Cabot Oil & Gas
Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. The last earnings update was 81 days ago. More info.
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COG Share Price and Events
7 Day Returns
1 Year Returns
COG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Cabot Oil & Gas (COG) | -2.8% | -2.2% | -14% | -1.7% | -6.8% | -29.5% |
| US Oil and Gas | 0.7% | 5% | -6.1% | -15.6% | -5.7% | -36.6% |
| US Market | 1.1% | 4.3% | 2.9% | 4.7% | 37.7% | 43.6% |
1 Year Return vs Industry and Market
- COG outperformed the Oil and Gas industry which returned -15.6% over the past year.
- COG underperformed the Market in United States of America which returned 4.7% over the past year.
COG Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Cabot Oil & Gas
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Cabot Oil & Gas.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 17 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.93 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.926 (1 + (1- 21%) (12.82%)) |
1.013 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.01 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.013 * 5.96%) |
8.77% |
Discounted Cash Flow Calculation for NYSE:COG using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Cabot Oil & Gas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.77%) |
|
|---|---|---|---|
| 2020 | 578.76 | Analyst x11 | 532.10 |
| 2021 | 587.55 | Analyst x4 | 496.62 |
| 2022 | 921.40 | Analyst x1 | 716.01 |
| 2023 | 934.60 | Analyst x1 | 667.71 |
| 2024 | 951.57 | Est @ 1.82% | 625.02 |
| 2025 | 971.45 | Est @ 2.09% | 586.63 |
| 2026 | 993.62 | Est @ 2.28% | 551.64 |
| 2027 | 1,017.63 | Est @ 2.42% | 519.41 |
| 2028 | 1,043.17 | Est @ 2.51% | 489.52 |
| 2029 | 1,070.05 | Est @ 2.58% | 461.65 |
| Present value of next 10 years cash flows | $5,646.30 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $1,070.05 × (1 + 2.73%) ÷ (8.77% – 2.73%) |
$18,199.42 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $18,199.42 ÷ (1 + 8.77%)10 |
$7,851.68 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $5,646.30 + $7,851.68 |
$13,497.99 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $13,497.99 / 423.29 |
$31.89 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $31.89 |
| Current discount | Discount to share price of
$23.25
= -1 x ($23.25 - $31.89) / $31.89 |
27.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Cabot Oil & Gas's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Cabot Oil & Gas's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Cabot Oil & Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Cabot Oil & Gas's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.61 |
| NYSE:COG Share Price ** | NYSE (2019-07-16) in USD | $23.25 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 101 Publicly-Listed Oil and Gas Companies | 13.07x |
| United States of America Market PE Ratio | Median Figure of 3,084 Publicly-Listed Companies | 17.98x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Cabot Oil & Gas.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:COG Share Price ÷ EPS (both in USD) = 23.25 ÷ 1.61 |
14.44x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cabot Oil & Gas is overvalued based on earnings compared to the US Oil and Gas industry average.
- Cabot Oil & Gas is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Cabot Oil & Gas's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.44x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts |
7.9%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 79 Publicly-Listed Oil and Gas Companies | 0.43x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.58x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.44x ÷ 7.9% |
1.82x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cabot Oil & Gas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Cabot Oil & Gas's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $5.48 |
| NYSE:COG Share Price * | NYSE (2019-07-16) in USD | $23.25 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 196 Publicly-Listed Oil and Gas Companies | 1.07x |
| United States of America Market PB Ratio | Median Figure of 5,240 Publicly-Listed Companies | 1.81x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:COG Share Price ÷ Book Value per Share (both in USD) = 23.25 ÷ 5.48 |
4.24x |
* Primary Listing of Cabot Oil & Gas.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cabot Oil & Gas is overvalued based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Cabot Oil & Gas's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Cabot Oil & Gas has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
COG Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Cabot Oil & Gas's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Cabot Oil & Gas's earnings growth is positive but not above the United States of America market average.
