Brokerages expect Cabot Oil & Gas Co. (NYSE:COG) to report $0.38 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Cabot Oil & Gas’ earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.32. Cabot Oil & Gas posted earnings per share of $0.13 during the same quarter last year, which would indicate a positive year-over-year growth rate of 192.3%. The firm is expected to announce its next quarterly earnings report on Friday, July 26th.
According to Zacks, analysts expect that Cabot Oil & Gas will report full year earnings of $2.00 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $2.23. For the next fiscal year, analysts forecast that the company will report earnings of $1.90 per share, with EPS estimates ranging from $1.34 to $2.21. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Cabot Oil & Gas.
Cabot Oil & Gas (NYSE:COG) last announced its earnings results on Friday, April 26th. The oil and gas exploration company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.09. The firm had revenue of $641.70 million during the quarter, compared to analysts’ expectations of $674.71 million. Cabot Oil & Gas had a return on equity of 31.52% and a net margin of 29.81%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS.
Shares of Cabot Oil & Gas stock traded up $0.32 on Friday, reaching $25.90. The company had a trading volume of 342,238 shares, compared to its average volume of 6,015,843. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 0.37 and a beta of 0.62. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.75 and a current ratio of 2.83. Cabot Oil & Gas has a 1 year low of $20.94 and a 1 year high of $27.65.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.39%. This is a boost from Cabot Oil & Gas’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, May 14th. Cabot Oil & Gas’s dividend payout ratio is currently 24.78%.
In other Cabot Oil & Gas news, insider Jeffrey W. Hutton sold 150,720 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $26.11, for a total value of $3,935,299.20. Following the completion of the sale, the insider now directly owns 629,270 shares in the company, valued at approximately $16,430,239.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Paragon Capital Management LLC purchased a new stake in shares of Cabot Oil & Gas in the 1st quarter worth $26,000. Carroll Financial Associates Inc. raised its position in shares of Cabot Oil & Gas by 192.9% in the 1st quarter. Carroll Financial Associates Inc. now owns 1,201 shares of the oil and gas exploration company’s stock worth $31,000 after acquiring an additional 791 shares in the last quarter. Whittier Trust Co. raised its position in shares of Cabot Oil & Gas by 97.2% in the 4th quarter. Whittier Trust Co. now owns 1,430 shares of the oil and gas exploration company’s stock worth $32,000 after acquiring an additional 705 shares in the last quarter. Pearl River Capital LLC bought a new position in shares of Cabot Oil & Gas in the 1st quarter worth $32,000. Finally, Advisory Services Network LLC bought a new position in shares of Cabot Oil & Gas in the 4th quarter worth $40,000. Institutional investors and hedge funds 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 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.
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