Last $29.41 USD
Change Today +0.26 / 0.89%
Volume 2.7M
COG On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 12:36 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

cabot oil & gas corp (COG) Snapshot

Open
$29.16
Previous Close
$29.15
Day High
$29.41
Day Low
$28.86
52 Week High
05/1/14 - $39.46
52 Week Low
01/28/15 - $26.01
Market Cap
12.1B
Average Volume 10 Days
6.7M
EPS TTM
$1.18
Shares Outstanding
413.2M
EX-Date
01/28/15
P/E TM
24.9x
Dividend
$0.08
Dividend Yield
0.28%
Current Stock Chart for CABOT OIL & GAS CORP (COG)

cabot oil & gas corp (COG) Related Businessweek News

View More BusinessWeek News

cabot oil & gas corp (COG) Details

Cabot Oil & Gas Corp. is an oil and gas producer working in North America. It engages in oil exploration, development, exploitation, and production. The company also transports, stores, gathers, and purchases natural gas for resale. As of last December, Cabot’s proven reserves (developed and undeveloped) totalled about 1.4 million cubic feet of natural gas and 8,000 barrels of crude oil, condensate, and natural gas liquids. Cabot operates principally in the Appalachian Basin in the southeastern U.S., the Gulf Coast, the Rocky Mountains, the Anadarko Basin (southwest Kansas, Oklahoma, and the panhandle of Texas), and in Western Canada. The company, which was founded in 1989, is headquartered in Houston.

691 Employees
Last Reported Date: 02/27/15
Founded in 1989

cabot oil & gas corp (COG) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $801.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $444.2K
Vice President and General Counsel
Total Annual Compensation: $332.1K
Vice President and Regional Manager of North ...
Total Annual Compensation: $295.2K
Senior Vice President of Marketing
Total Annual Compensation: $336.2K
Compensation as of Fiscal Year 2013.

cabot oil & gas corp (COG) Key Developments

Cabot Oil & Gas Corporation Announces Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Production and Capital Expenditure Guidance for the Year 2015; Announces Impairment Charges for the Fourth Quarter of 2014

Cabot Oil & Gas Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s net loss was $221.8 million, or $0.54 per basic share, compared to net income of $77.9 million, or $0.19 per basic share, in the fourth quarter of 2013. Excluding the effect of the impairment and other selected items, net income was $95.3 million or $0.23 per share in the quarter, compared to $74.4 million, or $0.18 per share, in the fourth quarter of 2013. Cash flow from operations in the quarter was $293.2 million, compared to $257.9 million in the fourth quarter of 2013. Operating revenues were $618.0 million compared with $487.5 million a year ago. Loss from operations was $489.3 million compared with income from operations of $167.7 million a year ago. Loss before income taxes was $512.8 million compared with income before income taxes of $151.0 million a year ago. Capital expenditures were $514.9 million compared with $351.2 million a year ago. For the year, the company's net income was $104.5 million, or $0.25 per basic share, compared to $279.8 million, or $0.67 per basic share, in 2013. Excluding the effect of impairment and other selected items, the company’s net income was $404.6 million, or $0.97 per share, in 2014, compared to $298.1 million, or $0.71 per share, in 2013. Cash flow from operations in 2014 was $1.2 billion, compared to $1.0 billion in 2013. Operating revenues were $2,173.0 million compared with $1,746.3 million a year ago. Income from operations was $106.2 million compared with income from operations of $551.6 million a year ago. Income before income taxes was $32.4 million compared with income before income taxes of $485.5 million a year ago. Capital expenditures were $1,479.6 million compared with $1,194.7 million a year ago. As on December 31, 2014, the company’s net debt was $1,731.0 million. Equivalent production in the fourth quarter of 2014 was 151.9 Bcfe, consisting of 143.8 Bcf of natural gas and 1.4 Mmbbls of liquids. These figures represent increases of 25%, 23%, and 56%, respectively, compared to the fourth quarter of 2013. Cabot's net production in the Marcellus Shale during the fourth quarter of 2014 was 1,491 million cubic feet (Mmcf) per day, an increase of 27% over the prior year's comparable quarter and a 15% increase sequentially from the third quarter of 2014. Cabot's net production in the Eagle Ford Shale during the fourth quarter of 2014 was 14,829 barrels of oil equivalent (Boe) per day, an increase of 100% over the prior year's comparable quarter. This included 14,245 Bbls of liquids per day, an increase of 95% over the prior year's comparable quarter. Equivalent production was 531.8 Bcfe in 2014, consisting of 508.0 billion cubic feet (Bcf) of natural gas and 4.0 Mmbbls of liquids production. These figures represent increases of 29%, 29%, and 23%, respectively, compared to 2013. Based on budgeted price realizations (including the impact of hedges) of $2.45 per Mcf for natural gas and $55.00 per Bbl for crude oil, Cabot's updated 2015 capital budget is $900 million (excluding approximately $70 million of contributions to its equity investments in Constitution Pipeline and Central Penn Line). Approximately 80% of the 2015 budget is focused on drilling and completion activities, with 60% allocated to the Marcellus Shale and 40% allocated to the Eagle Ford Shale. As a result of the significant decrease in capital spending, Cabot has adjusted its 2015 production growth guidance range to 10% to 18%, including 50% to 60% growth in liquids production. The company announced impairment of oil and gas properties of $771.0 million for the fourth quarter ended December 31, 2014.

Cabot Oil & Gas Corporation to Report Q4, 2014 Results on Feb 20, 2015

Cabot Oil & Gas Corporation announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Feb 20, 2015

Cabot Oil & Gas Corporation, Q4 2014 Earnings Call, Feb 20, 2015

Cabot Oil & Gas Corporation, Q4 2014 Earnings Call, Feb 20, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
COG:US $29.45 USD +0.30

COG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Antero Resources Corp $38.39 USD +0.37
Cimarex Energy Co $111.72 USD +1.87
Concho Resources Inc $116.67 USD +2.75
EQT Corp $81.77 USD +1.10
MarkWest Energy Partners LP $64.55 USD -0.06
View Industry Companies
 

Industry Analysis

COG

Industry Average

Valuation COG Industry Range
Price/Earnings 100.0x
Price/Sales 6.1x
Price/Book 5.6x
Price/Cash Flow 7.9x
TEV/Sales 5.2x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CABOT OIL & GAS CORP, please visit www.cabotog.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.