COG - Cabot Oil & Gas Corporation

NYSE - NYSE Delayed Price. Currency in USD
17.95
+0.05 (+0.28%)
At close: 4:02PM EDT
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Previous Close17.90
Open17.92
Bid17.93 x 3000
Ask17.97 x 1800
Day's Range17.92 - 18.20
52 Week Range16.01 - 27.65
Volume4,071,629
Avg. Volume8,195,504
Market Cap7.51B
Beta (3Y Monthly)0.49
PE Ratio (TTM)9.21
EPS (TTM)1.95
Earnings DateOct 24, 2019
Forward Dividend & Yield0.36 (2.02%)
Ex-Dividend Date2019-08-07
1y Target Est22.73
Trade prices are not sourced from all markets
  • Cabot Oil (COG) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Cabot Oil (COG) Reports Next Week: Wall Street Expects Earnings Growth

    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.

  • 3 “Strong Buy” Energy Stocks Ready to Rally
    TipRanks

    3 “Strong Buy” Energy Stocks Ready to Rally

    Oil prices bottomed out last December and rose steadily through the first four months of this year. Since then, however, the oil markets have slipped and been unable to regain traction. On the international market, Brent crude is down 19.6% from its April 23 peak, while the US benchmark WTI has slipped 20.8%.J.P. Morgan’s Dubravko Lakos-Bujas, chief U.S. equity strategist, sees a possible near-term turnaround in the oil markets, however. He writes, “We believe favorable technicals, improving fundamentals with stabilizing business cycle, and ongoing geopolitical tensions in the Middle East could help redirect flows into this universally hated and cheap sector.” In short, the industry has a solid business foundation, while political instability may act to push prices back up. He adds three additional factors that point toward a bullish future for oil. First, the low prices have pushed oil stocks to discount valuations; second, many oil companies are working to lure investors with increased dividends; and third, the US economy shows signs of picking up in the next three to six months.Based on this bullish thesis, we’ve used TipRanks’ Stock Screener to pick out three energy stocks with Strong Buy consensus ratings. All three have weathered the low prices and are ready take advantage of any upturn in the oil markets.Cabot Oil & Gas Corporation (COG)We’ll start with Cabot, the smallest of today’s stock picks. The company has a market cap of $7.4 billion, and is focused on the Marcellus shale formation of the Appalachian region. Cabot controls 11.6 trillion cubic feet of proven natural gas reserves in northeast Pennsylvania. For a mid-size company, this is a large asset in a strategic location of a high-demand area. Cabot has drilled over 650 wells in the last 10 years.Natural gas is a prime fuel for electrical generation as well as home heating and cooking, so Cabot’s product has no want of customers. The company reported 2018 net income of $100 million on revenues of $1.76 billion. While overhead in the gas drilling and fracking business is high, Cabot has sufficient cash flow to maintain a 9-cent per quarter dividend payment, which annualizes at 36 cents and a 2.05% yield. The company has been raising that dividend steadily over the past two years.Cabot’s solid position in the US natural gas industry earned it an upgrade from 5-star Wolfe Research analyst Josh Silverstein. Silverstein changed his stance from Neutral to Buy, writing, “We’ve been on the sidelines at COG looking for a better entry point… With the stock now -20% over the last three months…, we see an improved risk/reward and opportunity to own one of the best low-cost asset bases…” In upgrading his stance on the stock, Silverstein maintained his $27 price target, indicating confidence in a 53% upside to the shares.Overall, COG’s Strong Buy consensus rating comes from 8 reviews, including 6 "buys" and 2 "holds," given in the past three months. The stock is selling for a low $17.59, but the $23.14 average price target suggests a potential of nearly 30% upside. (See Cabot Oil & Gas stock analysis on TipRanks)Diamondback Energy (FANG)Diamondback is a major producer of crude oil, natural gas, and natural gas liquids, all in the Permian Basin of West Texas. Diamondback has over 992 million barrels of proven reserves available for recovering in this rich oil basin, of which 63% is petroleum and the remainder split between various forms of natural gas products. These reserves justify the company’s $13.7 billion market cap.Investor like a strong bottom line, and FANG delivers that, too. The company reported 2018 income of $944 million, based on total revenues of $2.18 billion. While Diamondback just missed earnings expectations in the last quarter, the company’s 2019 EPS has been steadily growing. FANG shares pay out a modest dividend, annualized at 75 cents per share, or a 0.89% yield.With a background like that, it’s no wonder that FANG has attracted rave reviews from the analysts. Neal Dingmann, of SunTrust Robinson, writes of the stock, “We believe the overall 2019 plan (production/CAPEX) remains on track resulting in one of the best growth/returns/FCF stories in the E&P space in our opinion.” His $145 price target implies an upside of 72% for FANG. (To watch Dingmann's track record, click here)J.P. Morgan’s Michael Glick is also upbeat on FANG, saying, “Following the recent pullback in the stock, we model a ~6% FCF yield after dividends in 2020E and have the stock trading ~4.3x EV/EBITDA. In our view, this is one of the more attractive valuations in the sector.” He gives this stock a price target of $139, suggesting room for a 65% upside.All in all, FANG’s analyst consensus rating is a unanimous Strong Buy, with 12 analysts giving it the thumbs up in the last three months. Shares sell for $83, and the average price target is $139; this indicates a potential upside of 65%. (See Diamondback Energy stock analysis on TipRanks)EOG Resources (EOG)Our final stock today is also our largest. EOG has a market cap of $39.6 billion, and has operations in the same Marcellus shale formation as Cabot above. EOG is more spread out, however, with active wells and exploration in the Rocky Mountains, Texas, British Columbia, the island of Trinidad, and the Sichuan Basin of central China. The bulk of the company’s operations, however, are centered in the Permian Basin of Texas. EOG’s proven reserves are given as 2,928 million barrels of oil equivalent.A widespread energy producer with active operations in all of the United States’ most productive oil regions can be expected to bring in a high income, and investors will not be disappointed by EOG’s performance. The company’s 2018 revenues were reported at $17.275 billion and yielded a net income of $3.42 billion. These numbers were based on an annualized daily output of 719 thousand barrels of oil equivalent. EOG has used its strong cash flow to support an annualized dividend of $1.15 per share. The payout ratio, a measure of the dividend compared to the annual EPS, is a healthy 20%.Evercore analyst Stephen Richardson has taken note of EOG, reiterating his Buy rating on the stock and set a bullish price target of $145. He said, “A combination of early (read low cost) entrance into oil basins with the technical prowess to consistently drill and complete some of the best wells industry wide is a differentiator. EOG is perhaps the only upstream entity in a position to bolster ROCE by deploying, not rationing capital which is unique.” Richardson’s price target implies a hefty 113% upside to this stock.Overall, TipRanks’ data shows an overwhelmingly bullish camp backing this oil company. The ‘Strong Buy’ stock has amassed 10 "buy" ratings in the last three months, with just two analysts playing it safe with a "hold." The 12-month average price target stands tall at $102.18, marking nearly 50% in return potential for the stock. (See EOG stock analysis on TipRanks)

