The independent oil and gas company reported its net income increased $107.03 million, or $0.26 per share, an increase from the $42.8 million, or $0.10 per share, it reported during the first quarter of 2013.
The company's operating revenue for the first quarter of 2014 jumped to $509.80 million from $373.29 million during the first quarter 2013.
TheStreet Ratings team rates CABOT OIL & GAS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CABOT OIL & GAS CORP (COG) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. 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, good cash flow from operations and expanding profit margins. 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."