NEW YORK (

TheStreet

) --

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

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