- Cabot Oil & Gas's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:COG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts | 7.9% |
| NYSE:COG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts | 4.4% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 12.9% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 2,758 | 1,689 | 1,036 | 3 |
| 2022-12-31 | 2,608 | 1,572 | 968 | 3 |
| 2021-12-31 | 2,415 | 1,537 | 822 | 6 |
| 2020-12-31 | 2,344 | 1,389 | 747 | 11 |
| 2019-12-31 | 2,276 | 1,488 | 745 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 2,309 | 1,417 | 703 |
| 2018-12-31 | 2,144 | 1,105 | 557 |
| 2018-09-30 | 1,903 | 968 | 238 |
| 2018-06-30 | 1,741 | 915 | 133 |
| 2018-03-31 | 1,730 | 902 | 112 |
| 2017-12-31 | 1,747 | 898 | 100 |
| 2017-09-30 | 1,672 | 859 | -148 |
| 2017-06-30 | 1,589 | 775 | -176 |
| 2017-03-31 | 1,416 | 600 | -260 |
| 2016-12-31 | 1,195 | 397 | -417 |
| 2016-09-30 | 1,109 | 413 | -235 |
| 2016-06-30 | 1,094 | 454 | -241 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
All data from Cabot Oil & Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 2.41 | 2.41 | 2.41 | 1.00 |
| 2022-12-31 | 2.27 | 2.27 | 2.27 | 1.00 |
| 2021-12-31 | 1.92 | 2.06 | 1.75 | 3.00 |
| 2020-12-31 | 1.75 | 2.08 | 1.28 | 10.00 |
| 2019-12-31 | 1.77 | 1.93 | 1.57 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.61 |
| 2018-12-31 | 1.25 |
| 2018-09-30 | 0.52 |
| 2018-06-30 | 0.29 |
| 2018-03-31 | 0.24 |
| 2017-12-31 | 0.22 |
| 2017-09-30 | -0.32 |
| 2017-06-30 | -0.38 |
| 2017-03-31 | -0.56 |
| 2016-12-31 | -0.91 |
| 2016-09-30 | -0.53 |
| 2016-06-30 | -0.56 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Cabot Oil & Gas's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Cabot Oil & Gas has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
COG Past Performance
How has Cabot Oil & Gas performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Cabot Oil & Gas's year on year earnings growth rate has been positive over the past 5 years.
- Cabot Oil & Gas's 1-year earnings growth exceeds its 5-year average (527.8% vs 11.3%)
- Cabot Oil & Gas's earnings growth has exceeded the US Oil and Gas industry average in the past year (527.8% vs 29.5%).
Earnings and Revenue History
All data from Cabot Oil & Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 2,309.49 | 702.58 | 219.92 | |
| 2018-12-31 | 2,143.72 | 557.04 | 210.46 | |
| 2018-09-30 | 1,903.41 | 237.56 | 162.77 | |
| 2018-06-30 | 1,740.95 | 132.81 | 161.70 | |
| 2018-03-31 | 1,730.48 | 111.90 | 113.89 | |
| 2017-12-31 | 1,747.29 | 100.39 | 116.11 | |
| 2017-09-30 | 1,671.52 | -147.93 | 120.52 | |
| 2017-06-30 | 1,588.79 | -175.77 | 113.17 | |
| 2017-03-31 | 1,416.14 | -260.21 | 108.94 | |
| 2016-12-31 | 1,194.63 | -417.12 | 113.30 | |
| 2016-09-30 | 1,109.25 | -235.49 | 104.63 | |
| 2016-06-30 | 1,093.65 | -240.74 | 98.31 | |
| 2016-03-31 | 1,132.77 | -205.34 | 99.90 | |
| 2015-12-31 | 1,300.46 | -113.89 | 95.46 | |
| 2015-09-30 | 1,499.95 | -224.54 | 102.60 | |
| 2015-06-30 | 1,652.13 | -108.24 | 114.96 | |
| 2015-03-31 | 1,874.53 | 37.69 | 114.49 | |
| 2014-12-31 | 1,953.69 | 104.47 | 111.34 | |
| 2014-09-30 | 1,972.89 | 404.19 | 109.62 | |
| 2014-06-30 | 1,968.63 | 373.29 | 109.82 | |
| 2014-03-31 | 1,882.80 | 343.98 | 111.15 | |
| 2013-12-31 | 1,746.28 | 279.77 | 122.77 | |
| 2013-09-30 | 1,628.69 | 242.69 | 130.37 | |
| 2013-06-30 | 1,489.72 | 209.41 | 134.91 | |
| 2013-03-31 | 1,305.70 | 156.24 | 171.89 | |
| 2012-12-31 | 1,205.04 | 131.73 | 158.72 | |
| 2012-09-30 | 1,102.69 | 117.23 | 154.57 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Cabot Oil & Gas has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Cabot Oil & Gas used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- Cabot Oil & Gas has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess Cabot Oil & Gas's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Cabot Oil & Gas has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
COG Health
How is Cabot Oil & Gas's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Cabot Oil & Gas's finances.
