Wall Street brokerages expect Cabot Oil & Gas Co. (NYSE:COG) to announce $500.03 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Cabot Oil & Gas’ earnings. The highest sales estimate is $531.61 million and the lowest is $485.40 million. Cabot Oil & Gas reported sales of $453.45 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.3%. The company is expected to issue its next quarterly earnings results before the market opens on Friday, July 26th.

According to Zacks, analysts expect that Cabot Oil & Gas will report full year sales of $2.29 billion for the current fiscal year, with estimates ranging from $2.11 billion to $2.46 billion. For the next fiscal year, analysts expect that the business will post sales of $2.31 billion, with estimates ranging from $2.06 billion to $2.52 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Cabot Oil & Gas.

Cabot Oil & Gas (NYSE:COG) last released its earnings results on Friday, April 26th. The oil and gas exploration company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.09. Cabot Oil & Gas had a return on equity of 31.52% and a net margin of 29.81%. The business had revenue of $641.70 million for the quarter, compared to analyst estimates of $674.71 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. Cabot Oil & Gas’s revenue was up 35.6% on a year-over-year basis.

Several analysts have issued reports on the company. Wells Fargo & Co assumed coverage on Forestar Group in a research note on Monday, July 8th. They issued an “outperform” rating and a $23.00 price objective on the stock. Williams Capital restated a “hold” rating and issued a $28.00 price objective on shares of Cabot Oil & Gas in a research note on Sunday, April 21st. TD Securities upped their price objective on Ensign Energy Services from C$7.50 to C$8.50 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Cowen set a $27.00 price objective on Schnitzer Steel Industries and gave the company a “hold” rating in a research note on Tuesday, April 9th. Finally, Zacks Investment Research lowered GreenTree Hospitality Group from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $28.72.

NYSE:COG traded down $0.80 on Friday, hitting $22.45. The company’s stock had a trading volume of 386,143 shares, compared to its average volume of 5,082,026. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.83 and a quick ratio of 2.75. The firm has a fifty day moving average of $24.04. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 0.85 and a beta of 0.52. Cabot Oil & Gas has a one year low of $20.94 and a one year high of $27.65.

Several hedge funds and other institutional investors have recently made changes to their positions in COG. Meridian Wealth Management LLC bought a new position in shares of Cabot Oil & Gas during the first quarter worth approximately $25,000. Paragon Capital Management LLC bought a new position in shares of Cabot Oil & Gas during the first quarter worth approximately $26,000. Carroll Financial Associates Inc. increased its stake in shares of Cabot Oil & Gas by 192.9% during the first quarter. Carroll Financial Associates Inc. now owns 1,201 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 791 shares during the period. Pearl River Capital LLC bought a new position in shares of Cabot Oil & Gas during the first quarter worth approximately $32,000. Finally, Advisory Services Network LLC bought a new position in shares of Cabot Oil & Gas during the fourth quarter worth approximately $40,000. Institutional investors own 98.65% 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 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

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

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