Cabot Oil & Gas Corporation (NYSE:COG) – Stock analysts at Seaport Global Securities decreased their Q1 2018 earnings per share (EPS) estimates for Cabot Oil & Gas Corporation in a research note issued on Monday. Seaport Global Securities analyst M. Kelly now expects that the oil and gas exploration company will earn $0.11 per share for the quarter, down from their prior forecast of $0.12. Seaport Global Securities also issued estimates for Cabot Oil & Gas Corporation’s Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.16 EPS and FY2018 earnings at $0.57 EPS.

A number of other equities analysts have also weighed in on COG. Williams Capital lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a report on Tuesday, July 18th. Scotiabank set a $28.00 price objective on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Saturday, July 1st. William Blair lowered shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Piper Jaffray Companies decreased their price objective on shares of Cabot Oil & Gas Corporation from $32.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, September 18th. Finally, TheStreet upgraded shares of Cabot Oil & Gas Corporation from a “d+” rating to a “c” rating in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Cabot Oil & Gas Corporation currently has a consensus rating of “Buy” and a consensus target price of $29.29.

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Cabot Oil & Gas Corporation (NYSE:COG) traded down 1.11% during trading on Tuesday, hitting $24.95. The stock had a trading volume of 1,138,193 shares. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $27.14. The company’s market capitalization is $11.54 billion. The stock’s 50-day moving average price is $26.24 and its 200-day moving average price is $24.67.

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

In other news, insider Jeffrey W. Hutton sold 11,918 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 635,124 shares of the company’s stock, valued at approximately $17,014,971.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its position in shares of Cabot Oil & Gas Corporation by 6.9% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 42,125 shares of the oil and gas exploration company’s stock valued at $1,127,000 after acquiring an additional 2,735 shares during the period. Reliance Trust Co. of Delaware bought a new stake in shares of Cabot Oil & Gas Corporation during the 3rd quarter valued at $210,000. Advisors Capital Management LLC grew its position in shares of Cabot Oil & Gas Corporation by 6.9% during the 3rd quarter. Advisors Capital Management LLC now owns 91,625 shares of the oil and gas exploration company’s stock valued at $2,451,000 after acquiring an additional 5,896 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Cabot Oil & Gas Corporation during the 3rd quarter valued at $318,000. Finally, APG Asset Management N.V. bought a new stake in shares of Cabot Oil & Gas Corporation during the 3rd quarter valued at $1,629,000. 96.33% of the stock is owned by hedge funds and other institutional investors.

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)

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