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 $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.