Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. The company sells its natural gas to industrial customers, local distribution companies, gas marketers, and power generation facilities through gathering systems and pipelines. As of December 31, 2018, it had proved reserves of approximately 11.6 trillion cubic feet equivalent. The company was incorporated in 1989 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Phone281-589-4600
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.19 billion
Profitability
Miscellaneous
Employees483
Next Earnings Date7/26/2019 (Estimated)
OptionableOptionable
Cabot Oil & Gas (NYSE:COG) Frequently Asked Questions
What is Cabot Oil & Gas' stock symbol?
Cabot Oil & Gas trades on the New York Stock Exchange (NYSE) under the ticker symbol "COG."
How often does Cabot Oil & Gas pay dividends? What is the dividend yield for Cabot Oil & Gas?
Cabot Oil & Gas announced a quarterly dividend on Friday, April 26th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.09 per share on Wednesday, May 29th. This represents a $0.36 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, May 14th. This is a positive change from Cabot Oil & Gas's previous quarterly dividend of $0.07. View Cabot Oil & Gas' Dividend History.
How will Cabot Oil & Gas' stock buyback program work?
Cabot Oil & Gas announced that its board has initiated a share buyback plan on Friday, February 23rd 2018, which permits the company to repurchase 30,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.
How were Cabot Oil & Gas' earnings last quarter?
Cabot Oil & Gas Co. (NYSE:COG) announced its earnings results on Friday, April, 26th. The oil and gas exploration company reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.64 by $0.09. The oil and gas exploration company earned $641.70 million during the quarter, compared to analyst estimates of $674.71 million. Cabot Oil & Gas had a net margin of 29.81% and a return on equity of 31.52%. Cabot Oil & Gas's revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. View Cabot Oil & Gas' Earnings History.
When is Cabot Oil & Gas' next earnings date?
What price target have analysts set for COG?
18 brokers have issued 12 month target prices for Cabot Oil & Gas' stock. Their predictions range from $24.18 to $36.00. On average, they expect Cabot Oil & Gas' share price to reach $29.0843 in the next year. This suggests a possible upside of 13.2% from the stock's current price. View Analyst Price Targets for Cabot Oil & Gas.
What is the consensus analysts' recommendation for Cabot Oil & Gas?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cabot Oil & Gas in the last year. There are currently 8 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cabot Oil & Gas.
What are Wall Street analysts saying about Cabot Oil & Gas stock?
Here are some recent quotes from research analysts about Cabot Oil & Gas stock:
- 1. According to Zacks Investment Research, "Cabot Oil & Gas Corporation beat earnings expectations in its Q1 report. The company benefitted from its large acreage holdings in the fast-growing Marcellus Shale. Production from the region grew 25% during the quarter and Cabot expects to increase output by 20% in 2019 on the back of its impressive portfolio. Cabot's manageable leverage and investor-friendly moves are other positives. The company is committed to returning more than half of its free cash flow to stock holders through share buybacks and dividends. Bringing good news for investors, the natural gas explorer raised quarterly dividend by 29%. However, being a natural gas-weighted company, Cabot continues to reel under the effects of the commodity's price struggles. Lowering of annual production guidance keep us worried. Considering these factors, upside from current levels appear limited." (5/20/2019)
- 2. Williams Capital analysts commented, "We maintain our Hold on valuaon (7.6x and 7.4x 2019 and 2020 EV/EBITDA, respec vely, a 2.4x premium to its peer average), especially following the recent outperformance (up 16.4% YTD vs. peers which are up an average of 4.9%). Strong 1Q19 results. COG reported clean EPS and DCFPS of $0.73/$1.20, above our esmates of $0.66/$1.15 and Consensus of $0.64/$1.10. 1Q19 EBITDA was $513.7 million, above our esmate of $494.6 million and Consensus of $477.9 million. 1Q19 producon was 2,276.0 Mmcf/d, 0.5% above our esmate of 2,265.4 Mmcf/d but in line with Consensus of 2,276.8 Mmcf/d. Moreover, the Company achieved the top-end of its guidance with 14 net compleons, below our esmate of 15 net compleons. 1Q1 9 realized natural gas price was $3.35/Mcf, slightly below our esmate of $3.37/Mcf." (4/21/2019)
Has Cabot Oil & Gas been receiving favorable news coverage?
