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Cabot Oil & Gas

NYSE:COG
Snowflake Description

Outstanding track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COG
NYSE
$10B
Market Cap
  1. Home
  2. US
  3. Energy
Company 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. The last earnings update was 81 days ago. More info.


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COG Share Price and Events
7 Day Returns
-2.8%
NYSE:COG
0.7%
US Oil and Gas
1.1%
US Market
1 Year Returns
-1.7%
NYSE:COG
-15.6%
US Oil and Gas
4.7%
US Market
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.
Price Volatility
COG
Industry
5yr Volatility vs Market

COG Value

 Is Cabot Oil & Gas undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cabot Oil & Gas.

NYSE:COG Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:COG
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.

NYSE:COG DCF 1st Stage: Next 10 year cash flow forecast
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
NYSE:COG DCF 2nd Stage: Terminal Value
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
NYSE:COG Total Equity Value
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
NYSE:COG Discount to Share Price
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
Amount off the current price Cabot Oil & Gas is available for.
Intrinsic value
27%
Share price is $23.25 vs Future cash flow value of $31.89
Current Discount Checks
For Cabot Oil & Gas to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NYSE:COG PE (Price to Earnings) Ratio Data Sources
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.

NYSE:COG PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NYSE:COG PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

NYSE:COG PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
NYSE:COG PB (Price to Book) Ratio Data Sources
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
NYSE:COG PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Cabot Oil & Gas's value by looking at:
  1. 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. )
  2. 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)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. 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

 How is Cabot Oil & Gas expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

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!
Annual Growth Rate
7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cabot Oil & Gas expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:COG Future Growth Rates Data Sources
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
Raw Data
NYSE:COG Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:COG Future Estimates Data
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
NYSE:COG Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Cabot Oil & Gas's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
  • Cabot Oil & Gas's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:COG 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.

NYSE:COG Future Estimates Data
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
NYSE:COG Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cabot Oil & Gas is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Cabot Oil & Gas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Cabot Oil & Gas's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Cabot Oil & Gas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cabot Oil & Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:COG Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Cabot Oil & Gas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Cabot Oil & Gas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Cabot Oil & Gas Company Filings, last reported 3 months ago.

NYSE:COG Past Debt and Equity Data
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).
X
Financial health checks
We assess Cabot Oil & Gas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cabot Oil & Gas has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
1.55%
Current annual income from Cabot Oil & Gas dividends. Estimated to be 1.56% next year.
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
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NYSE:COG Annualized Past and Future Dividends
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.

NYSE:COG Future Dividends Estimate Data
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
NYSE:COG Past Annualized Dividends Data
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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.2x coverage).
X
Income/ dividend checks
We assess Cabot Oil & Gas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Cabot Oil & Gas's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dan Dinges
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:

8.1
Average Tenure
58.5
Average Age
  • 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

TITLE
Chairman
COMPENSATION
$13M
AGE
65
TENURE
17.2 yrs

Scott Schroeder

TITLE
Executive VP & CFO
COMPENSATION
$6M
AGE
56
TENURE
22.5 yrs

Jeffrey Hutton

TITLE
Senior Vice President of Marketing
COMPENSATION
$2M
AGE
63
TENURE
5.5 yrs

Phil Stalnaker

TITLE
Senior Vice President of North Region
COMPENSATION
$2M
AGE
59

Steven Lindeman

TITLE
Senior Vice President of South Region & Engineering
COMPENSATION
$2M
AGE
58

Todd Roemer

TITLE
VP, Controller & Principal Accounting Officer
AGE
48

Chip Dyson

TITLE
Vice President of Information Services
AGE
47
TENURE
1.4 yrs

George Cunningham

TITLE
VP & General Counsel
COMPENSATION
$1M
AGE
65
TENURE
8.8 yrs

Todd Liebl

TITLE
Senior Vice President of Land & Business Development
AGE
61

Deidre Shearer

TITLE
VP & Corporate Secretary
AGE
51
TENURE
7.4 yrs
Board of Directors Tenure

Average tenure and age of the Cabot Oil & Gas board of directors in years:

3.6
Average Tenure
65
Average Age
  • The tenure for the Cabot Oil & Gas board of directors is about average.
Board of Directors

Bob Kelley

TITLE
Lead Director
COMPENSATION
$400K
AGE
73
TENURE
4.4 yrs

Dan Dinges

TITLE
Chairman
COMPENSATION
$13M
AGE
65
TENURE
17.2 yrs

Rhys Best

TITLE
Independent Director
COMPENSATION
$352K
AGE
73
TENURE
11 yrs

Matt Ralls

TITLE
Independent Director
COMPENSATION
$339K
AGE
70
TENURE
8.5 yrs

Dorothy Ables

TITLE
Independent Director
COMPENSATION
$313K
AGE
61
TENURE
3.6 yrs

Bob Boswell

TITLE
Independent Director
COMPENSATION
$326K
AGE
70
TENURE
3.6 yrs

Marc Watts

TITLE
Independent Director
COMPENSATION
$308K
AGE
60
TENURE
1.9 yrs

Mandy Brock

TITLE
Independent Director
COMPENSATION
$308K
AGE
58
TENURE
1.9 yrs

Pete Delaney

TITLE
Independent Director
COMPENSATION
$84K
AGE
65
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess Cabot Oil & Gas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 &amp; Gas Corporation is worth US$10b, and total annual CEO compensation is US$13m. … NYSE:COG CEO Compensation, July 9th 2019 Is Cabot Oil &amp; Gas Corporation Growing? … Since shareholders would have lost about 4.5% over three years, some Cabot Oil &amp; Gas Corporation shareholders would surely be feeling negative emotions.

Simply Wall St -

Should 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 &amp; 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 -

Are 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 -

Have 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 &amp; Gas Corporation (NYSE:COG). … See our latest analysis for Cabot Oil &amp; Gas The Last 12 Months Of Insider Transactions At Cabot Oil &amp; 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 -

If 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 &amp; Gas (NYSE:COG). … See our latest analysis for Cabot Oil &amp; Gas How Fast Is Cabot Oil &amp; Gas Growing Its Earnings Per Share? … Cabot Oil &amp; Gas's earnings per share have taken off like a rocket aimed right at the moon.

Simply Wall St -

Volatility 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 -

What 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 -

Here'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 -

Why 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 -

What 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 -

COG 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
Staff numbers
483
Cabot Oil & Gas employees.
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.