Stocks in the News: Cabot Oil & Gas Corporation (NYSE:COG)


Cabot Oil & Gas Corporation (NYSE:COG) added 1.36% and closed its last session at $23.06. The stock has the market capitalization of $10.73 Billion with the total outstanding shares of 465.15 Million. Cabot Oil & Gas Corporation. has Analysts’ Mean Recommendation of 1.86 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 57.94.

Cabot Oil & Gas Corporation (NYSE:COG) touched its 52-Week High of $26.74 on Sep 9, 2016 while it’s 52-Week Low of $14.88 on Jan 12, 2016. The company currently has Return on Assets of -4.3 percent, Return on Equity of -8.8% and Return on Investment of -0.4 percent. The stock currently showing Weekly Volatility of 3.99%% and Monthly Volatility of 3.50% Percent with Average True Range of 0.83 and Beta of 0.57.

The 33 analysts offering 12-month price forecasts for Cabot Oil & Gas Corp have a median target of 28.00, with a high estimate of 38.00 and a low estimate of 22.00. The median estimate represents a +21.42% increase from the last price of 23.06.

Press Release:

The Company on 28 November reported financial and operating results for the third quarter of 2016. Highlights for the quarter include:

  • Equivalent production growth of six percent relative to the prior-year comparable quarter, driven by a nine percent growth in natural gas production;
  • Positive free cash flow (cash flow from operating activities less capital expenditures) for the third quarter and year-to-date;
  • Cash operating expenses per unit improved by 13 percent relative to the prior-year comparable quarter;
  • Approximately $2.2 billion of liquidity and only $1.0 billion of net debt as of quarter-end

Third Quarter 2016 Financial Results

Equivalent production in the third quarter of 2016 was 150.8 billion cubic feet equivalent (Bcfe), consisting of 144.4 billion cubic feet (Bcf) of natural gas, 941.4 thousand barrels (Mbbls) of crude oil and condensate, and 129.6 Mbbls of natural gas liquids (NGLs). The Company estimates that downstream maintenance projects and unscheduled upstream gathering downtime negatively impacted natural gas production for the quarter by approximately 3.2 Bcf, or 35 million cubic feet (Mmcf) per day.

Company Profile:

Cabot Oil & Gas Corp. is an independent oil and gas company engaged in the exploration, development, acquisition and exploitation of oil and gas properties located in four areas of the United States: the onshore Texas and Louisiana Gulf Coast; the Rocky Mountains; Appalachia; and the Mid-Continent or Anadarko Basin.