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Wednesday, January 20, 2021

Cabot Oil & Gas Corporation (NYSE:COG) on the Path to Ruin

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Cabot Oil & Gas Corporation (COG) shares are trading at lower $15.92 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $22.30.

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 -1.12% while the S&P 500 is up 17.73%. 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 7.53 million. Cabot Oil & Gas Corporation also saw revenues decrease to $291.04 million. In addition, COG has free cash flow of -$8.03 million as of 09-2020. The company’s EBITDA came in at $92.85 million which compares well with its peers.

COG booked profit margins of 14.70%, its Return on Equity (ROE) is 10.10%, and its Return on Assets is 4.80%. All told, it is clear that, COG needs to be on your watchlist.

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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 3.41 and outstanding shares of 398.58M.

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 4.76 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.53. Cabot Oil & Gas Corporation COG also noted assets of $4.42 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 6.35B 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.

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