NEW YORK (
Cabot Oil & Gas Corporation
) hit a new 52-week high Tuesday as it is currently trading at $55.15, above its previous 52-week high of $55.11 with 443,745 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 $5.7 billion and is part of the
industry. Shares are up 36.8% year to date as of the close of trading on Monday.
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 55.8, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Cabot Oil & Gas as a
. 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
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