NYSE:COG

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Solid track record established dividend payer.


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


Market Performance


7 Day Return

2.2%

COG

-0.2%

US Oil and Gas

1.8%

US Market


1 Year Return

-24.1%

COG

-21.5%

US Oil and Gas

7.3%

US Market

Return vs Industry: COG underperformed the US Oil and Gas industry which returned -21.5% over the past year.

Return vs Market: COG underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

COGIndustryMarket
7 Day2.2%-0.2%1.8%
30 Day-2.5%-6.4%-0.7%
90 Day-19.8%-8.5%0.06%
1 Year-23.0%-24.1%-18.6%-21.5%9.7%7.3%
3 Year-16.5%-18.9%-8.1%-16.3%46.3%36.9%
5 Year-41.0%-43.1%-24.9%-35.3%64.5%46.5%

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?

35.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: COG ($17.9) is trading below our estimate of fair value ($27.81)

Significantly Undervalued: COG is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: COG is good value based on its PE Ratio (9.1x) compared to the Oil and Gas industry average (9.8x).

PE vs Market: COG is good value based on its PE Ratio (9.1x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: COG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: COG is overvalued based on its PB Ratio (3.2x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Cabot Oil & Gas forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

-4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COG's earnings are forecast to decline over the next 3 years (-4.6% per year).

Earnings vs Market: COG's earnings are forecast to decline over the next 3 years (-4.6% per year).

High Growth Earnings: COG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: COG's revenue is expected to decline over the next 3 years (-0.5% per year).

High Growth Revenue: COG's revenue is forecast to decline over the next 3 years (-0.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: COG's Return on Equity is forecast to be high in 3 years time (21.9%)


Next Steps

Past Performance

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

31.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: COG's earnings have grown significantly by 31.7% per year over the past 5 years.

Accelerating Growth: COG's earnings growth over the past year (533.4%) exceeds its 5-year average (31.7% per year).

Earnings vs Industry: COG earnings growth over the past year (533.4%) exceeded the Oil and Gas industry 22.6%.


Return on Equity

High ROE: COG's Return on Equity (35.9%) is considered high.


Return on Assets

ROA vs Industry: COG has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: COG's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Cabot Oil & Gas's financial position?


Financial Position Analysis

Short Term Liabilities: COG's short term assets ($631.3M) exceeds its short term liabilities ($234.0M)

Long Term Liabilities: COG's short term assets (631.3M) do not cover its long term liabilities (2.0B)


Debt to Equity History and Analysis

Debt Level: COG's debt to equity ratio (52%) is considered high

Reducing Debt: COG's debt to equity ratio has increased from 49.9% to 52% over the past 5 years.

Debt Coverage: COG's debt is well covered by operating cash flow (120.6%).

Interest Coverage: COG's interest payments on its debt are well covered by EBIT (19.3x coverage).


Balance Sheet

Inventory Level: COG has a high level of physical assets or inventory.

Debt Coverage by Assets: COG's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

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

2.01%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%1.5%markettop25%3.7%industryaverage4.2%forecastin3Years2.1%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: COG's dividend (2.01%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: COG's dividend (2.01%) is low compared to the top 25% of dividend payers in the US market (3.72%).

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 low payout ratio (14.8%), COG's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: COG's dividends in 3 years are forecast to be well covered by earnings (24.6% payout ratio).


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Dan Dinges (65yo)

17.4yrs

Tenure

US$13,050,320

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 ($USD13.05M) is about average for companies of similar size in the US market ($USD6.79M).

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


Management Age and Tenure

5.8yrs

Average Tenure

58.5yo

Average Age

Experienced Management: COG's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

3.8yrs

Average Tenure

65yo

Average Age

Experienced Board: COG's board of directors are considered experienced (3.8 years average tenure).


Insider Trading

Insider Buying: COG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$326,72319 Aug 19
Dan Dinges
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares20,000
Max PriceUS$16.63
BuyUS$122,30319 Aug 19
Rhys Best
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares7,500
Max PriceUS$16.39
BuyUS$173,52431 Jul 19
Peter Delaney
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares9,000
Max PriceUS$19.30
SellUS$3,935,87726 Mar 19
Jeffrey Hutton
EntityIndividual
Role
Head of Marketing
Senior Vice President of Marketing
Shares150,720
Max PriceUS$26.38
BuyUS$1,24202 Jan 19
Peter Delaney
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares54
Max PriceUS$23.00

Ownership Breakdown


Management Team

  • Jeffrey Hutton (63yo)

    Senior Vice President of Marketing

    • Tenure: 5.8yrs
    • Compensation: US$2.22m
  • Scott Schroeder (56yo)

    Executive VP & CFO

    • Tenure: 22.8yrs
    • Compensation: US$6.04m
  • Dan Dinges (65yo)

    Chairman

    • Tenure: 17.4yrs
    • Compensation: US$13.05m
  • Phil Stalnaker (59yo)

    Senior Vice President of Operations

    • Tenure: 0.3yrs
    • Compensation: US$2.20m
  • Todd Roemer (48yo)

    VP & Chief Accounting Officer

    • Tenure: 0yrs
  • George Cunningham (65yo)

    VP & General Counsel

    • Tenure: 9.1yrs
    • Compensation: US$1.36m
  • Todd Liebl (61yo)

    Senior Vice President of Land & Business Development

    • Tenure: 0yrs
  • Steven Lindeman (58yo)

    Senior Vice President of EHS & Engineering

    • Tenure: 0yrs
    • Compensation: US$2.21m
  • Deidre Shearer (51yo)

    VP of Administration & Corporate Secretary

    • Tenure: 0.3yrs
  • Chip Dyson (47yo)

    Vice President of Information Services

    • Tenure: 1.7yrs

Board Members

  • Matt Ralls (70yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$338.67k
  • Rhys Best (73yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$352.37k
  • Bob Boswell (70yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$326.47k
  • Dan Dinges (65yo)

    Chairman

    • Tenure: 17.4yrs
    • Compensation: US$13.05m
  • Mandy Brock (58yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: US$307.83k
  • Bob Kelley (73yo)

    Lead Director

    • Tenure: 4.7yrs
    • Compensation: US$400.28k
  • Marc Watts (60yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: US$307.83k
  • Pete Delaney (65yo)

    Independent Director

    • Tenure: 1.2yrs
    • Compensation: US$83.98k
  • Dorothy Ables (61yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$313.18k

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$7.301b
  • Shares outstanding: 407.90m
  • 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

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:32
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.