Cabot Oil & Gas Corporation (NYSE:COG) – Research analysts at Seaport Global Securities dropped their FY2018 earnings per share estimates for shares of Cabot Oil & Gas Corporation in a research report issued on Monday. Seaport Global Securities analyst M. Kelly now anticipates that the oil and gas exploration company will post earnings per share of $0.60 for the year, down from their prior estimate of $0.68. Seaport Global Securities also issued estimates for Cabot Oil & Gas Corporation’s Q4 2018 earnings at $0.21 EPS.

Cabot Oil & Gas Corporation (NYSE:COG) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas exploration company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. Cabot Oil & Gas Corporation had a positive return on equity of 4.68% and a negative net margin of 10.95%. The company had revenue of $460.50 million during the quarter, compared to analyst estimates of $454.76 million. During the same period in the prior year, the firm earned ($0.07) EPS. Cabot Oil & Gas Corporation’s quarterly revenue was up 86.6% on a year-over-year basis. TRADEMARK VIOLATION NOTICE: “Research Analysts Offer Predictions for Cabot Oil & Gas Corporation’s FY2018 Earnings (NYSE:COG)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/04/research-analysts-offer-predictions-for-cabot-oil-gas-corporations-fy2018-earnings-nysecog.html.

Several other brokerages also recently issued reports on COG. BMO Capital Markets reiterated a “buy” rating and issued a $33.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Thursday, June 22nd. Williams Capital reiterated a “buy” rating and issued a $32.00 target price on shares of Cabot Oil & Gas Corporation in a research note on Friday, April 28th. Scotiabank set a $29.00 target price on shares of Cabot Oil & Gas Corporation and gave the company a “buy” rating in a research note on Saturday, April 22nd. Bank of America Corporation upgraded shares of Cabot Oil & Gas Corporation from a “neutral” rating to a “buy” rating and raised their target price for the company from $28.00 to $32.00 in a research note on Friday, June 30th. Finally, BidaskClub upgraded shares of Cabot Oil & Gas Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. Cabot Oil & Gas Corporation has an average rating of “Buy” and a consensus price target of $29.71.

Shares of Cabot Oil & Gas Corporation (COG) traded up 0.57% during mid-day trading on Thursday, hitting $24.71. The company’s stock had a trading volume of 3,769,389 shares. Cabot Oil & Gas Corporation has a 1-year low of $20.02 and a 1-year high of $26.74. The company has a 50-day moving average price of $24.44 and a 200-day moving average price of $23.50. The stock’s market cap is $11.43 billion.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, August 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.81%. Cabot Oil & Gas Corporation’s dividend payout ratio is presently -54.05%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Cabot Oil & Gas Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 46,495,862 shares of the oil and gas exploration company’s stock valued at $1,111,717,000 after buying an additional 1,653,616 shares in the last quarter. BlackRock Inc. boosted its position in shares of Cabot Oil & Gas Corporation by 3,136.9% in the first quarter. BlackRock Inc. now owns 32,973,225 shares of the oil and gas exploration company’s stock valued at $788,389,000 after buying an additional 31,954,562 shares in the last quarter. Sanders Capital LLC boosted its position in shares of Cabot Oil & Gas Corporation by 5.5% in the second quarter. Sanders Capital LLC now owns 27,261,023 shares of the oil and gas exploration company’s stock valued at $739,422,000 after buying an additional 1,430,599 shares in the last quarter. FMR LLC boosted its position in shares of Cabot Oil & Gas Corporation by 32.7% in the first quarter. FMR LLC now owns 25,468,996 shares of the oil and gas exploration company’s stock valued at $608,964,000 after buying an additional 6,277,179 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Cabot Oil & Gas Corporation by 59.5% in the first quarter. Neuberger Berman Group LLC now owns 18,569,604 shares of the oil and gas exploration company’s stock valued at $443,999,000 after buying an additional 6,923,702 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors.

About Cabot Oil & Gas Corporation

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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