The net worth of a company is the difference between its assets and liabilities.
- Cabot Oil & Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Cabot Oil & Gas's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Cabot Oil & Gas Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,320.94 | 1,219.34 | 314.89 |
| 2018-12-31 | 2,088.16 | 1,226.10 | 2.29 |
| 2018-09-30 | 2,094.15 | 1,285.85 | 316.08 |
| 2018-06-30 | 2,154.17 | 1,522.57 | 740.99 |
| 2018-03-31 | 2,406.52 | 1,522.23 | 964.93 |
| 2017-12-31 | 2,523.91 | 1,521.89 | 480.05 |
| 2017-09-30 | 2,644.59 | 1,521.55 | 510.26 |
| 2017-06-30 | 2,642.03 | 1,521.21 | 516.53 |
| 2017-03-31 | 2,707.18 | 1,520.87 | 537.49 |
| 2016-12-31 | 2,567.67 | 1,520.53 | 498.54 |
| 2016-09-30 | 2,863.25 | 1,520.19 | 501.19 |
| 2016-06-30 | 2,877.60 | 1,539.85 | 517.49 |
| 2016-03-31 | 2,944.06 | 1,603.19 | 579.32 |
| 2015-12-31 | 2,009.19 | 2,016.14 | 0.51 |
| 2015-09-30 | 2,121.74 | 2,037.00 | 8.77 |
| 2015-06-30 | 2,145.92 | 1,995.00 | 15.23 |
| 2015-03-31 | 2,175.53 | 1,877.00 | 13.95 |
| 2014-12-31 | 2,142.73 | 1,752.00 | 20.95 |
| 2014-09-30 | 2,366.47 | 1,612.00 | 309.99 |
| 2014-06-30 | 2,401.94 | 1,193.00 | 45.61 |
| 2014-03-31 | 2,268.79 | 1,222.00 | 25.43 |
| 2013-12-31 | 2,204.60 | 1,147.00 | 23.40 |
| 2013-09-30 | 2,328.73 | 1,162.00 | 27.93 |
| 2013-06-30 | 2,286.24 | 1,142.00 | 47.28 |
| 2013-03-31 | 2,123.21 | 1,127.00 | 20.46 |
| 2012-12-31 | 2,131.45 | 1,087.00 | 30.74 |
| 2012-09-30 | 2,100.29 | 1,062.00 | 37.50 |
- Cabot Oil & Gas's level of debt (52.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (53.8% vs 52.5% today).
- Debt is well covered by operating cash flow (116.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 14.1x coverage).
Financial health checks
We assess Cabot Oil & Gas's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Cabot Oil & Gas has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
COG Dividends
What is Cabot Oil & Gas's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Cabot Oil & Gas
shares you are expected to receive
$31
in your first year as a dividend.
