Cabot Oil & Gas Corporation (COG): Today's Featured Energy Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Cabot Oil & Gas Corporation ( COG) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 1.6%. By the end of trading, Cabot Oil & Gas Corporation rose $1.07 (1.6%) to $69.07 on average volume. Throughout the day, 2,042,733 shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 1,992,000 shares. The stock ranged in a price between $65.68-$69.68 after having opened the day at $67.29 as compared to the previous trading day's close of $68.00. Other companies within the Energy industry that increased today were: KiOR ( KIOR), up 10.5%, Cubic Energy ( QBC), up 9.7%, GeoPetro Resources Company ( GPR), up 8.1% and Barnwell Industries ( BRN), up 7.9%.
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Cabot Oil & Gas Corporation, an independent oil and gas company, engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids in the United States. Cabot Oil & Gas Corporation has a market cap of $14.5 billion and is part of the basic materials sector. The company has a P/E ratio of 94.4, above the S&P 500 P/E ratio of 17.7. Shares are up 36.7% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Cabot Oil & Gas Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Cabot Oil & Gas Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front, MagneGas Corporation ( MNGA), down 9.4%, Apco Oil and Gas International ( APAGF), down 7.8%, Harvest Natural Resources ( HNR), down 7.6% and Cal Dive International ( DVR), down 7.5% , were all laggards within the energy industry with Exxon Mobil Corporation ( XOM) being today's energy industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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