Cabot Oil & Gas Corporation (NYSE:COG) – Williams Capital lifted their FY2017 earnings estimates for Cabot Oil & Gas Corporation in a research note issued on Monday. Williams Capital analyst G. Sorbara now expects that the oil and gas exploration company will earn $0.73 per share for the year, up from their previous forecast of $0.71. Williams Capital has a “Buy” rating and a $32.00 price target on the stock. Williams Capital also issued estimates for Cabot Oil & Gas Corporation’s FY2018 earnings at $0.98 EPS.

Several other equities research analysts have also recently commented on COG. Stifel Nicolaus assumed coverage on Cabot Oil & Gas Corporation in a research report on Thursday, March 23rd. They set a “buy” rating and a $30.00 price objective on the stock. Scotiabank set a $28.00 price objective on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research report on Monday, March 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Monday, May 15th. Bank of America Corporation raised Cabot Oil & Gas Corporation from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $25.00 to $28.00 in a research report on Thursday, May 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $24.00 price objective on shares of Cabot Oil & Gas Corporation in a research report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $29.58.

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

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Cabot Oil & Gas Corporation (NYSE:COG) traded up 0.35% during mid-day trading on Thursday, hitting $23.18. 1,323,848 shares of the stock traded hands. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $26.74. The company has a 50-day moving average of $23.29 and a 200 day moving average of $23.07. The firm’s market capitalization is $10.79 billion.

Cabot Oil & Gas Corporation (NYSE:COG) last released its quarterly earnings data on Friday, April 28th. The oil and gas exploration company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $517.80 million during the quarter, compared to analyst estimates of $464.45 million. Cabot Oil & Gas Corporation had a negative net margin of 18.70% and a positive return on equity of 1.05%. Cabot Oil & Gas Corporation’s revenue for the quarter was up 83.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.13) EPS.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its position in Cabot Oil & Gas Corporation by 1.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,646 shares of the oil and gas exploration company’s stock worth $231,000 after buying an additional 180 shares during the last quarter. Cleararc Capital Inc. boosted its position in Cabot Oil & Gas Corporation by 2.9% in the first quarter. Cleararc Capital Inc. now owns 11,639 shares of the oil and gas exploration company’s stock worth $278,000 after buying an additional 331 shares during the last quarter. Baird Financial Group Inc. boosted its position in Cabot Oil & Gas Corporation 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. OppenheimerFunds Inc. boosted its position in Cabot Oil & Gas Corporation by 1.9% in the first quarter. OppenheimerFunds Inc. now owns 24,532 shares of the oil and gas exploration company’s stock worth $587,000 after buying an additional 455 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its position in Cabot Oil & Gas Corporation by 4.1% in the first quarter. Heartland Advisors Inc. now owns 11,918 shares of the oil and gas exploration company’s stock worth $285,000 after buying an additional 465 shares during the last quarter. 96.26% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Todd M. Roemer sold 3,737 shares of Cabot Oil & Gas Corporation stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $24.12, for a total transaction of $90,136.44. Following the transaction, the insider now directly owns 62,453 shares of the company’s stock, valued at approximately $1,506,366.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is owned by insiders.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th were given a dividend of $0.05 per share. This is a boost from Cabot Oil & Gas Corporation’s previous quarterly dividend of $0.02. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Monday, May 15th. Cabot Oil & Gas Corporation’s payout ratio is presently -35.71%.

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.

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