Dividend Amount
- Cabot Oil & Gas's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
- Cabot Oil & Gas's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 17 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 67 Stocks | 3.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.43 | 6.00 |
| 2020-12-31 | 0.36 | 9.00 |
| 2019-12-31 | 0.32 | 10.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-26 | 0.360 | 1.458 |
| 2019-01-14 | 0.280 | 1.095 |
| 2018-10-26 | 0.280 | 1.150 |
| 2018-07-26 | 0.240 | 1.036 |
| 2018-05-02 | 0.240 | 1.025 |
| 2018-04-27 | 0.240 | 1.007 |
| 2017-10-25 | 0.200 | 0.768 |
| 2017-07-27 | 0.200 | 0.782 |
| 2017-05-03 | 0.200 | 0.842 |
| 2017-01-06 | 0.080 | 0.347 |
| 2016-10-27 | 0.080 | 0.360 |
| 2016-07-27 | 0.080 | 0.329 |
| 2016-05-04 | 0.080 | 0.325 |
| 2016-01-05 | 0.080 | 0.386 |
| 2015-10-21 | 0.080 | 0.423 |
| 2015-07-22 | 0.080 | 0.334 |
| 2015-04-23 | 0.080 | 0.244 |
| 2015-01-06 | 0.080 | 0.276 |
| 2014-10-22 | 0.080 | 0.254 |
| 2014-07-22 | 0.080 | 0.246 |
| 2014-05-01 | 0.080 | 0.225 |
| 2014-01-02 | 0.080 | 0.220 |
| 2013-10-24 | 0.080 | 0.225 |
| 2013-07-24 | 0.080 | 0.213 |
| 2013-05-02 | 0.040 | 0.114 |
| 2013-01-16 | 0.040 | 0.131 |
| 2012-10-24 | 0.040 | 0.166 |
| 2012-07-19 | 0.040 | 0.186 |
| 2012-05-01 | 0.040 | 0.223 |
| 2012-01-04 | 0.040 | 0.241 |
| 2011-10-28 | 0.030 | 0.150 |
| 2011-07-29 | 0.030 | 0.174 |
| 2011-05-03 | 0.030 | 0.199 |
| 2011-01-13 | 0.030 | 0.261 |
| 2010-10-28 | 0.030 | 0.340 |
| 2010-07-22 | 0.030 | 0.402 |
| 2010-04-28 | 0.030 | 0.355 |
| 2010-01-14 | 0.030 | 0.302 |
| 2009-10-26 | 0.030 | 0.293 |
| 2009-07-23 | 0.030 | 0.329 |
| 2009-04-28 | 0.030 | 0.371 |
| 2009-01-26 | 0.030 | 0.481 |
| 2008-10-29 | 0.030 | 0.458 |
| 2008-07-24 | 0.030 | 0.343 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Cabot Oil & Gas's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (6.2x coverage).
- Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).
Income/ dividend checks
We assess Cabot Oil & Gas's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Cabot Oil & Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Cabot Oil & Gas has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
COG Management
CEO
| COMPENSATION | $13,050,320 |
| AGE | 65 |
| TENURE AS CEO | 17.2 years |
CEO Bio
Mr. Dan O. Dinges has been Chairman, Chief Executive Officer and President of Cabot Oil & Gas Corporation since May 2002. Mr. Dinges has a valuable experience in managing the issues that face a publicly held company. He has knowledge and insight into the steel industry. Mr. Dinges served as a Chief Operating Officer of Cabot Oil & Gas Corporation from September 2001 to May 2002. Mr. Dinges served as the President and Chief Operating Officer of Samedan Oil Corporation, a subsidiary of Noble Affiliates Inc. (now, Noble Energy Inc.) from September 2001 to May 2002; Senior Vice President and Division General Manager, Offshore Division from 1998 to September 2001; Vice President and Division General Manager, Offshore Division from 1989 to 1998; Division General Manager, Offshore Division from 1986 to 1989 and Division Landman, Offshore Division from 1981 to 1986. He held various management positions with Samedan Oil Corporation from 1981 to 2001. He served as a Land Supervisor of Mobil Oil Corporation from 1978 to 1981. He has been a Director of United States Steel Corp. since 2010. He has been a Director of Cabot Oil & Gas Corp. since September 2001. Mr. Dinges serves on the Board of Directors of Spitzer Industries, Inc. He served as a Director of Lone Star Technologies, Inc. since August 2005. He is a Director of Domestic Petroleum Council Boy Scouts of America - Sam Houston Area Council. He is a Director of the American Natural Gas Alliance, American Exploration & Production Council, Foundation for Energy Education and Palmer Drug Abuse Program. Mr. Dinges holds a BBA Degree in Petroleum Land Management from The University of Texas.
