Wall Street analysts predict that Cabot Oil & Gas Co. (NYSE:COG) will report earnings per share (EPS) of $0.27 for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Cabot Oil & Gas’ earnings. The highest EPS estimate is $0.32 and the lowest is $0.18. Cabot Oil & Gas posted earnings of $0.07 per share during the same quarter last year, which suggests a positive year over year growth rate of 285.7%. The company is expected to announce its next quarterly earnings results before the market opens on Friday, October 26th.

On average, analysts expect that Cabot Oil & Gas will report full-year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $0.89 to $1.21. For the next financial year, analysts forecast that the business will post earnings of $1.57 per share, with EPS estimates ranging from $0.64 to $2.07. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Cabot Oil & Gas.

Cabot Oil & Gas (NYSE:COG) last released its quarterly earnings results on Friday, July 27th. The oil and gas exploration company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.05). Cabot Oil & Gas had a net margin of 7.75% and a return on equity of 10.84%. The company had revenue of $453.50 million for the quarter, compared to analysts’ expectations of $384.57 million. During the same quarter in the previous year, the company posted $0.14 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis.

Several analysts recently weighed in on the company. Zacks Investment Research lowered Cabot Oil & Gas from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine upgraded Cabot Oil & Gas from a “sell” rating to a “hold” rating in a report on Tuesday. Piper Jaffray Companies set a $26.00 price target on Cabot Oil & Gas and gave the company a “buy” rating in a report on Monday, October 8th. Morgan Stanley increased their target price on Cabot Oil & Gas from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, July 12th. Finally, TD Securities initiated coverage on Cabot Oil & Gas in a research note on Thursday, July 5th. They issued a “buy” rating and a $29.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $29.19.

NYSE:COG traded up $0.19 during midday trading on Monday, hitting $23.38. 5,006,885 shares of the company traded hands, compared to its average volume of 5,887,623. Cabot Oil & Gas has a 12-month low of $21.48 and a 12-month high of $29.57. The firm has a market capitalization of $9.94 billion, a PE ratio of 48.71, a PEG ratio of 0.77 and a beta of 0.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.64 and a current ratio of 1.67.

A number of hedge funds have recently added to or reduced their stakes in the business. Advisors Capital Management LLC increased its stake in shares of Cabot Oil & Gas by 8.1% during the third quarter. Advisors Capital Management LLC now owns 114,461 shares of the oil and gas exploration company’s stock valued at $2,578,000 after buying an additional 8,536 shares during the period. DNB Asset Management AS increased its stake in shares of Cabot Oil & Gas by 10.7% during the third quarter. DNB Asset Management AS now owns 61,828 shares of the oil and gas exploration company’s stock valued at $1,392,000 after buying an additional 6,000 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Cabot Oil & Gas by 5.8% during the third quarter. State of Alaska Department of Revenue now owns 195,737 shares of the oil and gas exploration company’s stock valued at $4,406,000 after buying an additional 10,756 shares during the period. Cerebellum GP LLC increased its stake in shares of Cabot Oil & Gas by 198.9% during the third quarter. Cerebellum GP LLC now owns 7,671 shares of the oil and gas exploration company’s stock valued at $173,000 after buying an additional 5,105 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. increased its stake in shares of Cabot Oil & Gas by 1.1% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 467,051 shares of the oil and gas exploration company’s stock valued at $10,518,000 after buying an additional 5,188 shares during the period. Institutional investors and hedge funds own 94.74% of the company’s stock.

About Cabot Oil & Gas

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 172,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; and the Eagle Ford Shale with approximately 79,000 net acres in the oil window of the play located in Atascosa, Frio, and La Salle Counties, Texas.

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