NEW YORK ( TheStreet) -- Cabot Oil & Gas Corporation (NYSE: COG) hit a new 52-week high Wednesday as it traded at $42.83 compared with its previous 52-Week high of $42.68. Cabot Oil & Gas is changing hands at $42.54 with 201,658 shares traded as of 9:31 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Cabot Oil & Gas has a market cap of $4.2 billion and is part of the basic materials sector and energy 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 Cabot Oil & Gas Ratings Report.

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