CEO Compensation
- Dan's compensation has been consistent with company performance over the past year, both up more than 20%.
- Dan's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Cabot Oil & Gas management team in years:
- The average tenure for the Cabot Oil & Gas management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Dan Dinges
Chairman
$13M
65
17.2 yrs
Scott Schroeder
Executive VP & CFO
$6M
56
22.5 yrs
Jeffrey Hutton
Senior Vice President of Marketing
$2M
63
5.5 yrs
Phil Stalnaker
Senior Vice President of North Region
$2M
59
Steven Lindeman
Senior Vice President of South Region & Engineering
$2M
58
Todd Roemer
VP, Controller & Principal Accounting Officer
48
Chip Dyson
Vice President of Information Services
47
1.4 yrs
George Cunningham
VP & General Counsel
$1M
65
8.8 yrs
Todd Liebl
Senior Vice President of Land & Business Development
61
Deidre Shearer
VP & Corporate Secretary
51
7.4 yrs
Board of Directors Tenure
Average tenure and age of the Cabot Oil & Gas board of directors in years:
- The tenure for the Cabot Oil & Gas board of directors is about average.
Board of Directors
Bob Kelley
Lead Director
$400K
73
4.4 yrs
Dan Dinges
Chairman
$13M
65
17.2 yrs
Rhys Best
Independent Director
$352K
73
11 yrs
Matt Ralls
Independent Director
$339K
70
8.5 yrs
Dorothy Ables
Independent Director
$313K
61
3.6 yrs
Bob Boswell
Independent Director
$326K
70
3.6 yrs
Marc Watts
Independent Director
$308K
60
1.9 yrs
Mandy Brock
Independent Director
$308K
58
1.9 yrs
Pete Delaney
Independent Director
$84K
65
0.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 26. Mar 19 | Sell | Jeffrey Hutton | Individual | 22. Mar 19 | 22. Mar 19 | -150,720 | $26.38 | $-3,935,877 | ||
| 02. Jan 19 | Buy | Peter Delaney | Individual | 28. Dec 18 | 28. Dec 18 | 54 | $23.00 | $1,242 | ||
Management checks
We assess Cabot Oil & Gas's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Cabot Oil & Gas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
COG News
Simply Wall St News
Is Cabot Oil & Gas Corporation's (NYSE:COG) CEO Being Overpaid?
Our data indicates that Cabot Oil & Gas Corporation is worth US$10b, and total annual CEO compensation is US$13m. … NYSE:COG CEO Compensation, July 9th 2019 Is Cabot Oil & Gas Corporation Growing? … Since shareholders would have lost about 4.5% over three years, some Cabot Oil & Gas Corporation shareholders would surely be feeling negative emotions.
Simply Wall St - – Full articleShould You Be Excited About Cabot Oil & Gas Corporation's (NYSE:COG) 30% Return On Equity?
The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Cabot Oil & Gas: 30% = US$703m ÷ US$2.3b (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. … Careful use of debt to boost returns is often very good for shareholders.
Simply Wall St - – Full articleAre Investors Undervaluing Cabot Oil & Gas Corporation (NYSE:COG) By 22%?
Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the foreast future cash flows of the company and discounting them back to today's value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $710.46 $606.88 $627.78 $921.40 $934.60 $951.57 $971.45 $993.62 $1.02k $1.04k Growth Rate Estimate Source Analyst x12 Analyst x10 Analyst x4 Analyst x1 Analyst x1 Est @ 1.82% Est @ 2.09% Est @ 2.28% Est @ 2.42% Est @ 2.51% Present Value ($, Millions) Discounted @ 8.54% $654.55 $515.12 $490.92 $663.82 $620.34 $581.90 $547.30 $515.74 $486.63 $459.59 Present Value of 10-year Cash Flow (PVCF)= $5.54b "Est" = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$1.0b × (1 + 2.7%) ÷ (8.5% – 2.7%) = US$18b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$18b ÷ ( 1 + 8.5%)10 = $8.12b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is $13.66b.
