Cabot Oil & Gas CorporationNYSE
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  • Fri, Oct. 28, 10:27 AM
    | Fri, Oct. 28, 10:27 AM
  • Fri, Oct. 28, 6:46 AM
    • Cabot Oil & Gas (NYSE:COG): Q3 EPS of -$0.04 in-line.
    • Revenue of $310.43M (+1.7% Y/Y) beats by $2.32M.
    • Press Release
    | Fri, Oct. 28, 6:46 AM
  • Thu, Oct. 27, 5:30 PM
    | Thu, Oct. 27, 5:30 PM | 2 Comments
  • Fri, Oct. 14, 6:58 PM
    • Cabot Oil & Gas (NYSE:COG) and Williams Cos. (NYSE:WMB) have sold off since late Thursday after the FERC said it would give landowners until Nov. 14 to comment on new route alternatives for parts of WMB's Atlantic Sunrise project in Pennsylvania.
    • Both WMB and COG, a would-be shipper on the line, have dropped as the route evaluation raises questions about how soon the project would start, but several analysts see an opportunity to buy the shares on weakness.
    • Piper Jaffray says long-term investors should buy COG on weakness, citing the quality of the company’s assets and ability to generate free cash flow.
    • KeyBanc says a delay of a couple of months for the pipeline’s environmental impact statement should not be materially negative for COG.
    • RBC Capital says a potential delay should be manageable since new routes involve less than two miles of pipe; the firm suggests buying WMB on weakness. since a short delay should not materially impact cash flow expectations.
    | Fri, Oct. 14, 6:58 PM | 6 Comments
  • Thu, Oct. 13, 5:25 PM
    • Cabot Oil & Gas (NYSE:COG), Williams Cos. (NYSE:WMB) and Williams Partners (NYSE:WPZ) tumbled into the close following a Bloomberg report that the proposed Atlantic Sunrise natural gas pipeline will be delayed after regulators requested more comments from Pennsylvania landowners over the environmental impact of the project.
    • COG, WMB and WPZ closed lower by 4.6%, 2.3% and 1.9%, respectively - with nearly all losses coming in the final half-hour of trading - after a FERC filing included a letter asking landowners to submit comments about two new alternative routes by Nov. 14.
    • COG CEO Dan Dinges had said last month that he expected FERC to issue final environmental approval for Atlantic Sunrise in middle or latter part of October.
    | Thu, Oct. 13, 5:25 PM | 24 Comments
  • Thu, Sep. 29, 7:15 PM
    • S&P Global Market Intelligence’s Stewart Glickman highlights four stocks - EOG Resources (NYSE:EOG), Marathon Oil (NYSE:MRO), Noble Energy (NYSE:NBL) and Cabot Oil & Gas (NYSE:COG) - that can thrive even at $45/bbl oil.
    • The firm estimates nearly 6% production growth for EOG in 2017, a current net debt to capital ratio of ~33%, and projected cash from operations at 114% of anticipated 2017 capex - fundamental metrics that give EOG "a measure of safety even if the macro picture refuses to budge."
    • Glickman sees MRO with 2% production growth in 2017, which might seem mediocre but not in the context of its net debt to capital ratio (18%) and its free cash flow percentage for 2017 (128%).
    • The firm notes NBL's sizable domestic and international operations, with the company's strong acreage position in natural gas offshore Israel as a key catalyst.
    • Glickman sees COG with production growth of 8% in 2017, led by its prolific Northeast acreage, and with a net debt to capital ratio of just 23% and a free cash flow percentage of 146%.
    | Thu, Sep. 29, 7:15 PM | 21 Comments
  • Fri, Sep. 23, 9:51 AM
    • Hot-handed Cabot Oil & Gas (COG +1.4%) gets another boost as Raymond James upgrades to Strong Buy from Market Perform.
    • With today's advance, the stock is higher by 46.4% YTD.
    | Fri, Sep. 23, 9:51 AM | 2 Comments
  • Tue, Aug. 30, 6:52 PM
    • Earlier fears that some energy companies might not be able to secure new lines of credit because of the collapse in oil prices seem to be a thing of the past; in fact, banks are willing to lend but energy companies do not seem particularly eager to borrow, says Stifel's Daniel Guffy and his analyst team.
    • Banks have sought to work through the debt challenges in the energy end markets, as forcing a bankruptcy risks a liquidation that would not come close to recovering the loan value; banks seem willing to lend again as the fall redetermination begins, but E&P companies have little appetite to add leverage, although this could shift as E&P fundamentals improve, Stifel says.
    • Companies in Stifel's coverage that have chosen to take a defensive posture by reigning in capex and curbing growth to protect balance sheets and/or preserve liquidity include Buy-rated CRZO, EGN, NFX and XEC, as well as Hold-rated CLR, COG, CRK and PQ.
    | Tue, Aug. 30, 6:52 PM | 3 Comments
  • Mon, Aug. 29, 6:25 PM
    • Williams Capital believes oil industry fundamentals are solid despite current commodity price levels but is cautious overall and advises investors not to chase the recent run at current valuations.
