Cabot Oil & Gas and Cimarex on Monday announced a deal to emerge however investors reacted negatively with both stocks falling sharply. $COG closed down 6.8% and $XEC down 7.1%.
Cabot Oil & Gas Hit By Lowered Production and Natural Gas Prices
Shale oil and gas play Cabot Oil & Gas announced better than expected Q2 earnings Friday but $COG fell over 12% after the company lowered its 2019 production growth estimate to 16%–18% from 20% and raised CAPEX. Lower natural gas prices weighed also.
Cabot Oil & Gas Earnings and Revenue Rise With Shale Production
Shale oil and gas play Cabot Oil & Gas announced better than expected Q4 earnings Friday. $COG announced a benefit from tax reform and forecast higher cash flow and production growth. The stock closed 2.43% Higher.
Shale Producer Cabot Oil & Gas Raises Production Targets
Shale oil and gas play Cabot Oil & Gas announced better than expected Q4 earnings Friday. $COG announced a benefit from tax reform and forecast higher cash flow and production growth. The stock closed 2.43% Higher.
Cabot Oil & Gas $COG Soars Over 8% As Cashflow and Production Increases
Cabot Oil & Gas $COG announced missing Q3 earnings expectations for the third quarter of 2017 before the market opened Friday. Q3 daily boe production growth rose 12% YoY, with cash flow from operating activities $189.1M compared to $105.4M for the year-ago quarter.
Highlights of Oil & Gas Energy Earnings Reports This Week
Energy company earnings kicked off this week with oil service giants $SLB & $HAL, Oil majors $XOM $RDG.A $COP and $CVX, Pipelines $TCP Natural gas $ECA $COP. Catch up on all the energy earnings you may have missed.
Cabot Oil and Gas $COG Misses Earnings, Raises Production Guidance
Cabot Oil & Gas $COG announced less than expected second second quarter 2017 results before the market open Friday. A highlight was Cabot generated positive free cash flow for the fifth consecutive quarter.