|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.91 - 23.54|
|52 Week Range||21.40 - 29.57|
|PE Ratio (TTM)||106.85|
|Earnings Date||Apr 27, 2018|
|Forward Dividend & Yield||0.24 (1.01%)|
|1y Target Est||31.16|
Approximately 66.7% of the analysts rate Cabot Oil & Gas (COG) as a “buy,” while 33.3% rate it as a “hold.” The average broker target price of $31.16 for the company implies a return of ~31% in the next 12 months.
Cabot Oil & Gas (COG) stock started weak this year and mirrored natural gas prices (UNG). Cabot Oil & Gas stock has fallen ~1.5% YoY (year-over-year). The stock has underperformed the Energy Select Sector SPDR ETF (XLE), which has increased ~4.3% during the same period.
Cabot Oil & Gas (COG) has provided a 1Q18 production guidance range of 1,825 MMcfe (million cubic feet equivalent) per day–1,875 MMcfe per day. In comparison, Cabot Oil & Gas reported production of 1,889.6 MMcfe per day in 1Q17.
Cabot Oil & Gas (COG) plans to release its 1Q18 earnings on April 27, 2018. The company’s 1Q18 revenue estimates stand at ~$467 million. The company’s revenue was ~$517.84 million in 1Q17.
On April 11–18, 2018, our list of natural gas–weighted stocks fell 2%. However, natural gas May futures rose 2.4% during this period. In the seven calendar days to April 18, the natural gas–weighted stocks that outperformed were: Cabot Oil & Gas (COG) rose 2.3%. Southwestern Energy (SWN) rose 0.4%. Chesapeake Energy (CHK) fell 1.9%.
On April 11–18, 2018, US crude oil June futures rose 2.6%. The following natural gas–weighted stocks could follow oil’s rise based on the past five trading sessions’ correlations with US crude oil June futures: Southwestern Energy (SWN) at 79.3% Chesapeake Energy (CHK) at 74.1% Range Resources (RRC) at 68.6%
On April 18, 2018, natural gas May futures were unchanged and closed at $2.739 per MMBtu (million British thermal units). On April 19, 2018, the EIA’s natural gas inventory report will likely be important for natural gas prices.
On April 17, 2018, natural gas May 2018 futures closed at a premium of ~$0.1 to May 2019 futures. The difference is called the “futures spread.” On April 10, 2018, the futures spread was at a premium of ~$0.03. Between April 10 and April 17, 2018, natural gas May futures rose 3.1%.
The current implied volatility for Chesapeake Energy stock (CHK) is ~60.4%. In comparison, EQT (EQT) and Cabot Oil & Gas (COG) have lower implied volatilities of ~35.7% and ~34.1%, respectively. Meanwhile, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of ~22.4%.
The natural gas–weighted stocks that could follow oil’s rise based on the past five trading sessions’ correlations with US crude oil May futures were: Southwestern Energy (SWN): 79.4% Cabot Oil & Gas (COG): 77.1% Range Resources (RRC): 64.1% Gulfport Energy (GPOR): 56.4% Chesapeake Energy (CHK): 46.9%
On April 11, 2018, natural gas May futures rose 0.7% and closed at ~$2.68 per MMBtu (million British thermal units). The EIA’s natural gas inventory report on April 12, 2018, is expected to be important for natural gas prices.
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HOUSTON , April 2, 2018 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) will host its first quarter 2018 earnings conference call on Friday, April 27, 2018 at 9:30 a.m. Eastern Time . The Company ...