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Cabot Oil & Gas Shares Spike 9%, Hit New Year Top on Q3 Earnings Beat
By: MT Newswires
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.