Media headlines about COG stock have trended somewhat negative on Monday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cabot Oil & Gas earned a coverage optimism score of -1.3 on InfoTrie's scale. They also gave news coverage about the oil and gas exploration company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days.
Who are some of Cabot Oil & Gas' key competitors?
Some companies that are related to Cabot Oil & Gas include Occidental Petroleum (OXY), The Hong Kong and China Gas (HOKCY), Ecopetrol (EC), Anadarko Petroleum (APC), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Concho Resources (CXO), Diamondback Energy (FANG), Sasol (SSL), Rwe Ag Sp (RWEOY), Continental Resources (CLR), GALP ENERGIA SG/ADR (GLPEY), Marathon Oil (MRO) and Devon Energy (DVN).
What other stocks do shareholders of Cabot Oil & Gas own?
Who are Cabot Oil & Gas' key executives?
Cabot Oil & Gas' management team includes the folowing people:
- Mr. Dan O. Dinges, Chairman, Pres & CEO (Age 65)
- Mr. Scott C. Schroeder, Exec. VP & CFO (Age 56)
- Mr. Jeffrey W. Hutton, Sr. VP of Marketing (Age 63)
- Mr. Phillip L. Stalnaker, Sr. VP of North Region (Age 59)
- Mr. Steven W. Lindeman, Sr. VP of South Region & Engineering (Age 58)
Who are Cabot Oil & Gas' major shareholders?
Cabot Oil & Gas' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.00%), FMR LLC (3.53%), Sanders Capital LLC (3.50%), Neuberger Berman Group LLC (3.38%), Wellington Management Group LLP (1.44%) and Geode Capital Management LLC (1.42%). Company insiders that own Cabot Oil & Gas stock include Dan O Dinges, Jeffrey W Hutton, Peter B Delaney, Robert Kelley and Todd M Roemer. View Institutional Ownership Trends for Cabot Oil & Gas.
Which institutional investors are selling Cabot Oil & Gas stock?
COG stock was sold by a variety of institutional investors in the last quarter, including Sanders Capital LLC, Amundi Pioneer Asset Management Inc., FMR LLC, Morgan Stanley, Charles Schwab Investment Management Inc., SEI Investments Co, Federated Investors Inc. PA and FIL Ltd. View Insider Buying and Selling for Cabot Oil & Gas.
Which institutional investors are buying Cabot Oil & Gas stock?
COG stock was bought by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Neuberger Berman Group LLC, Wellington Management Group LLP, South Texas Money Management Ltd., AQR Capital Management LLC, Man Group plc, Tobam and State of Tennessee Treasury Department. Company insiders that have bought Cabot Oil & Gas stock in the last two years include Peter B Delaney and Robert Kelley. View Insider Buying and Selling for Cabot Oil & Gas.
How do I buy shares of Cabot Oil & Gas?
Shares of COG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cabot Oil & Gas' stock price today?
One share of COG stock can currently be purchased for approximately $25.70.
How big of a company is Cabot Oil & Gas?
Cabot Oil & Gas has a market capitalization of $10.88 billion and generates $2.19 billion in revenue each year. The oil and gas exploration company earns $557.04 million in net income (profit) each year or $1.13 on an earnings per share basis. Cabot Oil & Gas employs 483 workers across the globe.
What is Cabot Oil & Gas' official website?
How can I contact Cabot Oil & Gas?
Cabot Oil & Gas' mailing address is 840 Gessner Road Suite 1400, Houston TX, 77024. The oil and gas exploration company can be reached via phone at 281-589-4600 or via email at [email protected]
MarketBeat Community Rating for Cabot Oil & Gas (NYSE COG)
MarketBeat's community ratings are surveys of what our community members think about Cabot Oil & Gas and other stocks. Vote "Outperform" if you believe COG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe COG will underperform the S&P 500 over the long term. You may vote once every thirty days.
