Cabot Oil & Gas Co. (NYSE:COG) – Research analysts at Seaport Global Securities dropped their Q1 2017 earnings estimates for shares of Cabot Oil & Gas Co. in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Kelly now forecasts that the oil and gas exploration company will earn $0.17 per share for the quarter, down from their previous estimate of $0.19. Seaport Global Securities also issued estimates for Cabot Oil & Gas Co.’s FY2017 earnings at $0.61 EPS.

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

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

Several other equities analysts have also weighed in on COG. Bank of America Corp lowered shares of Cabot Oil & Gas Co. from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $27.00 to $21.00 in a report on Wednesday, January 4th. Barclays PLC upgraded shares of Cabot Oil & Gas Co. from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $22.00 to $25.00 in a report on Monday, January 23rd. JPMorgan Chase & Co. upgraded shares of Cabot Oil & Gas Co. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $26.00 to $27.00 in a report on Monday, February 6th. Susquehanna Bancshares Inc upgraded shares of Cabot Oil & Gas Co. from a “neutral” rating to a “positive” rating and upped their price objective for the company from $23.00 to $27.00 in a report on Monday, February 6th. Finally, Scotiabank set a $29.00 price objective on shares of Cabot Oil & Gas Co. and gave the company a “buy” rating in a report on Monday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Cabot Oil & Gas Co. currently has an average rating of “Buy” and an average price target of $28.12.

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Cabot Oil & Gas Co. (NYSE:COG) opened at 23.99 on Thursday. Cabot Oil & Gas Co. has a 1-year low of $20.02 and a 1-year high of $26.74. The firm’s market cap is $11.16 billion. The stock has a 50 day moving average price of $23.37 and a 200-day moving average price of $22.74.

Large investors have recently modified their holdings of the company. Suntrust Banks Inc. increased its stake in shares of Cabot Oil & Gas Co. by 0.7% in the third quarter. Suntrust Banks Inc. now owns 10,785 shares of the oil and gas exploration company’s stock worth $278,000 after buying an additional 70 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Cabot Oil & Gas Co. by 0.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,500 shares of the oil and gas exploration company’s stock worth $941,000 after buying an additional 117 shares during the last quarter. Baird Financial Group Inc. increased its stake in shares of Cabot Oil & Gas Co. by 2.5% in the fourth quarter. Baird Financial Group Inc. now owns 17,624 shares of the oil and gas exploration company’s stock worth $412,000 after buying an additional 433 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of Cabot Oil & Gas Co. by 4.1% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 11,911 shares of the oil and gas exploration company’s stock worth $307,000 after buying an additional 464 shares during the last quarter. Finally, Norinchukin Bank The increased its stake in shares of Cabot Oil & Gas Co. by 2.1% in the third quarter. Norinchukin Bank The now owns 24,902 shares of the oil and gas exploration company’s stock worth $642,000 after buying an additional 511 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

Cabot Oil & Gas Co. 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.

5 Day Chart for NYSE:COG

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