Cabot Oil & Gas Corporation (NYSE:COG) concluded the trading on Thursday, Sep 10 with a fall of -0.32% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $18.58 and 5Y monthly beta was reading 0.2 with its price kept floating in the range of $18.44 and $18.69 on the day. Company’s P/E ratio for the trailing 12 months is 23.52. Considering stock’s 52-week price range provides that COG hit a high price of $22.67 and saw its price falling to a low level of $13.06 during that period. Over a period of past 1-month, stock came losing -9.72% in its value.
With its current market valuation of $7.33 Billion, Cabot Oil & Gas Corporation is set to declare its quarterly results on Oct 22, 2020- Oct 26, 2020. COG Stock’s Forward Dividend of 0.4 and its yield of 0.0215 are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.08 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving down to $0.57 for 2020 with estimates of that growing to $1.65 in next year. These estimates are suggesting current year growth of -0.66% for EPS and 1.89% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $356.94 Million. They suggested that in the process company could generate revenue of as low as $288.19 Million which could climb up to $443.06 Million to hit a high. The average estimate is representing an increase of -16.8% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $1.55 Billion in 2020, which will be -25.1% less from revenue generated by the company last year.
In contrast, when we review COG stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Buy for it.
In comparing Cabot Oil & Gas Corporation (COG)’s stock with other industry players reveals that stock’s latest price change of -0.32% and that of -0.05% over the past 12 months is in better position with that of Eog Resources (EOG) which saw its stock price fell by -5.65% in the recent trading and went through a decline of -47.74% in past 12-month trading. Industry’s another major player Pioneer Natural Resources Company (PXD) has fell -1.95% down in latest trading session, but over the past year has faced a fall of -28.31%, while Cheniere Energy (LNG) is also down -0.32% however its price remained floating in the red at -0.05% over the same period. Cabot Oil & Gas Corporation has a P/E ratio of 23.52 against that of Eog Resources’s 69.53 while Pioneer Natural Resources Company is showing 37.99 for the same. On the other hand, the S&P 500 Index was down -0.41% in the early deals while the Dow Jones Industrial was dealing lower at -0.45%.
Having a second look at Cabot Oil & Gas Corporation (NYSE:COG) provides that stock’s average daily trading volume for 3 months was 4.98 Million, while it dropped to 4.82 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 398.58 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 2.05% while it is 100.06% for the institutional holders. The figures also indicate that as of August 13, 2020, number of stock’s short shares was 13620000 which implies a short ratio of 2.81. This shows up a 3.42% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short declined as it was 13.89 Million in the previous month. Addition of +6.72% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.