Cabot Oil & Gas Corporation (NYSE:COG) independent oil and gas producer, is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.06 per share.
Looking ahead, the full year income are expected at $ 0.59 per share on the revenues of $ 1526.83 million.
Previous Quarter Performance
Cabot Oil & Gas Corporation communicated income for the second quarter of $ 0.05 per share, from the revenue of $ 332.35 million. The quarterly earnings declined 86.11 percent while revenues shrunk 37.78 percent compared with the same quarter last year.
Wall street analysts are predicting, COG to report 2Q20 income of $ 0.02 per share from revenue of $ 303.35 million. The bottom line results beat street analysts by $ 0.03 or 150.00 percent, at the same time, top line results outshined analysts by $ 29.00 million or 9.56 percent.
Stock Performance
Shares of Cabot Oil & Gas Corporation traded low $ -0.92 or -4.82 percent on Wednesday, reaching $ 18.17 with volume of 6.55 million shares. Cabot Oil & Gas Corporation has traded high as $ 18.91 and has cracked $ 18.15 on the downward trend
According to the previous trading day, closing price of $ 18.17, representing a 46.17 % increase from the 52 week low of $ 13.06 and a 15.79 % decrease over the 52 week high of $ 22.67.
The company has a market capital of $ 7.24 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.10 per share to holders of record as of the close of business on August 13, 2020, with payment date of August 27, 2020 and ex-dividend date on August 12, 2020.
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. The company sells its natural gas to industrial customers, local distribution companies, gas marketers, and power generation facilities through gathering systems and pipelines.
