66.9 F
New York
Thursday, October 1, 2020

Cabot Oil & Gas Corporation (NYSE:COG) Finding Zero Support

Must read

Molson Coors Beverage Company (NYSE:TAP) is Gaining Momentum on Earnings Catalyst

Molson Coors Beverage Company (TAP) shares are trading at higher $33.56 and the avg recommendation for the stock is Moderate Buy, while the current...

Renewed Optimism is Surrounding Washington Prime Group Inc. (NYSE:WPG)

Washington Prime Group Inc. (WPG) shares are trading at higher $0.65 and the avg recommendation for the stock is Hold, while the current analyst...

Is Now the Time to Invest in Credit Suisse Group AG (NYSE:CS)?

Credit Suisse Group AG (CS) shares are trading at higher $9.97 and the avg recommendation for the stock is Moderate Buy, while the current...

Borr Drilling Limited (NYSE:BORR) Finding Zero Support

Borr Drilling Limited (BORR) shares are trading at lower $0.55 and the avg recommendation for the stock is Hold, while the current analyst price...

The Cabot Oil & Gas Corporation (COG) shares are trading at lower $18.14 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $21.76.

To add more color to this target, the company’s high over the last year is $22.67 and the low is $13.06. Over the last 52 weeks, COG is down -19.98% while the S&P 500 is down -0.36%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, COG reported a profit of $86.4 million. Cabot Oil & Gas Corporation also saw revenues increase to $386.46 million. In addition, COG has free cash flow of $56.2 million as of 03-2020. The company’s EBITDA came in at $187.29 million which compares well with its peers.

COG booked profit margins of 26.10%, its Return on Equity (ROE) is 21.30%, and its Return on Assets is 10.50%. All told, it is clear that, COG needs to be on your watchlist.

Find out when COG reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. COG has a short ratio of 2.50 and outstanding shares of 398.34M.

Company Outlook

COG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.4 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.14. Cabot Oil & Gas Corporation COG also noted assets of $4.52 billion at the end of the last quarter. Investors should also keep an eye on sector updates as COG has historically followed its peers on positive news.

All told, Cabot Oil & Gas Corporation COG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, COG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Cabot Oil & Gas Corporation COG is now commanding a market cap of 7.29B and a float of 390.56M. COG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of COG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in COG, either long or short, and we have not been compensated for this article.

Latest article

Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) Finding Zero Support

Regeneron Pharmaceuticals Inc. (REGN) shares are trading at lower $559.78 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Renewed Optimism is Surrounding Pebblebrook Hotel Trust (NYSE:PEB)

Pebblebrook Hotel Trust (PEB) shares are trading at higher $12.53 and the avg recommendation for the stock is Hold, while the current analyst price...

Wayfair Inc. (NYSE:W) is Waving the Bear Flag

Wayfair Inc. (W) shares are trading at lower $291.01 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

The Forecast Just Changed on Corsair Gaming Inc. (NASDAQ:CRSR)

Corsair Gaming Inc. (CRSR) shares are trading at higher $20.10. To add more color to this target, the company’s high over the last year...

Sealed Air Corporation (NYSE:SEE) on the Path to Profitability

Sealed Air Corporation (SEE) shares are trading at higher $38.81 and the avg recommendation for the stock is Moderate Buy, while the current analyst...