COG stock: buy or sell?

COG stock price: $23.51 -2.04% At close on July 15th, 2019

Updated on:
July 15th, 2019

1

Shares of Cabot Oil & Gas dropped a rough -2.04% and closed at $23.51.

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

Should I buy COG stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Cabot Oil & Gas stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean COG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Cabot Oil & Gas stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 9 ratings published for COG stock in the last 30 days.

The general sentiment of these ratings is bullish for COG stock, with 5 positive ratings.
Is COG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-8Wells Fargo & CoMarket PerformOutperform
2019-7-8CitigroupNeutralBuy
2019-6-24Morgan Stanleyn/aHold
2019-4-9TD Securitiesn/aBuy
2019-4-9Cowenn/aOutperform
2019-2-22Williams Capitaln/aHold
2019-2-11Williams Capitaln/aHold
2019-1-7Jefferies Financial GroupHoldBuy
2019-1-14KeyCorpSector WeightSector Weight

COG stock analysis

Daily outlook

Shares of Cabot Oil & Gas ended today at $23.51 and dropped a rough -2.04%.

Cabot Oil & Gas shares dropped -2.04% to $23.51 today. Since price and SMA200d lines crossed down on June 10th, COG fell $-1.93 per share (-7.59%).

COG stock chart (daily)

Weekly outlook

Shares of Cabot Oil & Gas depreciated a fateful -2.04% this week. By mid June COG collapsed a chilling -7.03% in just one week.

Cabot Oil & Gas is in a clear downtrend, marking consecutive declining tops and bottoms. Now is trading in between the - range. If the support holds the price, this might mark a double bottom configuration and create a flat-base to reverse this downtrend. Since price and 40-weeks moving average lines crossed down by mid June, COG fell $-1.93 per share (-7.59%). Stocks under the 200d moving average line are usually not recommended for average traders. Since mid November 2018 when SMA20w and SMA40w crossed up, COG price slipped $-1.94 per share (-7.62%).

COG stock chart (weekly)

COG stock price history

COG stock went public on February 8th, 1990 with a price of $1.171. Since then, COG stock surged a 1,909.40%, with a yearly average of 65.80%. If you had invested right after COG's IPO a $1,000 in COG stock in 1990, it would worth $19,094.00 today.

1: Adjusted price after possible price splits or reverse-splits.

COG stock historical price chart

COG stock reached 52-week highs on April at $27.55, and all-time highs 2014-02-05 with a price of 40.45.

COG stock price target is $28.10

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 8 price targets for Cabot Oil & Gas stock published in the last 30 days:
COG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-8Wells Fargo & CoUpgradesn/a$28.00-
2019-7-8CitigroupRaises Target$28.00$28.000%
2019-6-24Morgan StanleySet Price Targetn/a$23.00-
2019-4-9TD SecuritiesRaises Target$30.00$36.0020%
2019-4-9CowenInitiatesn/a$32.00-
2019-2-22Williams CapitalReiteratesn/a$27.00-
2019-2-11Williams CapitalReiteratesn/a$27.00-
2019-1-14KeyCorpInitiatesn/a$24.18-
(in average)$29.00$28.10-3.0%
The price prediction for Cabot Oil & Gas stock is $28.10, moving in a range between $36.00 and $23.00. In average, analysts' outlook on COG price target is negative, downgrading the prediction by a -3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Cabot Oil & Gas failed experts on February when it reported an Earnings per Share (EPS) of $0.52 when the market consensus was $0.57.
COG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.13n/a
2017-Q32017-10-270.070.070.0%
2017-Q42018-02-230.090.1233.3%
2018-Q12018-04-270.250.278.0%
2018-Q22018-07-270.180.13-27.8%
2018-Q32018-10-260.260.24-7.7%
2018-Q42019-02-220.570.52-8.8%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an exceptional growth of 22.69% to $2,143.72 M dollars. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) skyrocketed a 20.24% to 25.98%.

COG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,690 M-$280 M16.6%-
2014$1,954 M15.60%$104 M5.3%-62.66%
2015$1,300 M-33.44%$-113.89 M-8.8%-209.02%
2016$1,195 M-8.14%$-417.12 M-34.9%266.25%
2017$1,747 M46.26%$100 M5.7%-124.07%
2018$2,144 M22.69%$557 M26.0%454.86%

Quarterly financial results

Cabot Oil & Gas posted $670.24 million in sales for 2018-Q4, a 22.15% up compared to previous quarter. Reported quarter income marked $275.05 million with a profit margin of 41.04%. Profit margin climbed a 18.74% compared to previous quarter when profit margin was 22.30%. When comparing revenues to same quarter last year, Cabot Oil & Gas sales marked an amazing gain and rocketed a 55.90%. Looking back to recent quarterly results, Cabot Oil & Gas posted 2 positive quarters in a row.
COG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$447 M-$22 M4.8%-
2017-Q3$386 M-13.52%$18 M4.6%-18.30%
2017-Q4$430 M11.31%$-44 M-10.3%-352.65%
2018-Q1$468 M8.77%$117 M25.1%-363.79%
2018-Q2$457 M-2.25%$42 M9.3%-63.81%
2018-Q3$549 M20.04%$122 M22.3%188.32%
2018-Q4$670 M22.15%$275 M41.0%124.83%
2019-Q1$633 M-5.49%$263 M41.5%-4.47%

Cabot Oil & Gas ownership

When you are planning to invest in shares of a stock, it's always worth to check its ownership structure.

Cabot Oil & Gas shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.69% of all shares.

Bearish positions for COG stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Cabot Oil & Gas:

COGAPCARCHKEOG
Market cap$10.0 B$36.7 B$1.6 B$1.8 B$52.8 B
Total shares423.4 M501.9 M309.1 M911.9 M580.3 M
Float shares415.9 M500.7 M232.7 M1,110.0 M577.9 M
  - Institutional holdings (%)104.8%88.5%41.1%63.8%89.2%
  - Insider holdings (%)1.7%0.3%1.4%1.1%0.5%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

COG summary

Monday, July 15th, 2019
Open$23.79
Close$23.51
Day range$23.50 - $23.91
Previous close$24.00
Session gain-2.04%
Average true range$0.43
50d mov avg$24.66
100d mov avg$25.25
200d mov avg$24.69
Daily patternlt03a
Weekly pattern lt02a

Cabot Oil & Gas performance

To measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare Cabot Oil & Gas to Anadarko Petroleum, Antero Resources, Chesapeake Energy, EOG Resources, EQT, Noble Energy, Range Resources, SM Energy and Southwestern Energy:
Stock3m6m12m
COGCabot Oil & Gas-9.72%-7.66%-1.88%
APCAnadarko Petroleu...18.84%55.16%0.11%
ARAntero Resources-40.16%-50.48%-76.10%
CHKChesapeake Energy-39.12%-29.04%-62.81%
EOGEOG Resources-13.50%-5.75%-27.29%
EQT -23.47%-26.04%-48.07%
NBLNoble Energy-19.38%-6.09%-36.20%
RRCRange Resources-38.97%-45.10%-61.40%
SMSM Energy-40.74%-43.79%-58.84%
SWNSouthwestern Ener...-40.74%-37.47%-49.44%

Cabot Oil & Gas competitors

One check before trading any stock is to have a look a list of its competitors, in this case for Cabot Oil & Gas. We picked 9 companies as Cabot Oil & Gas competitors as they are in the same industry or have similar market objectives.

Latest COG stock news