Cabot Oil & Gas Shares Spike 9%, Hit New Year Top on Q3 Earnings Beat


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Shares of Cabot Oil & Gas Corporation ( COG ) are up 9.25% to $47.14, but off a 52-week high of $47.31 hit earlier in the session, after the oil and gas company last night reported Q3 earnings of $0.21 a share, ex items. This handily trumped the Street view of $0.08.

Revenues climbed 13.3% to $296.87 million but fell $3.48 million short of

estimates. Natural gas production rose 33% over year-ago levels to 66.5

billion cubic feet.

COG shares have traded in a day's range of $44.63 - $44.71, and have a 52-week low of $28.84.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

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