Oil prices are likely to rebound from here, but robust U.S. supply will ultimately cap upside. If you wish to go to ZacksTrade, click OK. balance sheet and inputs from the stock market. Given the vaporization of tens, if not hundreds, of billions in investor capital over the last decade, it's understandable that U.S. exploration and production companies are shunned by investors. The scores are based on the trading styles of Value, Growth, and Momentum.
This compares with what Big Tobacco, another "sin" industry, did in the early 2000s after that industry's Master Settlement Agreement in 1998. Cabot Oil & Gas Corporation Common Stock (COG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. However, we think the spike in natural gas prices is temporary. There may be delays, omissions, or inaccuracies Stock Market Outlook: Late-Cycle Behavior? The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. As of year-end 2018, the company had around 2,900 undrilled locations left in its kitty. All of Cabot’s production is Marcellus dry natural gas. 19.18-0.16-0.83%. If you do not, click Cancel. Lower Prices, Greater Activity for Oil and Gas M&A in 2009. We use cookies to understand how you use our site and to improve your experience. © Copyright 2020 Morningstar, Inc. All rights reserved. We value your privacy .
Company Summary Founded in 1989, Houston-based Cabot Oil & Gas Corporation is an independent gas exploration company with producing properties mainly in the continental U… Markets Insider Automation 23 hrs ago. View which stocks have been most impacted by COVID-19. The sector with the best average Zacks Rank would be considered the top sector (1 out of 16), which would place it in the top 1% of Zacks Ranked Sectors. Privacy Policy and Real time prices by BATS. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The company’s production grew 9.6% year over year to 226.1 billion cubic feet equivalent comprisinf 100% natural gas (Bcfe) in 2019. Cabot Oil & Gas Corp Stock , COG. Dividend). Source: FactSet. All rights reserved. This will significantly reduce investor uncertainty, as the present value of most E&Ps' assets cannot cover their long-term obligations if the asset lives are greatly curtailed from our standard 40-year assumption. At year-end 2019, Cabot's proved reserves were 12.9 trillion cubic feet of equivalent, with net production of approximately 2,500 million cubic feet of natural gas per day.
The current glut in crude supply continues to weigh on prices and will take several quarters more to work through. Learn more about Zacks Equity Research reports, See all Oil and Gas - Exploration and Production - United States Peers ».
Based on the multiple expansion that resulted, the valuation uplift for E&Ps successfully executing our playbook could be as high as 60%. See rankings and related performance below. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. Registration on or use of this site constitutes acceptance of our, Cabot Oil & Gas Q3 free cash flow falls short of breakeven, Cabot Oil & Gas Corp. Q3 adjusted earnings Beat Estimates, Cabot Oil & Gas Corp hosts conference call for investors, Cabot Oil Gas is about to announce earnings — here's what Wall Street expects, Capital Research & Management Co. (World Investors), Vanguard Windsor Funds - Vanguard Windsor II Fund, Chairman, President & Chief Executive Officer, Chief Accounting Officer & Vice President, Chief Financial Officer & Executive Vice President, Secretary & Vice President-Administration, Vice President-Land & Business Development. Visit performance for information about the performance numbers displayed above. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein.
No cost, no obligation to buy anything ever. The sector with the worst average Zacks Rank (16 out of 16) would place in the bottom 1%. Zacks Rank Education -- Learn more about the Zacks Rank The company owns 174,000 net acres in the dry gas window of the play. After lowering our forecast for oil and gas prices, fair values across the energy sector have generally dropped, but some E&P and midstream names are reasonably valued, says Morningstar's Matt Coffina. Research, Inc. nor its Information Providers can guarantee the accuracy, Terms of Service apply. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Our U.S. E&P playbook better aligns executive compensation with investor interests by de-emphasizing production targets in favor of ROICs, embraces carbon legislation to reduce uncertainty, targets manageable leverage between 1 and 2 times, and promotes living within cash flows no matter what. Disclaimer | Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Examining the impact of abundant low-cost supply--and uncertainty in global oil markets--on the domestic natural gas complex. Investment Research, Inc, licensed by Zacks Investment Research, Inc. from Energy: Don't Expect a Quick Recovery for Crude Prices.
Founded in 1989, Houston-based Cabot Oil & Gas Corporation is an independent gas exploration company with producing properties mainly in the continental U.S.
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