On average, equities analysts anticipate that Cabot Oil & Gas Co. will post $0.70 EPS for the current year.
COG has been the topic of several other research reports. Barclays PLC upgraded Cabot Oil & Gas Co. from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $22.00 to $25.00 in a research report on Monday, January 23rd.
Cabot Oil & Gas Corporation (COG), a part of Basic Materials sector and belongs to Independent Oil & Gas industry; ended its day with loss -1.89% and finalized at the price of $24.34. The mean target of $28.50 should be compared with the price when the stock was languishing around $19.98 a share.
Stock market analysts and brokers have recently amended their target prices on shares of Cabot Oil & Gas Corporation (NYSE:COG). Price targets frequently change, depending on the outlook for a company's earnings.
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About Cabot Oil & Gas Co. Ameriprise Financial Inc. owned 0.41% of Cabot Oil & Gas Co. worth $45,215,000 as of its most recent SEC filing. Noting its average daily volume at 6.23 million shares each day over the month, this signifies a pretty significant change over the norm. Typically, they estimate what the company's earnings and cash flow will be for the next couple of years, and then apply a ratio - such as a price-to-earnings ratio - to those estimates to determine what the future stock price should theoretically be. The company has a 50 day moving average of $24.10 and a 200-day moving average of $22.84. Cabot Oil & Gas Co. has a 52-week low of $20.02 and a 52-week high of $26.74.
Unit had a negative return on equity of 2.61% and a negative net margin of 74.42%. The oil and gas exploration company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $517.80 million during the quarter, compared to analyst estimates of $464.45 million. Cabot Oil & Gas Co.'s quarterly revenue was up 83.7% compared to the same quarter a year ago. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.16.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 17th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.82%.
05/01/2017 - Piper Jaffray began new coverage on Cabot Oil & Gas Corporation giving the company a "overweight" rating. The ex-dividend date of this dividend is Monday, May 15th. Cabot Oil & Gas Co.'s payout ratio is now -14.55%. In related news, insider Todd M. Roemer sold 3,737 shares of the firm's stock in a transaction that occurred on Friday, May 5th. The share price was last seen -0.33% lower, reaching at $24.26 on May. (NYSE:COG) has insider ownership of 1.80% and institutional ownership of 95.27%. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Before we dive into the analysis, we will look at the stock returns for each company over the last three months, six months and the previous year. Suntrust Banks Inc. increased its position in Cabot Oil & Gas Co.by 0.7% in the third quarter. Can now owns 310,270 shares of the oil and gas exploration company's stock worth $7,997,000 after buying an additional 7,600 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD now owns 36,500 shares of the oil and gas exploration company's stock worth $941,000 after buying an additional 117 shares in the last quarter. First Manhattan Co. acquired a new position in shares of Cabot Oil & Gas Co. during the first quarter worth about $100,000. Cleararc Capital Inc. now owns 11,639 shares of the oil and gas exploration company's stock worth $278,000 after buying an additional 331 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Cabot Oil & Gas Co.by 0.3% in the third quarter. Comparatively, Cabot Oil & Gas Corporation posted earnings of $0.04 per share in the same quarter a year ago. These stocks are enormously attractive to contrarian/special events/distressed securities investors.