Wall Street analysts expect Cabot Oil & Gas Co. (NYSE:COG) to post $0.27 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Cabot Oil & Gas’ earnings, with the lowest EPS estimate coming in at $0.18 and the highest estimate coming in at $0.32. Cabot Oil & Gas reported earnings of $0.07 per share during the same quarter last year, which would indicate a positive year over year growth rate of 285.7%. The business is expected to issue its next earnings report on Friday, October 26th.

According to Zacks, analysts expect that Cabot Oil & Gas will report full year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $0.89 to $1.22. For the next fiscal year, analysts expect that the firm will report earnings of $1.60 per share, with EPS estimates ranging from $0.64 to $2.08. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Cabot Oil & Gas.

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

A number of equities analysts have recently weighed in on COG shares. UBS Group raised shares of Cabot Oil & Gas from a “neutral” rating to a “positive” rating in a research report on Monday, July 30th. TD Securities started coverage on shares of Cabot Oil & Gas in a research report on Thursday, July 5th. They set a “buy” rating and a $29.00 price target on the stock. Morgan Stanley reduced their price target on shares of Cabot Oil & Gas from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, May 24th. Bank of America cut shares of Cabot Oil & Gas from a “buy” rating to an “underperform” rating and set a $27.00 price target on the stock. in a research report on Thursday, May 10th. Finally, ValuEngine cut shares of Cabot Oil & Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. Cabot Oil & Gas presently has a consensus rating of “Buy” and a consensus target price of $29.95.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sanders Capital LLC lifted its position in Cabot Oil & Gas by 1.1% during the 2nd quarter. Sanders Capital LLC now owns 29,938,869 shares of the oil and gas exploration company’s stock worth $772,204,000 after buying an additional 319,100 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Cabot Oil & Gas by 59.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,968,674 shares of the oil and gas exploration company’s stock worth $261,055,000 after buying an additional 4,087,096 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in Cabot Oil & Gas by 64.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,144,471 shares of the oil and gas exploration company’s stock worth $146,238,000 after buying an additional 2,403,213 shares in the last quarter. Millennium Management LLC lifted its position in Cabot Oil & Gas by 19.9% during the 2nd quarter. Millennium Management LLC now owns 5,947,652 shares of the oil and gas exploration company’s stock worth $141,554,000 after buying an additional 986,353 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Cabot Oil & Gas by 4.7% during the 1st quarter. Russell Investments Group Ltd. now owns 4,509,378 shares of the oil and gas exploration company’s stock worth $107,574,000 after buying an additional 200,752 shares in the last quarter. 94.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE COG opened at $21.91 on Tuesday. The firm has a market cap of $9.92 billion, a PE ratio of 45.65, a PEG ratio of 0.76 and a beta of 0.38. Cabot Oil & Gas has a twelve month low of $21.71 and a twelve month high of $29.57. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.57.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 23rd. Investors of record on Thursday, August 9th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, August 8th. This represents a $0.24 annualized dividend and a yield of 1.10%. Cabot Oil & Gas’s dividend payout ratio is currently 50.00%.

Cabot Oil & Gas Company Profile

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.

See Also: How Do I Invest in Dividend Stocks

Get a free copy of the Zacks research report on Cabot Oil & Gas (COG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cabot Oil & Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Oil & Gas and related companies with MarketBeat.com's FREE daily email newsletter.