Q4 2016 EPS Estimates for Cabot Oil & Gas Corp. Increased by Seaport Global Securities (COG)
Cabot Oil & Gas Corp. (NYSE:COG) – Equities research analysts at Seaport Global Securities increased their Q4 2016 EPS estimates for shares of Cabot Oil & Gas Corp. in a report released on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the firm will post earnings of $0.04 per share for the quarter, up from their previous estimate of $0.03. Seaport Global Securities also issued estimates for Cabot Oil & Gas Corp.’s Q1 2017 earnings at $0.18 EPS, Q2 2017 earnings at $0.09 EPS, Q3 2017 earnings at $0.08 EPS, Q4 2017 earnings at $0.15 EPS and FY2017 earnings at $0.49 EPS.
Cabot Oil & Gas Corp. (NYSE:COG) last posted its earnings results on Friday, July 29th. The oil and gas exploration company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. Cabot Oil & Gas Corp. had a negative return on equity of 4.16% and a negative net margin of 21.59%. The business earned $246.80 million during the quarter, compared to analysts’ expectations of $270.13 million. During the same period in the prior year, the business earned $0.03 EPS. Cabot Oil & Gas Corp.’s revenue for the quarter was down 19.4% compared to the same quarter last year.
Several other analysts have also recently weighed in on the company. Scotiabank upgraded Cabot Oil & Gas Corp. from a “sector perform” rating to a “sector outperform” rating and set a $30.00 price target on the stock in a report on Saturday, August 13th. Zacks Investment Research upgraded Cabot Oil & Gas Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Monday, August 8th. Howard Weil upgraded Cabot Oil & Gas Corp. from a “sector perform” rating to a “sector outperform” rating and set a $30.00 price target on the stock in a report on Thursday, August 11th. GMP Securities started coverage on Cabot Oil & Gas Corp. in a report on Wednesday, September 28th. They set a “buy” rating and a $39.00 price target on the stock. Finally, Williams Capital started coverage on Cabot Oil & Gas Corp. in a report on Monday, August 29th. They set a “buy” rating and a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.83.
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Cabot Oil & Gas Corp. (NYSE:COG) traded up 0.985% during mid-day trading on Thursday, reaching $24.095. The company had a trading volume of 6,223,168 shares. The firm’s market capitalization is $11.21 billion. The firm’s 50-day moving average is $25.09 and its 200-day moving average is $24.46. Cabot Oil & Gas Corp. has a one year low of $14.88 and a one year high of $26.74.
In related news, insider George Kevin Cunningham sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $25.25, for a total transaction of $75,750.00. Following the completion of the sale, the insider now owns 35,990 shares in the company, valued at $908,747.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.
A number of large investors have recently made changes to their positions in the company. Financial Architects Inc bought a new stake in shares of Cabot Oil & Gas Corp. during the second quarter valued at about $106,000. BlueMountain Capital Management LLC bought a new stake in shares of Cabot Oil & Gas Corp. during the first quarter valued at about $124,000. Advisor Group Inc. bought a new stake in shares of Cabot Oil & Gas Corp. during the second quarter valued at about $153,000. Mizuho Asset Management Co. Ltd. increased its stake in shares of Cabot Oil & Gas Corp. by 96.3% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 6,202 shares of the oil and gas exploration company’s stock valued at $160,000 after buying an additional 3,042 shares during the period. Finally, Hartwell J M Limited Partnership bought a new stake in shares of Cabot Oil & Gas Corp. during the second quarter valued at about $206,000. Institutional investors and hedge funds own 94.93% of the company’s stock.
Cabot Oil & Gas Corp. 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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