Brokerages expect Cabot Oil & Gas Corporation (NYSE:COG) to post earnings of $0.14 per share for the current quarter, Zacks reports. Seven analysts have provided estimates for Cabot Oil & Gas’ earnings. The highest EPS estimate is $0.22 and the lowest is $0.06. Cabot Oil & Gas reported earnings per share of $0.01 in the same quarter last year, which indicates a positive year over year growth rate of 1,300%. The firm is scheduled to issue its next quarterly earnings results on Friday, February 23rd.
On average, analysts expect that Cabot Oil & Gas will report full year earnings of $0.54 per share for the current financial year, with EPS estimates ranging from $0.46 to $0.62. For the next fiscal year, analysts forecast that the business will post earnings of $0.92 per share, with EPS estimates ranging from $0.60 to $1.12. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Cabot Oil & Gas.
Cabot Oil & Gas (NYSE:COG) last posted its earnings results on Friday, October 27th. The oil and gas exploration company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Cabot Oil & Gas had a positive return on equity of 6.63% and a negative net margin of 8.80%. The business had revenue of $385.40 million for the quarter, compared to the consensus estimate of $400.85 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. The company’s revenue was up 24.2% compared to the same quarter last year.
In related news, Director Robert Kelley bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were bought at an average price of $27.47 per share, for a total transaction of $54,940.00. Following the transaction, the director now directly owns 619,500 shares of the company’s stock, valued at $17,017,665. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Dan O. Dinges sold 66,610 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $27.92, for a total transaction of $1,859,751.20. Following the transaction, the chairman now owns 2,887,018 shares in the company, valued at approximately $80,605,542.56. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. acquired a new position in Cabot Oil & Gas during the second quarter worth $100,000. IFP Advisors Inc raised its holdings in Cabot Oil & Gas 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 during the last quarter. Parallel Advisors LLC raised its holdings in Cabot Oil & Gas 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 during the last quarter. Advisors Asset Management Inc. acquired a new position in Cabot Oil & Gas during the third quarter worth $130,000. Finally, Pinebridge Investments L.P. acquired a new position in Cabot Oil & Gas during the second quarter worth $163,000. Institutional investors own 95.70% of the company’s stock.
Cabot Oil & Gas (COG) traded down $0.27 during trading hours on Friday, hitting $28.68. 7,238,323 shares of the stock were exchanged, compared to its average volume of 4,764,752. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.61 and a current ratio of 1.64. Cabot Oil & Gas has a 12 month low of $20.55 and a 12 month high of $29.57. The company has a market cap of $13,264.73, a price-to-earnings ratio of 75.47, a P/E/G ratio of 1.93 and a beta of 0.52.
The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Wednesday, November 8th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.70%. Cabot Oil & Gas’s payout ratio is presently -64.51%.
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Cabot Oil & Gas 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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