|Bid||23.86 x 800|
|Ask||23.87 x 2200|
|Day's Range||23.62 - 24.16|
|52 Week Range||21.48 - 29.57|
|Beta (3Y Monthly)||0.18|
|PE Ratio (TTM)||82.77|
|Earnings Date||Oct 26, 2018|
|Forward Dividend & Yield||0.24 (1.01%)|
|1y Target Est||27.00|
Cabot (COG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
On October 18, natural gas’s implied volatility was 41.1%, which was ~16.8% above its 15-day moving average and the highest level since January 30. In the trailing week, natural gas’s implied volatility rose 8.2%, while natural gas November futures fell 0.7% during the same period. However, since June 2018, these two metrics have been moving in tandem.
On October 10–17, our list of natural gas–weighted stocks fell 0.3%, while natural gas November futures rose 1.1%. On average, natural gas–weighted stocks underperformed natural gas futures during this period.
The natural gas–weighted stocks under review that are sensitive to US crude oil November futures’ movements based on their correlations with US crude oil November futures in the last five trading sessions are: Chesapeake Energy (CHK) at 92.2% Southwestern Energy (SWN) at 88.7% Gulfport Energy (GPOR) at 86.6% Cabot Oil & Gas (COG) at 79.7% Antero Resources (AR) at 78.6%
The natural gas rig count was at 193 last week—four more than the previous week. However, the natural gas rig count has fallen ~88% from its record level of 1,606 in 2008.
On October 16, the natural gas futures for November closed at a premium of ~$0.42 to the November 2019 futures. On October 9, the futures spread was at a premium of $0.46. On October 9–16, natural gas November futures fell 0.8%.
Chevron (CVX) is selling its interests in Norway, while Petrobras (PBR) entered into a strategic joint venture with Murphy Oil Corporation (MUR) in the Gulf of Mexico.
On October 11, natural gas’s implied volatility was 38%, which was ~23.4% above its 15-day moving average and the highest level since January 31. In the trailing week, natural gas’s implied volatility rose 11.1%. Natural gas November futures rose 1.8% during the same period. Since June, these two metrics have been moving in tandem.
On October 10, natural gas November futures rose 0.6% and settled at $3.284 per MMBtu (million British thermal units)—the highest closing level for active natural gas futures since January 29. Concerns surrounding natural gas’s undersupply in the upcoming winter season could be behind natural gas’s rise.
Natural gas inventories in the U.S. are set to finish injection seasons at the lowest level in 13 years, causing natural gas prices to soar
The natural gas rig count was at 189 last week—unchanged from the previous week. However, the natural gas rig count has fallen ~88.2% from its record level of 1,606 in 2008.
HOUSTON, Oct. 9, 2018 /PRNewswire/ -- Cabot Oil & Gas Corporation (COG) ("Cabot" or the "Company") today provided an operational update on the heels of the in-service of the Atlantic Sunrise project on October 6, 2018 and announced the execution of a binding precedent agreement for new pipeline takeaway capacity on Transco's Leidy South expansion project. Due to the delay of the Atlantic Sunrise project's in-service date from the second-half of August 2018 to October 6, 2018 and a modest change in the timing of the Company's third-quarter pads being placed-on-production, Cabot preliminarily expects net production for the third-quarter of 2018 to be approximately 2,029 million cubic feet equivalent (Mmcfe) per day, representing a seven percent sequential increase in daily net production relative to the second-quarter of 2018 and a 19 percent increase relative to the prior-year comparable quarter on a divestiture-adjusted basis.
At 2.866 trillion cubic feet, natural gas inventories are 17.5% under the five-year average and 18.2% below the year-ago figure.
On September 28–October 5, the United States Natural Gas ETF (UNG) and the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 5% and 9.7%, respectively. These ETFs track natural gas futures. UNG holds active natural gas futures contracts, while BOIL’s objective is to track the Bloomberg Natural Gas Subindex.
Cabot Oil & Gas, a leading energy producer in Pennsylvania, is poised to gain as a natural-gas pipeline linking the prolific Marcellus region to East Coast markets opens on Saturday.
In the week ending September 21, the inventories spread was -18.3%. The inventories spread is the difference between natural gas inventories and their five-year average.
On September 21–28, the United States Natural Gas ETF (UNG) and the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 1% and 1.6%, respectively. These ETFs track natural gas futures. UNG holds active natural gas futures contracts, while BOIL’s objective is to track the Bloomberg Natural Gas Subindex.
At 2.768 trillion cubic feet, current natural gas inventories are 18.3% under the five-year average and 20% below the year-ago figure.
On September 27, natural gas’s implied volatility was 28.3%, which was ~17.9% above its 15-day moving average and the highest level since February 23. In the trailing week, natural gas’s implied volatility rose 10.5%. Natural gas November futures rose 3.1% during the same period. Since June, these two metrics have been moving in tandem.
A severe cold spell could lift Henry Hub cash prices to a range of $12 to $16 per one million BTUs, says Citi’s Anthony Yuen.
The energy stocks that fair best after oil jumps 11% or more in two months. It has happened eight times since 2010. Newfield exploration tops the list followed by Cabot and Pioneer.