NEW YORK ( TheStreet) -- Shares of Cabot Oil & Gas Corporation (NYSE: COG) were gapping up Thursday morning with an open price 10.3% higher than Wednesday's closing price. The stock closed at $66.84 Wednesday and opened today's trading at $73.74. The average volume for Cabot Oil & Gas has been 2.3 million shares per day over the past 30 days. Cabot Oil & Gas has a market cap of $6.9 billion and is part of the basic materials sector and energy industry. Shares are up 76.6% year to date as of the close of trading on Wednesday. Cabot Oil & Gas Corporation operates as an independent oil and gas company in the United States. The company engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids. The company has a P/E ratio of 58, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Cabot Oil & Gas as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.