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Last $34.43 USD
Change Today -0.27 / -0.78%
Volume 837.9K
As of 10:43 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

cabot oil & gas corp (COG) Snapshot

Open
$34.59
Previous Close
$34.70
Day High
$34.80
Day Low
$34.42
52 Week High
05/30/14 - $36.70
52 Week Low
01/28/15 - $26.01
Market Cap
14.2B
Average Volume 10 Days
5.3M
EPS TTM
$1.02
Shares Outstanding
413.6M
EX-Date
05/5/15
P/E TM
33.8x
Dividend
$0.08
Dividend Yield
0.23%
Current Stock Chart for CABOT OIL & GAS CORP (COG)

cabot oil & gas corp (COG) Related Businessweek News

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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: $885.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $470.2K
Vice President and General Counsel
Total Annual Compensation: $345.5K
Vice President and Regional Manager of North ...
Total Annual Compensation: $316.2K
Senior Vice President of Marketing
Total Annual Compensation: $352.1K
Compensation as of Fiscal Year 2014.

cabot oil & gas corp (COG) Key Developments

Cabot Oil & Gas Corporation Seeks Acquisitions

Cabot Oil & Gas Corporation (NYSE:COG) is seeking acquisitions. Dan Dinges, Chairman, President and Chief Executive Officer, said on acquisitions, "We had two bolt-ons at the end of this last year and we are comfortable with that process. We saw it as an opportunity. It was primary term acreage. We weren't paying a premium value for production, so it was -- and it fit our footprint. If we have opportunities that are nearby and we can continue the efficiency with the operation that we have on the ground right there, we are going to look at it and we would entertain a value consideration there but it's got to meet our economics. We look at full cycle economics, and if it doesn't meet that threshold then it's something that we'll just be content on the acreage we have."

Cabot Oil & Gas Corporation Presents at Citi Global Energy & Utilities Conference, May-13-2015 09:30 AM

Cabot Oil & Gas Corporation Presents at Citi Global Energy & Utilities Conference, May-13-2015 09:30 AM. Venue: The Hyatt Regency, 1 Avenue de Lafayette, Boston, MA 02111, United States. Speakers: Dan O. Dinges, Chairman, Chief Executive Officer, President and Member of Executive Committee.

Cabot Oil & Gas Corporation Announces Unaudited Consolidated Production and Earnings Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Second Quarter and Full Year 2015 and Capital Expenditure Guidance for the Full Year 2015

Cabot Oil & Gas Corporation announced unaudited consolidated production and earnings results for the first quarter ended March 31, 2015. For the quarter, operating revenues were $464,765,000 against $509,803,000 a year ago. Income from operations was $87,295,000 against $194,487,000 a year ago. Income before income taxes was $63,729,000 against $177,930,000 a year ago. Net income was $40,255,000 against $107,031,000 a year ago. Basic earnings per share were $0.10 against $0.26 a year ago. Net cash provided by operations was $267,381,000 against $255,378,000 a year ago. Capital expenditures were $395,242,000 against $338,701,000 a year ago. Net Debt was $1,863,052,000 against $1,731,046,000 a year ago. Net income excluding select items for the quarter was $49 million or $0.12 per share and discretionary cash flow for the quarter was $240 million. Equivalent production in the first quarter of 2015 was 171.4 Bcfe, consisting of 161.8 billion cubic feet (Bcf) of natural gas and 1.6 Mmbbls of liquids. These figures represent increases of 43%, 40%, and 132%, respectively, compared to the first quarter of 2014. The company has provided second quarter net production guidance of 1,375 to 1,425 Mmcf per day and 17,500 to 18,250 Bbls per day for natural gas and liquids, respectively. Cabot's full-year production growth guidance range of 10% to 18% remains unchanged. The company expects its natural gas price realizations before the impact of hedges to average between $0.82 and $0.92 below NYMEX settlement prices for the second quarter. Cabot's 2015 capital program remains unchanged at $900 million. As a result of a higher rig count and more completion activity during the first half of 2015, the company estimates approximately 65% of its capital budget will be incurred in the first half of the year with the remaining 35% to be spent evenly between the third and fourth quarters.

 

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Industry Analysis

COG

Industry Average

Valuation COG Industry Range
Price/Earnings 100.0x
Price/Sales 7.7x
Price/Book 6.7x
Price/Cash Flow 9.9x
TEV/Sales 6.7x
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