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1. Cabot Oil & Gas ( COG)

Company Profile: Cabot Oil & Gas produces and stores natural gas for resale. The company is involved in the Marcellus shale project.

2011 Total Return: 84%

Current Share Price: $69.50 (Aug. 25)

Oil prices have dropped as growth forecasts have been pared back, but Cabot should still see longer-term demand for natural gas. Unlike oil, natural gas is in abundance in the U.S. The company has been performing well, with revenue up 20% in the second quarter. Cabot also reported a doubling of profits.

Even with this dominant performance in 2011 thus far, 12 analysts covering Cabot rate the stock "buy," including analysts at Brean Murray and Canaccord Genuity. Another eight research firms say investors should hold on to shares. Only one researcher has a "sell" rating on Cabot shares. The average price target of $93 suggests upside potential of more than 30%.

To see these stocks in action, check out the 10 Best Performing S&P 500 Stocks portfolio on Stockpickr.

-- Written by Robert Holmes in Boston.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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