  • New Strong Sell Stocks for October 15th
    Zacks

    New Strong Sell Stocks for October 15th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • Hedge Funds Are Betting On Cabot Oil & Gas Corporation (COG)
    Insider Monkey

    Hedge Funds Are Betting On Cabot Oil & Gas Corporation (COG)

    The financial regulations require hedge funds and wealthy investors that crossed the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

  • What the EIA Inventory Numbers Say About Natural Gas Stocks
    Zacks

    What the EIA Inventory Numbers Say About Natural Gas Stocks

    Stockpiles held in underground storage in the lower 48 states rose by 112 billion cubic feet for the week ended Sep 27, above the guidance of 109 billion cubic feet gain.

  • Cabot (COG) to Sell 20% Stake in Meade Pipeline for $256M
    Zacks

    Cabot (COG) to Sell 20% Stake in Meade Pipeline for $256M

    In a shareholder-friendly bid, Cabot (COG) aims to fulfill its commitment of returning more than half of its free cash flow to investors through share buybacks and payouts.

  • The Zacks Analyst Blog Highlights: EQT, SilverBow Resources, Cabot Oil & Gas, Montage Resources and Southwestern Energy
    Zacks

    The Zacks Analyst Blog Highlights: EQT, SilverBow Resources, Cabot Oil & Gas, Montage Resources and Southwestern Energy

    The Zacks Analyst Blog Highlights: EQT, SilverBow Resources, Cabot Oil & Gas, Montage Resources and Southwestern Energy

  • PR Newswire

    Cabot Oil & Gas Corporation Announces Third Quarter 2019 Earnings Release Date and Conference Call

    HOUSTON , Sept. 30, 2019 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot" or the "Company") announced today that it plans to release third quarter 2019 financial and ...

