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Cabot Oil & Gas (COG) Stock Gains on Narrower-Than-Expected Q2 Loss

NEW YORK (TheStreet) -- Shares of Cabot Oil & Gas (COG) are climbing 4.59% to $24.94 this morning after the company reported a lower-than-expected 2016 second quarter loss.

The company reported an adjusted loss of 7 cents per share, better than estimates of an 8 cent-loss. Revenue for the period was $246.8 million which missed consensus of $278 million.

Cabot set third quarter production guidance for crude oil at 10,000 to 10,500 barrels per day.

"Cabot's 2016 operating plan was designed to provide modest production growth while generating positive free cash flow...