Shares of Cabot Oil & Gas Corporation (NYSE:COG) recorded 0.26% gain during trading session on April 16th, 2019. The script traded as low as $27.17 and last traded at $27.43. 4.24 million shares changed exchanged hands during trading, an increase of 24.4% from the 30-day average session volume of 5.61M shares. The firm had previously closed at $27.36. The company has $417.70M outstanding shares, a price-to-earnings ratio of 22.26, price-to-earnings-growth ratio of 5.24and a beta of 0.62. The company has a RSI of 67.28, ATR of 0.50 and a volatility of 1.52% this week. COG has a 52 week low price of $20.94 and a 52 week high price of $27.65.
Investors have identified the tech company Cabot Oil & Gas Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around 11.46B, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Cabot Oil & Gas Corporation (COG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For COG, the company has in raw cash 2.29 million on their books with 25.23 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 0 total, with 1.61 billion as their total liabilities. This figure have given the company a good sense of viability under numerous contexts.
COG were able to record 210.43 million as free cash flow during the recently reported quarter of the year, this saw their quarterly net cash flow reduce by 477.76 million. In cash movements, the company had a total of 1.1 billion as operating cash flow.
Potential earnings growth for Cabot Oil & Gas Corporation (COG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Cabot Oil & Gas Corporation recorded a total of 716.3 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 0.44% coming in sequential stages and their sales for the third quarter increasing by 0.24%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 375.62 million trying to sell their products during the last quarter, with the result yielding a gross income of 340.68 million. This allows shareholders to hold on to 417.70M with the revenue now reading 620 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.37 cents a share).
Is the stock of COG attractive?
Having a look at the company’s valuation, the company is expected to record 1.89 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on COG sounds very interesting.
In related news, Sr. Vice President, Marketing HUTTON JEFFREY W sold 150,720 shares of the company’s stock in a transaction that recorded on March 22nd, 2019. The sale was performed at an average price of 26.11, for a total value of 3,935,877. As the sale deal closes, the Director HUTTON JEFFREY W now bought 54 shares of the company’s stock, valued at 1,242. Also, Director KELLEY ROBERT bought 50,000 shares of the company’s stock in a deal that was recorded on May 29th, 2019. The shares were bought at an average price of 22.25 per share, with a total market value of 681,717. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.60%.
3 out of 29 analysts covering the stock have rated it a Buy, while 13 have maintained a Hold recommendation on Cabot Oil & Gas Corporation stock. 0 analysts has assigned a Sell rating on the COG stock. The 12-month mean consensus price target for the company’s shares has been set at $27.55.