The Analysts Issue Forecasts for Cabot Oil & Gas Corp.’s Q1 2018 Earnings (COG)

The Analysts Issue Forecasts for Cabot Oil & Gas Corp.’s Q1 2018 Earnings (COG)

Cabot Oil & Gas Corp. (NYSE:COG) – Jefferies Group issued their Q1 2018 earnings estimates for shares of Cabot Oil & Gas Corp. in a research report issued on Tuesday. Jefferies Group analyst Z. Parham expects that the brokerage will post earnings per share of $0.18 for the quarter. Jefferies Group currently has a “Hold” rating and a $25.00 price target on the stock. Jefferies Group also issued estimates for Cabot Oil & Gas Corp.’s Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.70 EPS.

Cabot Oil & Gas Corp. (NYSE:COG) last posted its earnings results on Friday, October 28th. The oil and gas exploration company reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). Cabot Oil & Gas Corp. had a negative return on equity of 4.68% and a negative net margin of 21.03%. The business earned $310.43 million during the quarter, compared to analyst estimates of $325.25 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year.

Several other research firms have also weighed in on COG. Bank of America Corp. lowered Cabot Oil & Gas Corp. from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $27.00 to $21.00 in a research note on Wednesday, January 4th. Stifel Nicolaus reduced their price objective on Cabot Oil & Gas Corp. from $27.00 to $24.00 and set a “hold” rating for the company in a research note on Monday, October 31st. Ladenburg Thalmann raised their price objective on Cabot Oil & Gas Corp. from $30.00 to $32.00 in a research note on Sunday, December 4th. Nomura reissued a “hold” rating and set a $25.00 price objective on shares of Cabot Oil & Gas Corp. in a research note on Monday, November 7th. Finally, SunTrust Banks Inc. cut Cabot Oil & Gas Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Cabot Oil & Gas Corp. has an average rating of “Buy” and an average price target of $27.62.

Shares of Cabot Oil & Gas Corp. (NYSE:COG) opened at 21.67 on Wednesday. The stock has a 50 day moving average price of $22.68 and a 200-day moving average price of $23.62. Cabot Oil & Gas Corp. has a 1-year low of $16.87 and a 1-year high of $26.74. The firm’s market cap is $10.08 billion.

A number of large investors have recently added to or reduced their stakes in COG. Cornercap Investment Counsel Inc. increased its stake in Cabot Oil & Gas Corp. by 50.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 75,785 shares of the oil and gas exploration company’s stock worth $1,770,000 after buying an additional 25,390 shares during the period. Ashburton Jersey Ltd purchased a new stake in Cabot Oil & Gas Corp. during the third quarter worth $686,000. D.A. Davidson & CO. increased its stake in Cabot Oil & Gas Corp. by 68.6% in the third quarter. D.A. Davidson & CO. now owns 11,274 shares of the oil and gas exploration company’s stock worth $290,000 after buying an additional 4,586 shares during the period. Credit Suisse AG increased its stake in Cabot Oil & Gas Corp. by 15.3% in the third quarter. Credit Suisse AG now owns 1,278,200 shares of the oil and gas exploration company’s stock worth $32,978,000 after buying an additional 169,425 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in Cabot Oil & Gas Corp. by 7.1% in the third quarter. Ameritas Investment Partners Inc. now owns 30,689 shares of the oil and gas exploration company’s stock worth $791,000 after buying an additional 2,042 shares during the period. 92.24% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 9th. Stockholders of record on Thursday, January 26th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Tuesday, January 24th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.37%. Cabot Oil & Gas Corp.’s payout ratio is presently -14.55%.

Cabot Oil & Gas Corp. 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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