Earnings and Growth Analysis : Cabot Oil & Gas (NYSE:COG)

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Earnings results for Cabot Oil & Gas (NYSE:COG)

Cabot Oil & Gas Corporation is expected* to report earnings on 02/23/2021 after market close. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.18. The reported EPS for the same quarter last year was $0.28.

Analyst Opinion on Cabot Oil & Gas (NYSE:COG)

15 Wall Street analysts have issued ratings and price targets for Cabot Oil & Gas in the last 12 months. Their average twelve-month price target is $20.53, predicting that the stock has a possible upside of 10.63%. The high price target for COG is $23.00 and the low price target for COG is $16.00. There are currently 2 sell ratings, 7 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Cabot Oil & Gas has received a consensus rating of Hold. The company’s average rating score is 2.27, and is based on 6 buy ratings, 7 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $20.53, Cabot Oil & Gas has a forecasted upside of 10.6% from its current price of $18.56. Cabot Oil & Gas has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Cabot Oil & Gas (NYSE:COG)

Cabot Oil & Gas pays a meaningful dividend of 2.21%, higher than the bottom 25% of all stocks that pay dividends. Cabot Oil & Gas has only been increasing its dividend for 1 years. The dividend payout ratio of Cabot Oil & Gas is 24.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cabot Oil & Gas will have a dividend payout ratio of 21.86% next year. This indicates that Cabot Oil & Gas will be able to sustain or increase its dividend.

Insiders buying/selling: Cabot Oil & Gas (NYSE:COG)

In the past three months, Cabot Oil & Gas insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,938.00 in company stock. Only 2.10% of the stock of Cabot Oil & Gas is held by insiders. 96.91% of the stock of Cabot Oil & Gas is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Cabot Oil & Gas (NYSE:COG

Earnings for Cabot Oil & Gas are expected to grow by 251.92% in the coming year, from $0.52 to $1.83 per share. The P/E ratio of Cabot Oil & Gas is 29.94, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.65. The P/E ratio of Cabot Oil & Gas is 29.94, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 26.40. Cabot Oil & Gas has a P/B Ratio of 3.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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