Cabot Oil & Gas Corporation [NYSE: COG] stock went on a downward path that fall over -0.16% on Thursday, amounting to a one-week price decrease of less than -1.37%. The company report on February 5, 2021 that Cabot Oil & Gas Corporation Provides Fourth Quarter and Full-Year 2020 Operational Update, Reports Six Percent Growth in Proved Reserves to 13.7 Tcfe, Announces 2021 Guidance.
Cabot Oil & Gas Corporation (NYSE: COG) (“Cabot” or the “Company”) provided an operational update for the fourth quarter and full-year 2020, reported its year-end 2020 estimated proved reserves, and announced 2021 guidance.
“Cabot Oil & Gas delivered another strong year operationally and financially in 2020, including its fifth consecutive year of positive free cash flow generation, despite the challenges presented by the COVID-19 pandemic and a depressed natural gas price environment, which resulted in the lowest natural gas price realizations in the Company’s 31-year history as a public company,” stated Dan O. Dinges, Chairman, President and Chief Executive Officer. “We remain positive on our outlook for significant free cash flow expansion this year, which is underpinned by improving fundamentals for natural gas supply and demand and lower capital spending year-over-year, allowing for an increase in our return of capital to shareholders and continued debt reduction in 2021.”.
Over the last 12 months, COG stock rose by 24.83%. The one-year Cabot Oil & Gas Corporation stock forecast points to a potential upside of 12.56. The average equity rating for COG stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.59 billion, with 398.58 million shares outstanding and 389.07 million shares in the current float. Compared to the average trading volume of 5.98M shares, COG stock reached a trading volume of 7819394 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Cabot Oil & Gas Corporation [COG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COG shares is $21.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COG stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Cabot Oil & Gas Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 03, 2021. The new note on the price target was released on January 06, 2021, representing the official price target for Cabot Oil & Gas Corporation stock. Previously, the target price had yet another raise to $21.50, while Siebert Williams Shank analysts kept a Buy rating on COG stock.
The Average True Range (ATR) for Cabot Oil & Gas Corporation is set at 0.78, with the Price to Sales ratio for COG stock in the period of the last 12 months amounting to 5.18. The Price to Book ratio for the last quarter was 3.51, with the Price to Cash per share for the same quarter was set at 0.00. Price to Free Cash Flow for COG in the course of the last twelve months was 387.45 with Quick ratio for the last quarter at 0.80.
COG Stock Performance Analysis:
Cabot Oil & Gas Corporation [COG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.37. With this latest performance, COG shares gained by 2.08% in over the last four-week period, additionally plugging by 0.32% over the last 6 months – not to mention a rise of 24.83% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COG stock in for the last two-week period is set at 52.87, with the RSI for the last a single of trading hit 52.60, and the three-weeks RSI is set at 52.86 for Cabot Oil & Gas Corporation [COG]. The present Moving Average for the last 50 days of trading for this stock 18.03, while it was recorded at 18.69 for the last single week of trading, and 18.33 for the last 200 days.
Insight into Cabot Oil & Gas Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Cabot Oil & Gas Corporation [COG] shares currently have an operating margin of +16.70 and a Gross Margin at +25.22. Cabot Oil & Gas Corporation’s Net Margin is presently recorded at +14.27.
Return on Total Capital for COG is now 6.94, given the latest momentum, and Return on Invested Capital for the company is 6.19. Return on Equity for this stock inclined to 9.18, with Return on Assets sitting at 4.42. When it comes to the capital structure of this company, Cabot Oil & Gas Corporation [COG] has a Total Debt to Total Equity ratio set at 51.18. Additionally, COG Total Debt to Total Capital is recorded at 33.85, with Total Debt to Total Assets ending up at 25.07. Long-Term Debt to Equity for the company is recorded at 42.69, with the Long-Term Debt to Total Capital now at 28.24.
Cabot Oil & Gas Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.
COG Stock EPS
With the latest financial reports released by the company, Cabot Oil & Gas Corporation posted 0.14/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 7.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cabot Oil & Gas Corporation go to 43.79%.
Cabot Oil & Gas Corporation [COG] Insider Position Details
There are presently around $7,250 million, in the hands of institutional investors. The top three institutional holders of COG stocks are: VANGUARD GROUP INC with ownership of 43,282,052, which is approximately -1.585% of the company’s market cap and around 1.80% of the total institutional ownership; ARISTOTLE CAPITAL MANAGEMENT, LLC, holding 39,193,566 shares of the stock with an approximate value of $730.96 million in COG stocks shares; and STATE STREET CORP, currently with $538.02 million in COG stock with ownership of nearly 12.727% of the company’s market capitalization.
Positions in Cabot Oil & Gas Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 250 institutional holders increased their position in Cabot Oil & Gas Corporation [NYSE:COG] by around 45,841,128 shares. Additionally, 246 investors decreased positions by around 43,191,304 shares, while 60 investors held positions by with 299,685,754 shares. The mentioned changes placed institutional holdings at 388,718,186 shares, according to the latest SEC report filing. COG stock had 74 new institutional investments in for a total of 4,764,162 shares, while 64 institutional investors sold positions of 8,519,619 shares during the same period.