth $372,905,000 after buying an additional 1,343,815 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Cabot Oil & Gas by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 5,654,486 shares of the oil and gas exploration company’s stock worth $126,159,000 after buying an additional 237,315 shares during the last quarter. Northern Trust Corp increased its stake in shares of Cabot Oil & Gas by 2.4% in the fourth quarter. Northern Trust Corp now owns 4,886,894 shares of the oil and gas exploration company’s stock worth $109,222,000 after buying an additional 114,251 shares during the last quarter. Finally, Primecap Management Co. CA increased its stake in shares of Cabot Oil & Gas by 1.2% in the first quarter. Primecap Management Co. CA now owns 3,518,154 shares of the oil and gas exploration company’s stock worth $91,824,000 after buying an additional 41,300 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

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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