NYSE:COG

Stock Analysis Report

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Executive Summary

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets oil and gas properties in the United States. More Details


Snowflake Analysis

Established dividend payer with reasonable growth potential.


Similar Companies

Share Price & News

How has Cabot Oil & Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: COG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.4%

COG

-2.0%

US Oil and Gas

-1.3%

US Market


1 Year Return

4.1%

COG

-46.7%

US Oil and Gas

18.5%

US Market

Return vs Industry: COG exceeded the US Oil and Gas industry which returned -46.7% over the past year.

Return vs Market: COG underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

COGIndustryMarket
7 Day0.4%-2.0%-1.3%
30 Day-0.9%-4.9%5.3%
90 Day0.4%-17.2%7.5%
1 Year6.4%4.1%-43.4%-46.7%21.3%18.5%
3 Year-17.4%-21.1%-45.9%-53.0%42.4%32.9%
5 Year-6.7%-11.7%-42.3%-53.5%84.2%63.5%

Price Volatility Vs. Market

How volatile is Cabot Oil & Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cabot Oil & Gas undervalued compared to its fair value and its price relative to the market?

48.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COG ($19.27) is trading below our estimate of fair value ($37.61)

Significantly Below Fair Value: COG is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: COG is poor value based on its PE Ratio (24.2x) compared to the US Oil and Gas industry average (7.6x).

PE vs Market: COG is poor value based on its PE Ratio (24.2x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: COG is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: COG is overvalued based on its PB Ratio (3.5x) compared to the US Oil and Gas industry average (0.8x).


Next Steps

Future Growth

How is Cabot Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

28.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COG's forecast earnings growth (28.7% per year) is above the savings rate (2.2%).

Earnings vs Market: COG's earnings (28.7% per year) are forecast to grow faster than the US market (22.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: COG's revenue (13.9% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: COG's revenue (13.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: COG's Return on Equity is forecast to be low in 3 years time (18.8%).


Next Steps

Past Performance

How has Cabot Oil & Gas performed over the past 5 years?

63.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COG has high quality earnings.

Growing Profit Margin: COG's current net profit margins (20.9%) are lower than last year (36.2%).


Past Earnings Growth Analysis

Earnings Trend: COG has become profitable over the past 5 years, growing earnings by 63.7% per year.

Accelerating Growth: COG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: COG had negative earnings growth (-61.8%) over the past year, making it difficult to compare to the Oil and Gas industry average (-38%).


Return on Equity

High ROE: COG's Return on Equity (14.8%) is considered low.


Next Steps

Financial Health

How is Cabot Oil & Gas's financial position?


Financial Position Analysis

Short Term Liabilities: COG's short term assets ($463.9M) exceed its short term liabilities ($381.4M).

Long Term Liabilities: COG's short term assets ($463.9M) do not cover its long term liabilities ($2.0B).


Debt to Equity History and Analysis

Debt Level: COG's debt to equity ratio (56.3%) is considered high.

Reducing Debt: COG's debt to equity ratio has reduced from 93% to 56.3% over the past 5 years.

Debt Coverage: COG's debt is well covered by operating cash flow (71.7%).

Interest Coverage: COG's interest payments on its debt are well covered by EBIT (7.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Cabot Oil & Gas's current dividend yield, its reliability and sustainability?

2.08%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COG's dividend (2.08%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: COG's dividend (2.08%) is low compared to the top 25% of dividend payers in the US market (4.68%).


Stability and Growth of Payments

Stable Dividend: COG's dividends per share have been stable in the past 10 years.

Growing Dividend: COG's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (48.9%), COG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: COG's dividends in 3 years are forecast to be well covered by earnings (21% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Dan Dinges (66 yo)

18.42yrs

Tenure

US$13,830,926

Compensation

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 he ...


CEO Compensation Analysis

Compensation vs Market: Dan's total compensation ($USD13.83M) is above average for companies of similar size in the US market ($USD7.32M).

Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Dan Dinges
Chairman18.42yrsUS$13.83m1.05%
$ 80.6m
Scott Schroeder
Executive VP & CFO23.75yrsUS$6.52m0.39%
$ 29.6m
Phillip Stalnaker
Senior Vice President of Operations1.25yrsUS$2.43m0.075%
$ 5.8m
Jeffrey Hutton
Senior Vice President of Marketing6.75yrsUS$2.46m0.083%
$ 6.3m
Steven Lindeman
Senior Vice President of EHS & Engineeringno dataUS$2.45m0.053%
$ 4.0m
Todd Roemer
VP & Chief Accounting Officerno datano data0.014%
$ 1.1m
Charles Dyson
Vice President of Information Services2.67yrsno datano data
Deidre Shearer
VP of Administration & Corporate Secretary1.25yrsno data0.014%
$ 1.1m
George Cunningham
VP & General Counsel10.08yrsUS$1.36m0.022%
$ 1.7m
Todd Liebl
Senior Vice President of Land & Business Developmentno datano data0.031%
$ 2.4m
Matthew Kerin
VP of Finance & Treasurer6.08yrsno data0.010%
$ 775.0k

6.4yrs

Average Tenure

59yo

Average Age

Experienced Management: COG's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dan Dinges
Chairman18.42yrsUS$13.83m1.05%
$ 80.6m
W. Ralls
Independent Director9.75yrsUS$352.92kno data
Rhys Best
Independent Director12.25yrsUS$368.28k0.0056%
$ 434.0k
Robert Boswell
Independent Director4.83yrsUS$336.08k0.0013%
$ 96.0k
Amanda Brock
Independent Director3.17yrsUS$313.69kno data
Robert Kelley
Independent Lead Director5.67yrsUS$413.47k0.18%
$ 13.9m
Marcus Watts
Independent Director3.17yrsUS$313.68kno data
Peter Delaney
Independent Director2.17yrsUS$309.46k0.011%
$ 839.5k
Dorothy Ables
Independent Director4.83yrsUS$336.30k0.0013%
$ 96.0k

4.8yrs

Average Tenure

66yo

Average Age

Experienced Board: COG's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: COG insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cabot Oil & Gas Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cabot Oil & Gas Corporation
  • Ticker: COG
  • Exchange: NYSE
  • Founded: 1989
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: US$7.681b
  • Shares outstanding: 398.58m
  • Website: https://www.cabotog.com

Number of Employees


Location

  • Cabot Oil & Gas Corporation
  • Three Memorial City Plaza
  • Suite 1400
  • Houston
  • Texas
  • 77024
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COGNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1990
XCQDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1990
COG *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 1990
0HRZLSE (London Stock Exchange)YesCommon StockGBUSDFeb 1990
C1OG34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1 COMBRBRLDec 2019

Biography

Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets oil and gas properties in the United States. It primarily focuses on the Marcellus S ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 00:15
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.