NEW YORK (

TheStreet

) --

Cabot Oil & Gas Corporation

(NYSE:

COG

) hit a new 52-week high Thursday as it traded at $49.81 compared with its previous 52-Week high of $49.74. Cabot Oil & Gas is changing hands at $49.80 with 685,613 shares traded as of 11:21 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Cabot Oil & Gas has a market cap of $5.1 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 30.9% year to date as of the close of trading on Wednesday.

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 50.3, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.

  • Practice your COG trading strategies and win cash in our stock game.

TheStreet Ratings rates Cabot Oil & Gas as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

Cabot Oil & Gas Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null