NEW YORK ( TheStreet) -- Cabot Oil & Gas Corporation (NYSE: COG) hit a new 52-week high Friday as it is currently trading at $80.85, above its previous 52-week high of $80.54 with 1.4 million shares traded as of 12:55 p.m. ET. Average volume has been 2.3 million shares 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 104.6% year to date as of the close of trading on Thursday. 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 58.6, above the average energy industry P/E ratio of 58 and above the S&P 500 P/E ratio of 17.7.
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