NEW YORK (
Cabot Oil & Gas Corporation
) is trading at unusually high volume Wednesday with five million shares changing hands. It is currently at four times its average daily volume and trading up $4.97 (+12.5%) at $44.80 as of 3:56 p.m. ET.
Cabot Oil & Gas has a market cap of $4.2 billion and is part of the
industry. Shares are up 5.2% year to date as of the close of trading on Tuesday.
Cabot Oil & Gas Corporation engages in the development, exploitation, and exploration of oil and gas properties in North America. The company's reserves are focused in both conventional and unconventional basins in Appalachia, the Rocky Mountains, the Mid-Continent, and the Gulf Coast. The company has a P/E ratio of 47, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates Cabot Oil & Gas as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full
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