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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.2%. By the end of trading, Cabot Oil & Gas Corporation rose $1.45 (4.2%) to $35.87 on average volume. Throughout the day, 6,612,272 shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 5,597,900 shares. The stock ranged in a price between $34.00-$35.89 after having opened the day at $34.13 as compared to the previous trading day's close of $34.42. Other companies within the Energy industry that increased today were: Dejour Energy ( DEJ), up 21.7%, Lilis Energy ( LLEX), up 9.7%, Cheniere Energy ( LNG), up 6.5% and Equal Energy ( EQU), up 6.2%.

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 $14.6 billion and is part of the basic materials sector. The company has a P/E ratio of 60.6, above the S&P 500 P/E ratio of 17.7. Shares are up 38.4% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Cabot Oil & Gas Corporation a buy, no analysts rate it a sell, and 6 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, Precision Drilling ( PDS), down 9.0%, Ring Energy ( REI), down 8.4%, New Concept Energy ( GBR), down 6.1% and Syntroleum Corporation ( SYNM), down 5.1% , were all laggards within the energy industry with Baker Hughes ( BHI) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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