Markets
COG

Cabot Oil & Gas (COG) Wraps Up 2017 With Q4 Earnings Beat

An Earnings Beat: U.S. energy firm Cabot Oil & Gas CorporationCOG reported earnings per share (excluding special items) of 13 cents, marginally above the Zacks Consensus Estimate of 12 cents.

Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last 7 days.

Coming to earnings surprise history, Cabot is on a bit of a slippery surface. Before posting the earnings beat in Q4, the company went past the Zacks Consensus Estimate just once in last four reports, as shown in the chart below:

Cabot Oil & Gas Corporation Price and EPS Surprise

Cabot Oil & Gas Corporation Price and EPS Surprise | Cabot Oil & Gas Corporation Quote

Overall, the company has a negative earnings surprise of 0.11% in the trailing four quarters.

Revenue Came in Lower than Expected: Revenues of $400.5 million were below the Zacks Consensus Estimate of $426 million.

Key Stats: Cabot's overall production during the quarter totaled 172.6 billion cubic feet equivalent (Bcfe) - 95% gas - up 5.1% from the prior year quarter volume of 164.2 Bcfe. Natural gas output was 164.4 Bcf, while liquids production came in at 1,369.5 thousand barrels (MBbl).

The average realized natural gas price increased 12.4% from the year-ago quarter to $2.18 per thousand cubic feet, while average crude/condensate price realization rose 27% to $54.54 per barrel. Meanwhile, natural gas liquids fetched $23.51 per barrel as against $13.84 a year back.

Proved Reserves: As of year-end 2017, the company had 9.7 trillion cubic feet equivalent in proved reserves (96% natural gas).

Zacks Rank: Currently, Cabot carries a Zacks Rank #1 (Strong Buy).

(You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .)

Check back later for our full write up on this Cabot earnings report later!

Zacks Top 10 Stocks for 2018

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?

Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don't miss your chance to get in on these long-term buys.

Access Zacks Top 10 Stocks for 2018 today >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Cabot Oil & Gas Corporation (COG): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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


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

In This Story

COG

Other Topics

Earnings Investing Stocks

Latest Markets Videos