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Cabot Oil & Gas Corp. (COG) Leaped To A New High After Better Than Expected Q4

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Cabot Oil & Gas Corp. (COG: Quote) reported fourth quarter adjusted net income of $0.27 per share after the bell Thursday, up from $0.20 per share a year ago. The consensus estimate was for EPS of $0.21.

Cabot Oil & Gas gapped up sharply Friday and climbed in early trade. Shares took out the session highs going into the close and finished up by 5.95 at $59.81, with volume at nearly a 4-month high. The stock surged to a new high for the year.

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by RTT Staff Writer

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