Cabot Oil & Gas Corporation (NYSE:COG) – Stock analysts at Jefferies Group reduced their Q3 2017 earnings estimates for Cabot Oil & Gas Corporation in a research report issued on Monday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas exploration company will post earnings per share of $0.05 for the quarter, down from their previous forecast of $0.13. Jefferies Group has a “Hold” rating and a $24.00 price objective on the stock. Jefferies Group also issued estimates for Cabot Oil & Gas Corporation’s Q2 2018 earnings at $0.14 EPS and Q3 2018 earnings at $0.16 EPS.

Several other research analysts have also recently commented on COG. Barclays PLC increased their price target on Cabot Oil & Gas Corporation from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday. TheStreet raised Cabot Oil & Gas Corporation from a “d+” rating to a “c” rating in a research report on Friday, October 6th. BMO Capital Markets set a $30.00 price target on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research report on Tuesday. Williams Capital reissued a “hold” rating and set a $28.00 price target on shares of Cabot Oil & Gas Corporation in a research report on Monday. Finally, Piper Jaffray Companies reduced their price target on Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $29.06.

ILLEGAL ACTIVITY NOTICE: “Jefferies Group Weighs in on Cabot Oil & Gas Corporation’s Q3 2017 Earnings (COG)” was published by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/10/12/jefferies-group-weighs-in-on-cabot-oil-gas-corporations-q3-2017-earnings-cog.html.

Shares of Cabot Oil & Gas Corporation (NYSE COG) opened at 25.51 on Thursday. The firm’s market capitalization is $11.80 billion. The stock’s 50 day moving average price is $26.13 and its 200 day moving average price is $24.57. Cabot Oil & Gas Corporation has a one year low of $20.02 and a one year high of $27.14.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $460.50 million for the quarter, compared to analyst estimates of $454.76 million. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The firm’s quarterly revenue was up 86.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) earnings per share.

In related news, insider Jeffrey W. Hutton sold 11,918 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $26.79, for a total value of $319,283.22. Following the transaction, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of Cabot Oil & Gas Corporation by 1.4% during the second quarter. Parallel Advisors LLC now owns 5,050 shares of the oil and gas exploration company’s stock worth $126,000 after acquiring an additional 71 shares in the last quarter. Cadence Capital Management LLC lifted its position in shares of Cabot Oil & Gas Corporation by 0.7% during the second quarter. Cadence Capital Management LLC now owns 17,285 shares of the oil and gas exploration company’s stock worth $434,000 after acquiring an additional 127 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Cabot Oil & Gas Corporation by 1.9% during 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 acquiring an additional 180 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Cabot Oil & Gas Corporation by 1.8% during the second quarter. Thrivent Financial For Lutherans now owns 17,800 shares of the oil and gas exploration company’s stock worth $446,000 after acquiring an additional 310 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Cabot Oil & Gas Corporation by 1.9% during the first quarter. OppenheimerFunds Inc. now owns 24,532 shares of the oil and gas exploration company’s stock worth $587,000 after acquiring an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 96.33% of the company’s stock.

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.

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

Receive News & Ratings for Cabot Oil & Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.