| Cabot reports 3Q loss | |
| | |
|
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 $354.4 million.
Cabot shares have decreased 25 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has dropped 28 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COG at http://www.zacks.com/ap/COG
_____
Keywords: Cabot Oil, Earnings Report
|
|
|
Cabot Oil & Gas Corporation
|
|
|
CODE : COG |
ISIN : US1270971039 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cabot Oil & Gas is a oil exploration company based in United states of america. Cabot Oil & Gas is listed in Germany and in United States of America. Its market capitalisation is US$ 10.2 billions as of today (€ 9.0 billions). Its stock quote reached its lowest recent point on March 26, 2004 at US$ 10.00, and its highest recent level on January 14, 2022 at US$ 22.20. Cabot Oil & Gas has 460 786 236 shares outstanding. |