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HOUSTON (AP) _ Cabot Oil & Gas Corp. (COG) on Friday reported a third-quarter loss of $15.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Houston-based company said it had a loss of 4 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.
The results did not meet Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The independent oil and gas company posted revenue of $305.3 million in the period, which also missed Street forecasts. Ten analysts surveyed by Zacks expected $354.4 million.
Cabot shares have decreased 25 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has dropped 28 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COG at http://www.zacks.com/ap/COG
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Keywords: Cabot Oil, Earnings Report
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Cabot Corporation
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CODE : CBT |
ISIN : US1270551013 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cabot is a producing company based in United states of america. Cabot is listed in United States of America. Its market capitalisation is US$ 5.8 billions as of today (€ 5.4 billions). Its stock quote reached its lowest recent point on December 16, 1994 at US$ 10.01, and its highest recent level on April 24, 2024 at US$ 93.40. Cabot has 61 807 147 shares outstanding. |