Have you been eager to see how U.S. energy firm Cabot Oil & Gas Corp. performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Houston, TX-based company’s earnings release this morning:
About Cabot: Cabot Oil & Gas is an independent energy exploration company with producing properties mainly in the continental U.S. Cabot focuses on high-impact natural gas-focused drilling in the Marcellus Shale and supplements it with Eagle Ford-based liquids program in Texas.
Zacks Rank & Surprise History: Currently, Cabot has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Coming to earnings surprise history, the company has a bad record: it has reported a negative earnings surprise of 10.10% in the trailing four quarters.
Estimate Revision Trend: Investors should note that the earnings estimate revisions for Cabot was revised downwards by 1 cent over the last 30 days.
We have highlighted some of the key details from the just-released announcement below:
Earnings Beat: Earnings per share (excluding special items) came in at 19 cents, surpassing the Zacks Consensus Estimate of 16 cents.
Revenue Came in Higher than Expected: Revenue of $517.8 million was above the Zacks Consensus Estimate of $472 million.
Key Stats: Cabot’s overall production during the quarter totaled 170.1 billion cubic feet equivalent (Bcfe) as against 160.3 Bcfe. Natural gas output was 163.8 Bcf, while crude oil production came in at 921 thousand barrels (MBbl) and natural gas liquids came at 123.5 thousand barrels (MBbl)
The average realized natural gas price improved by 77% from the year-ago quarter to $2.64 per thousand cubic feet, while average crude/condensate price realization rose 14% to $46.73 per barrel. Meanwhile, natural gas liquids fetched $20.71 per barrel, an increase of 187% compared to the first quarter of 2016.
Share Performance: Shares have increased 3.3% year-to-date, while the Zacks categorized Oil & Gas - U.S. Exploration & Production industry lost 15.14% over the same period.
Check back later for our full write up on this Cabot earnings report later!
Cabot Oil & Gas Corporation Price and EPS Surprise
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Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>
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Cabot (COG) Beats Q1 Earnings and Revenue Estimates
Have you been eager to see how U.S. energy firm Cabot Oil & Gas Corp. performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Houston, TX-based company’s earnings release this morning:
About Cabot: Cabot Oil & Gas is an independent energy exploration company with producing properties mainly in the continental U.S. Cabot focuses on high-impact natural gas-focused drilling in the Marcellus Shale and supplements it with Eagle Ford-based liquids program in Texas.
Zacks Rank & Surprise History: Currently, Cabot has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Coming to earnings surprise history, the company has a bad record: it has reported a negative earnings surprise of 10.10% in the trailing four quarters.
Estimate Revision Trend: Investors should note that the earnings estimate revisions for Cabot was revised downwards by 1 cent over the last 30 days.
We have highlighted some of the key details from the just-released announcement below:
Earnings Beat: Earnings per share (excluding special items) came in at 19 cents, surpassing the Zacks Consensus Estimate of 16 cents.
Revenue Came in Higher than Expected: Revenue of $517.8 million was above the Zacks Consensus Estimate of $472 million.
Key Stats: Cabot’s overall production during the quarter totaled 170.1 billion cubic feet equivalent (Bcfe) as against 160.3 Bcfe. Natural gas output was 163.8 Bcf, while crude oil production came in at 921 thousand barrels (MBbl) and natural gas liquids came at 123.5 thousand barrels (MBbl)
The average realized natural gas price improved by 77% from the year-ago quarter to $2.64 per thousand cubic feet, while average crude/condensate price realization rose 14% to $46.73 per barrel. Meanwhile, natural gas liquids fetched $20.71 per barrel, an increase of 187% compared to the first quarter of 2016.
Share Performance: Shares have increased 3.3% year-to-date, while the Zacks categorized Oil & Gas - U.S. Exploration & Production industry lost 15.14% over the same period.
Check back later for our full write up on this Cabot earnings report later!
Cabot Oil & Gas Corporation Price and EPS Surprise
Cabot Oil & Gas Corporation Price and EPS Surprise | Cabot Oil & Gas Corporation Quote
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>