Cabot Oil & Gas Co. (NYSE:COG) – Investment analysts at KeyCorp dropped their FY2018 earnings per share (EPS) estimates for shares of Cabot Oil & Gas Co. in a report issued on Wednesday. KeyCorp analyst D. Deckelbaum now expects that the oil and gas exploration company will post earnings of $0.73 per share for the year, down from their prior forecast of $0.74.

Other equities analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Cabot Oil & Gas Co. from a “hold” rating to a “buy” rating in a report on Wednesday, July 5th. Scotiabank set a $28.00 price target on shares of Cabot Oil & Gas Co. and gave the company a “buy” rating in a report on Saturday, July 1st. Bank of America Corporation upgraded shares of Cabot Oil & Gas Co. from a “neutral” rating to a “buy” rating and increased their price target for the company from $28.00 to $32.00 in a report on Friday, June 30th. Cowen and Company set a $30.00 price objective on shares of Cabot Oil & Gas Co. and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, BMO Capital Markets set a $30.00 price objective on shares of Cabot Oil & Gas Co. and gave the company a “buy” rating in a research note on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Cabot Oil & Gas Co. has a consensus rating of “Buy” and a consensus target price of $29.29.

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Cabot Oil & Gas Co. (COG) opened at 25.53 on Monday. The company has a 50-day moving average of $26.29 and a 200 day moving average of $24.66. The company’s market cap is $11.81 billion. Cabot Oil & Gas Co. has a one year low of $20.02 and a one year high of $27.14.

Cabot Oil & Gas Co. (NYSE:COG) last issued its earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $460.50 million during the quarter, compared to the consensus estimate of $454.76 million. Cabot Oil & Gas Co. had a return on equity of 3.23% and a net margin of 4.68%. The company’s quarterly revenue was up 86.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) EPS.

Hedge funds have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. acquired a new stake in shares of Cabot Oil & Gas Co. during the second quarter worth approximately $100,000. IFP Advisors Inc grew its position in shares of Cabot Oil & Gas Co. by 11.1% during the second quarter. IFP Advisors Inc now owns 4,569 shares of the oil and gas exploration company’s stock worth $115,000 after buying an additional 457 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Cabot Oil & Gas Co. 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 buying an additional 71 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Cabot Oil & Gas Co. by 83.8% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock worth $163,000 after buying an additional 3,100 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Cabot Oil & Gas Co. during the second quarter worth approximately $163,000. 96.30% of the stock is owned by institutional investors and hedge funds.

In other news, insider Jeffrey W. Hutton sold 11,918 shares of Cabot Oil & Gas Co. stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $26.79, for a total transaction of $319,283.22. Following the sale, the insider now owns 635,124 shares in the company, valued at $17,014,971.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% 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.

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

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