  • Natural Gas Loses 6% for the Week: What's Behind the Drop?
    Zacks

    Natural Gas Loses 6% for the Week: What's Behind the Drop?

    Natural gas might experience short-lived surge based on positive weather forecasts but any powerful turnaround looks unlikely at the moment.

  • PR Newswire

    Cabot Oil & Gas Corporation Announces Agreement to Divest Non-Core Pipeline Interests for $256 Million, Provides Update on Share Repurchase Program

    HOUSTON , Sept. 30, 2019 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) ("Cabot" or the "Company") announced today that it has reached an agreement to sell its 20 percent ownership ...

  • Why Cabot Oil & Gas Corporation (NYSE:COG) Is An Attractive Investment To Consider
    Simply Wall St.

    Why Cabot Oil & Gas Corporation (NYSE:COG) Is An Attractive Investment To Consider

    Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on...

  • GuruFocus.com

    Wall Street Green Wednesday

    Cintas jumps on strong earnings Continue reading...

  • Why Gas Prices Fell 4% and What Should Investors Do Now
    Zacks

    Why Gas Prices Fell 4% and What Should Investors Do Now

    Natural gas might experience short-lived surge based on positive weather forecasts but any powerful turnaround looks unlikely at the moment.

  • Moody's

    Cognor S.A. -- Moody's announces completion of a periodic review of ratings of Cognor S.A.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cognor S.A. Frankfurt am Main, September 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cognor S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Is There An Opportunity With Cabot Oil & Gas Corporation's (NYSE:COG) 36% Undervaluation?
    Simply Wall St.

    Is There An Opportunity With Cabot Oil & Gas Corporation's (NYSE:COG) 36% Undervaluation?

    Does the September share price for Cabot Oil & Gas Corporation (NYSE:COG) reflect what it's really worth? Today, we...

  • Oil & Gas US E&P Outlook: Bearish Signals Abound
    Zacks

    Oil & Gas US E&P Outlook: Bearish Signals Abound

    Oil & Gas US E&P; Outlook: Bearish Signals Abound

  • Stocks the Market Is Discounting the Most This Summer
    GuruFocus.com

    Stocks the Market Is Discounting the Most This Summer

    Business challenges sent their prices down recently Continue reading...

  • GuruFocus.com

    Weekly CEO Buys Highlight

    Details the CEO buys this past week for the following companies: NGL Energy Partners, Wyndham Hotels and Resorts, Bain Capital Specialty Finance, Sirius International Insurance and Cabot Oil & Gas Continue reading...

  • Bullish EIA Data Unable to Stop Natural Gas Price Slump
    Zacks

    Bullish EIA Data Unable to Stop Natural Gas Price Slump

    Natural gas futures fall after weather updates show forecasts of mild temperatures in a number of regions of the Lower 48 U.S. states that would hamper the fuel's air conditioning demand.

  • Why Is Cabot (COG) Down 22.7% Since Last Earnings Report?
    Zacks

    Why Is Cabot (COG) Down 22.7% Since Last Earnings Report?

    Cabot (COG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • The Zacks Analyst Blog Highlights: EQT, SilverBow, Montage, Cabot Oil and Southwestern
    Zacks

    The Zacks Analyst Blog Highlights: EQT, SilverBow, Montage, Cabot Oil and Southwestern

    The Zacks Analyst Blog Highlights: EQT, SilverBow, Montage, Cabot Oil and Southwestern

  • Read This Before Buying Cabot Oil & Gas Corporation (NYSE:COG) Shares
    Simply Wall St.

    Read This Before Buying Cabot Oil & Gas Corporation (NYSE:COG) Shares

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • GuruFocus.com

    Cabot Oil & Gas Corp (COG) Chairman, President & CEO Dan O Dinges Bought $326,800 of Shares

    Chairman, President & CEO of Cabot Oil & Gas Corp (30-Year Financial, Insider Trades) Dan O Dinges (insider trades) bought 20,000 shares of COG on 08/19/2019 at an average price of $16.34 a share. Continue reading...

  • Natural Gas Price Gains Kept in Check by Soaring Production
    Zacks

    Natural Gas Price Gains Kept in Check by Soaring Production

    With gas output in the lower 48 states recently hitting a record 92.1 Bcf per day, there is little room for prices to improve meaningfully from their current levels of around $2.20 per MMBtu.