Equities research analysts predict that Cabot Oil & Gas Co. (NYSE:COG) will post earnings of $0.51 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Cabot Oil & Gas’ earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.68. Cabot Oil & Gas posted earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 292.3%. The company is scheduled to announce its next earnings results on Friday, February 22nd.

On average, analysts expect that Cabot Oil & Gas will report full year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.32. For the next year, analysts expect that the company will post earnings of $1.90 per share, with EPS estimates ranging from $1.46 to $2.22. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Cabot Oil & Gas.

Cabot Oil & Gas (NYSE:COG) last posted its quarterly earnings data on Friday, October 26th. The oil and gas exploration company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). Cabot Oil & Gas had a net margin of 12.69% and a return on equity of 14.87%. The company had revenue of $545.10 million for the quarter, compared to analyst estimates of $482.74 million. During the same period in the prior year, the company earned $0.07 EPS. The company’s revenue was up 41.4% compared to the same quarter last year.

A number of research firms recently issued reports on COG. Piper Jaffray Companies set a $26.00 target price on shares of Cabot Oil & Gas and gave the stock a “buy” rating in a research report on Monday, October 8th. Evercore ISI raised shares of Cabot Oil & Gas from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $28.00 to $30.00 in a research report on Friday, September 7th. Morgan Stanley increased their target price on shares of Cabot Oil & Gas from $23.00 to $24.00 and gave the stock a “hold” rating in a research report on Monday, October 29th. TheStreet raised shares of Cabot Oil & Gas from a “c” rating to a “b-” rating in a research report on Friday, October 26th. Finally, Wells Fargo & Co downgraded shares of Cabot Oil & Gas from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 23rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.33.

NYSE COG opened at $22.61 on Tuesday. Cabot Oil & Gas has a 12 month low of $20.94 and a 12 month high of $29.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.69 and a quick ratio of 1.66. The stock has a market cap of $10.05 billion, a PE ratio of 47.10, a P/E/G ratio of 0.71 and a beta of 0.29.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cambiar Investors LLC purchased a new position in Cabot Oil & Gas in the 3rd quarter worth approximately $2,530,000. State of Alaska Department of Revenue boosted its holdings in Cabot Oil & Gas by 5.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 195,737 shares of the oil and gas exploration company’s stock worth $4,406,000 after acquiring an additional 10,756 shares during the period. SevenBridge Financial Group LLC boosted its holdings in Cabot Oil & Gas by 8.2% in the 2nd quarter. SevenBridge Financial Group LLC now owns 55,641 shares of the oil and gas exploration company’s stock worth $1,324,000 after acquiring an additional 4,211 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its holdings in Cabot Oil & Gas by 1.1% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 467,051 shares of the oil and gas exploration company’s stock worth $10,518,000 after acquiring an additional 5,188 shares during the period. Finally, CWM LLC boosted its holdings in Cabot Oil & Gas by 39.2% in the 3rd quarter. CWM LLC now owns 972,760 shares of the oil and gas exploration company’s stock worth $21,907,000 after acquiring an additional 274,074 shares during the period. Hedge funds and other institutional investors own 94.88% of the company’s stock.

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.

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