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