Cabot Oil & Gas Co. (NYSE:COG) – Equities researchers at Jefferies Group reduced their Q1 2017 EPS estimates for shares of Cabot Oil & Gas Co. in a research report issued on Tuesday. Jefferies Group analyst Z. Parham now anticipates that the oil and gas exploration company will earn $0.15 per share for the quarter, down from their prior forecast of $0.17. Jefferies Group currently has a “Hold” rating and a $24.00 target price on the stock. Jefferies Group also issued estimates for Cabot Oil & Gas Co.’s Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.21 EPS.

Cabot Oil & Gas Co. (NYSE:COG) last posted its earnings results on Friday, February 24th. The oil and gas exploration company reported $0.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. The company had revenue of $316.50 million for the quarter, compared to analyst estimates of $358.55 million. Cabot Oil & Gas Co. had a negative return on equity of 4.68% and a negative net margin of 21.03%. Cabot Oil & Gas Co.’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) earnings per share.

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

Other research analysts also recently issued research reports about the company. Scotiabank set a $29.00 target price on Cabot Oil & Gas Co. and gave the company a “buy” rating in a research note on Monday, February 6th. Bank of America Corp downgraded Cabot Oil & Gas Co. from a “buy” rating to an “underperform” rating and lowered their target price for the company from $27.00 to $21.00 in a research note on Wednesday, January 4th. Barclays PLC upgraded Cabot Oil & Gas Co. from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $22.00 to $25.00 in a research note on Monday, January 23rd. Susquehanna Bancshares Inc upgraded Cabot Oil & Gas Co. from a “neutral” rating to a “positive” rating and boosted their target price for the company from $23.00 to $27.00 in a research note on Monday, February 6th. Finally, Stifel Nicolaus began coverage on Cabot Oil & Gas Co. in a research note on Thursday, March 23rd. They issued a “buy” rating and a $30.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $28.12.

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Shares of Cabot Oil & Gas Co. (NYSE:COG) opened at 23.99 on Thursday. The firm has a 50-day moving average price of $23.37 and a 200 day moving average price of $22.74. Cabot Oil & Gas Co. has a 12-month low of $20.02 and a 12-month high of $26.74. The firm’s market cap is $11.16 billion.

Large investors have recently added to or reduced their stakes in the stock. Boston Private Wealth LLC raised its stake in Cabot Oil & Gas Co. by 7.4% in the third quarter. Boston Private Wealth LLC now owns 142,644 shares of the oil and gas exploration company’s stock valued at $3,680,000 after buying an additional 9,804 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in Cabot Oil & Gas Co. by 42.5% in the third quarter. Miller Howard Investments Inc. NY now owns 388,569 shares of the oil and gas exploration company’s stock valued at $10,025,000 after buying an additional 115,936 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Cabot Oil & Gas Co. by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 11,906,371 shares of the oil and gas exploration company’s stock valued at $307,184,000 after buying an additional 151,663 shares in the last quarter. Sanders Capital LLC raised its stake in Cabot Oil & Gas Co. by 46.1% in the third quarter. Sanders Capital LLC now owns 17,933,061 shares of the oil and gas exploration company’s stock valued at $472,013,000 after buying an additional 5,660,006 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in Cabot Oil & Gas Co. by 32.0% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 519,631 shares of the oil and gas exploration company’s stock valued at $13,406,000 after buying an additional 126,015 shares in the last quarter. Institutional investors own 95.27% of the company’s stock.

About Cabot Oil & Gas Co.

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.

5 Day Chart for NYSE:COG

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