Cabot Oil & Gas: S&P Intraday Laggard
NEW YORK (
) --
Cabot Oil & Gas
(COG) - Get Report
was one of the worst-performing stocks in the
S&P 500
intraday Friday.
The S&P 500 was up 0.05% to 1,321.
Shares of Cabot Oil fell 2.17% to $34.31. The Houston-based independent oil and gas company was downgraded to neutral from add by Capital One Southcoast analysts with a price target of $40.
Cabot Oil trades at an estimated price-to-earnings ratio for next year of 39.59 times; the average for exploration and production companies is 15.15. For comparison,
Valero Energy
(VLO) - Get Report
has a lower forward P/E of 5.06.
Thirteen of the 25 analysts who cover Cabot Oil & Gas rated it hold. Eleven analysts gave the stock a buy rating and one rated it sell.
The stock has declined 9.74% year to date.
-- Written by Alexandra Zendrian
>To contact the writer of this article, click here:
Alexandra Zendrian
>To submit a news tip, send an email to:
.
>To follow the writer on Twitter, go to
.