Simply Wall St - – Full articleHave Insiders Been Selling Cabot Oil & Gas Corporation (NYSE:COG) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Cabot Oil & Gas Corporation (NYSE:COG). … See our latest analysis for Cabot Oil & Gas The Last 12 Months Of Insider Transactions At Cabot Oil & Gas The Senior Vice President of Marketing, Jeffrey Hutton, made the biggest insider sale in the last 12 months. … While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company.
Simply Wall St - – Full articleIf You Like EPS Growth Then Check Out Cabot Oil & Gas (NYSE:COG) Before It's Too Late
But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' So if you're like me, you might be more interested in profitable, growing companies, like Cabot Oil & Gas (NYSE:COG). … See our latest analysis for Cabot Oil & Gas How Fast Is Cabot Oil & Gas Growing Its Earnings Per Share? … Cabot Oil & Gas's earnings per share have taken off like a rocket aimed right at the moon.
Simply Wall St - – Full articleVolatility 101: Should Cabot Oil & Gas (NYSE:COG) Shares Have Dropped 33%?
During five years of share price growth, Cabot Oil & Gas moved from a loss to profitability. … In contrast to the share price, revenue has actually increased by 1.8% a year in the five year period. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.
Simply Wall St - – Full articleWhat Should You Know About Cabot Oil & Gas Corporation's (NYSE:COG) Long Term Outlook?
In December 2018, Cabot Oil & Gas Corporation (NYSE:COG) released its most recent earnings announcement, whicha … indicated
Simply Wall St - – Full articleHere's What Cabot Oil & Gas Corporation's (NYSE:COG) ROCE Can Tell Us
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleWhy Cabot Oil & Gas Corporation (NYSE:COG) Is An Attractive Investment To Consider
Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Cabot Oil & Gas Corporation (NYSE:COG) due to its excellent fundamentals in more than one area.
Simply Wall St - – Full articleWhat Should Investors Know About The Future Of Cabot Oil & Gas Corporation's (NYSE:COG)?
Looking at Cabot Oil & Gas Corporation's (NYSE:COG) earnings update on 31 December 2018, … with earnings expected to grow by 42% in the upcoming year … the past 5-year average growth rate of -9.3%.
Simply Wall St - – Full articleCOG Company Info
Description
Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily focuses on the Marcellus Shale with approximately 174,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. The company sells its natural gas to industrial customers, local distribution companies, gas marketers, and power generation facilities through gathering systems and pipelines. As of December 31, 2018, it had proved reserves of approximately 11.6 trillion cubic feet equivalent. The company was incorporated in 1989 and is headquartered in Houston, Texas.
Details
| Name: | Cabot Oil & Gas Corporation |
| COG | |
| Exchange: | NYSE |
| Founded: | 1989 |
| $9,841,406,870 | |
| 423,286,317 | |
| Website: | http://www.cabotog.com |
| Address: |
Cabot Oil & Gas Corporation Three Memorial City Plaza, Suite 1400, Houston, Texas, 77024, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | COG | Common Stock | New York Stock Exchange | US | USD | 08. Feb 1990 | |
| DB | XCQ | Common Stock | Deutsche Boerse AG | DE | EUR | 08. Feb 1990 | |
| LSE | 0HRZ | Common Stock | London Stock Exchange | GB | USD | 08. Feb 1990 | |
| BMV | COG * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 08. Feb 1990 |
Number of employees
Current staff
Industry
| Oil and Gas Exploration and Production | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/16 23:34 |
| End of day share price update: | 2019/07/16 00:00 |
| Last estimates confirmation: | 2019/07/15 |
| Last earnings filing: | 2019/04/26 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
