Cabot Oil & Gas Corporation (NYSE:COG) - Stock analysts at Jefferies Group lowered their Q2 2017 earnings per share estimates for Cabot Oil & Gas Corporation in a research note issued to investors on Wednesday. Jefferies Group analyst Z. Parham now forecasts that the oil and gas exploration company will post earnings of $0.14 per share for the quarter, down from their previous forecast of $0.15. Jefferies Group currently has a “Hold” rating and a $23.00 price target on the stock. Jefferies Group also issued estimates for Cabot Oil & Gas Corporation’s Q1 2018 earnings at $0.25 EPS.
A number of other research analysts also recently issued reports on the company. Stifel Nicolaus started coverage on Cabot Oil & Gas Corporation in a report on Thursday, March 23rd. They set a “buy” rating and a $30.00 price target on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price target on shares of Cabot Oil & Gas Corporation in a report on Monday, May 15th. Bank of America Corporation raised Cabot Oil & Gas Corporation from an “underperform” rating to a “neutral” rating and upped their price target for the company from $25.00 to $28.00 in a report on Thursday, May 11th. Scotiabank set a $28.00 price target on Cabot Oil & Gas Corporation and gave the company a “buy” rating in a report on Monday, March 27th. Finally, Macquarie raised Cabot Oil & Gas Corporation from a “neutral” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Tuesday, June 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $29.40.
Shares of Cabot Oil & Gas Corporation (COG) opened at 25.00 on Friday. Cabot Oil & Gas Corporation has a 12 month low of $20.02 and a 12 month high of $26.74. The stock’s 50 day moving average price is $23.76 and its 200 day moving average price is $23.32. The stock’s market capitalization is $11.64 billion.
Cabot Oil & Gas Corporation (NYSE:COG) last announced its earnings results on Friday, April 28th. The oil and gas exploration company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Cabot Oil & Gas Corporation had a positive return on equity of 1.05% and a negative net margin of 18.70%. The firm had revenue of $517.80 million during the quarter, compared to analyst estimates of $464.45 million. During the same period last year, the firm posted ($0.13) EPS. The business’s revenue was up 83.7% compared to the same quarter last year.
A number of hedge funds have recently modified their holdings of COG. First Manhattan Co. bought a new stake in shares of Cabot Oil & Gas Corporation during the first quarter worth approximately $100,000. Financial Architects Inc boosted its stake in shares of Cabot Oil & Gas Corporation by 24.4% in the first quarter. Financial Architects Inc now owns 5,100 shares of the oil and gas exploration company’s stock worth $122,000 after buying an additional 1,000 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Cabot Oil & Gas Corporation by 83.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,800 shares of the oil and gas exploration company’s stock worth $163,000 after buying an additional 3,100 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in shares of Cabot Oil & Gas Corporation during the first quarter worth approximately $167,000. Finally, Stephens Inc. AR boosted its stake in shares of Cabot Oil & Gas Corporation by 313.6% in the first quarter. Stephens Inc. AR now owns 7,578 shares of the oil and gas exploration company’s stock worth $181,000 after buying an additional 5,746 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.
In other Cabot Oil & Gas Corporation news, insider Todd M. Roemer sold 3,737 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $24.12, for a total value of $90,136.44. Following the completion of the sale, the insider now owns 62,453 shares in the company, valued at $1,506,366.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.
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.
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