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What: Shares of Cabot Oil & Gas
So what: Earnings per share reached $0.41, which easily crushed estimates of $0.27 from analysts. Revenue was up 20% to $240.7 million, in line with expectations.
Now what: Not only was this quarter great, the company also increased its production expectations by 5% going forward. Cabot seems to be firing on all cylinders, and the company's stock price is reflecting the strength. I think the shares have further to run on all of this positive earnings momentum.
Interested in more info on Cabot Oil & Gas? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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