Cabot Oil & Gas Corporation (COG): Today's Featured Basic Materials Laggard

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 Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.5%. By the end of trading, Cabot Oil & Gas Corporation fell $1.19 (-2.9%) to $40.42 on average volume. Throughout the day, 5,769,332 shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 5,160,600 shares. The stock ranged in price between $40.33-$41.78 after having opened the day at $41.73 as compared to the previous trading day's close of $41.61. Other companies within the Basic Materials sector that declined today were: Bill Barrett Corporation ( BBG), down 16.9%, Lightbridge ( LTBR), down 9.4%, Gold Standard Ventures ( GSV), down 8.4% and Hercules Offshore ( HERO), down 7.9%.

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 $16.7 billion and is part of the energy industry. Shares are up 7.3% year to date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Cabot Oil & Gas Corporation a buy, no analysts rate it a sell, and 4 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 positive front, Timberline Resources Corporation ( TLR), up 19.4%, Clayton Williams Energy ( CWEI), up 12.2%, NuStar GP Holdings ( NSH), up 11.4% and REX American Resources ( REX), up 9.6% , were all gainers within the basic materials sector with Cimarex Energy Company ( XEC) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

It's Going to Be a Good Winter for Natural Gas Companies, Morgan Stanley Says

Cabot Oil & Gas Looks Ready to Lodge on the Long Side

Cramer: Acquisition Shows Energy Companies Know Where Values Are