Equities research analysts predict that Cabot Oil & Gas Corporation (NYSE:COG) will announce earnings per share (EPS) of $0.11 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Cabot Oil & Gas Corporation’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.05. Cabot Oil & Gas Corporation reported earnings per share of ($0.05) during the same quarter last year, which would suggest a positive year-over-year growth rate of 320%. The company is scheduled to report its next earnings results on Friday, October 27th.

According to Zacks, analysts expect that Cabot Oil & Gas Corporation will report full-year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $0.86. For the next year, analysts expect that the business will report earnings of $0.79 per share, with EPS estimates ranging from $0.38 to $1.08. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Cabot Oil & Gas Corporation.

Cabot Oil & Gas Corporation (NYSE:COG) last issued 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. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The company had revenue of $460.50 million during the quarter, compared to analyst estimates of $454.76 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The company’s quarterly revenue was up 86.6% on a year-over-year basis.

A number of research firms have commented on COG. Scotiabank set a $29.00 price objective on shares of Cabot Oil & Gas Corporation and gave the stock a “buy” rating in a report on Saturday, April 22nd. Williams Capital downgraded 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. William Blair downgraded shares of Cabot Oil & Gas Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $35.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Monday, May 1st. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Cabot Oil & Gas Corporation in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $29.79.

A number of large investors have recently modified their holdings of the company. Nationwide Fund Advisors boosted its stake in shares of Cabot Oil & Gas Corporation by 12.1% in the first quarter. Nationwide Fund Advisors now owns 583,251 shares of the oil and gas exploration company’s stock valued at $13,946,000 after buying an additional 63,168 shares during the period. Nippon Life Insurance Co. boosted its stake in shares of Cabot Oil & Gas Corporation by 12.0% in the first quarter. Nippon Life Insurance Co. now owns 34,506 shares of the oil and gas exploration company’s stock valued at $825,000 after buying an additional 3,700 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Cabot Oil & Gas Corporation during the first quarter valued at approximately $418,000. City Holding Co. boosted its stake in shares of Cabot Oil & Gas Corporation by 11.4% in the first quarter. City Holding Co. now owns 8,000 shares of the oil and gas exploration company’s stock valued at $191,000 after buying an additional 818 shares during the period. Finally, Oakbrook Investments LLC boosted its stake in shares of Cabot Oil & Gas Corporation by 67.7% in the first quarter. Oakbrook Investments LLC now owns 37,150 shares of the oil and gas exploration company’s stock valued at $888,000 after buying an additional 15,000 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Shares of Cabot Oil & Gas Corporation (NYSE COG) traded up 0.12% on Friday, hitting $24.61. 3,630,824 shares of the stock traded hands. The firm’s 50-day moving average is $24.83 and its 200 day moving average is $23.61. The firm’s market cap is $11.38 billion. Cabot Oil & Gas Corporation has a 12-month low of $20.02 and a 12-month high of $26.74.

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

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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.

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Earnings History and Estimates for Cabot Oil & Gas Corporation (NYSE:COG)

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