    • However, the firm recommends select underappreciated companies with lower expectations and re-rating potential, and thinks companies situated in core resource plays that can demonstrate further capital efficiency improvements with catalysts will continue to garner top valuations and M&A premiums.
    • Two of Williams' favorites are SM Energy (NYSE:SM), which the firm says remains one of the cheapest names in the sector with a solid balance sheet and assets as well as a conservative management team, and Newfield Exploration (NYSE:NFX), which Williams sees thriving through the current downturn given its strong balance sheet, ample financial liquidity and strong hedge book.
    • Also initiated with Buy ratings: Cabot Oil & Gas (NYSE:COG), Energen (NYSE:EGN), Gulfport Energy (NASDAQ:GPOR), Oasis Petroleum (NYSE:OAS), PDC Energy (NASDAQ:PDCE), Pioneer Natural Resources (NYSE:PXD).
    • Driven largely by valuation, Williams assigns Hold ratings on Diamondback Energy (NASDAQ:FANG), Gastar Exploration (NYSEMKT:GST), Laredo Petroleum (NYSE:LPI), Parsley Energy (NYSE:PE), Rice Energy (NYSE:RICE) and Cimarex Energy (NYSE:XEC).
    | Mon, Aug. 29, 6:25 PM
  • Thu, Aug. 25, 10:51 AM
    • Natural gas production from the Marcellus and Utica shales remains surprisingly strong and defying predictions that output would fall, averaging 22.63B cf/day so far in August, up 2% from last month and the most since February’s all-time high of 22.78B cf/day.
    • Even though the number of drilling rigs has declined, new production per rig now averages ~11.4M cf of gas in the Marcellus, up 18% Y/Y, as producers have managed to maintain volumes by tapping inventories of drilled but uncompleted wells and burrowing deeper, longer wells that yield more gas.
    • Production has been strong despite regional prices at ~$1.2757/MMBtu, less than half the price for benchmark gas in Louisiana.
    • Top Marcellus/Utica producers include EQT, RRC, RICE, CVX, CNX, VTG, REXX, XOM, NBL, COG, CHK.
    | Thu, Aug. 25, 10:51 AM | 52 Comments
  • Mon, Aug. 15, 3:56 PM
    • Cabot Oil & Gas (COG +1.3%) is higher as Drexel Hamilton maintains its Buy rating and raises its stock price target to $35 from $31, saying that its review of COP's pipeline transport and sales additions indicate a strong likelihood that the company's Marcellus shale natural gas production could double over the next 24 months.
    • The firm projects 2017 and 2018 EBITDA estimates at a respective $1.6B and $2.7B, substantially above consensus of $1.1B and $1.6B, and foresees COG's Marcellus shale production to rise to 3.9B cf/day by year-end 2018 from the current 1.6B cf/day.
    • Drexel also notes that the Atlantic Sunrise Pipeline Project, COG's biggest near-term project, appears on schedule for an estimated Q3 2017 start-up.
    | Mon, Aug. 15, 3:56 PM | 4 Comments
  • Mon, Aug. 8, 12:19 PM
    • Williams Partners (WPZ +1.4%) and its co-developers in the $925M Constitution natural gas pipeline are favored to prevail in at least one of two legal challenges to New York’s opposition to the project, Bloomberg reports.
    • The developers argue that the project should go forward and that requiring other state permits as a condition precedent to construction is an overreach.
    • The FERC last month approved the 124-mile pipeline from the Marcellus shale region in Pennsylvania to markets in New England and New York, and granted the developers a two-year extension to December 2018.
    • Other partners in the Constitution pipeline include Cabot Oil & Gas (COG +3.3%), Piedmont Natural Gas (PNY +0.1%) and WGL Holdings (WGL -0.8%).
    | Mon, Aug. 8, 12:19 PM | 3 Comments
  • Fri, Jul. 29, 6:53 AM
    • Cabot Oil & Gas (NYSE:COG): Q2 EPS of -$0.07 beats by $0.01.
    • Revenue of $246.81M (-19.4% Y/Y)
    • Press Release
    | Fri, Jul. 29, 6:53 AM
  • Thu, Jul. 28, 5:30 PM
  • Wed, Jul. 27, 5:29 PM
    • Cabot Oil & Gas (NYSE:COG) declares $0.02/share quarterly dividend, in line with previous.
    • Forward yield 0.34%
    • Payable Aug. 24; for shareholders of record Aug. 10; ex-div Aug. 8.
    | Wed, Jul. 27, 5:29 PM
  • Fri, Jul. 22, 11:54 PM
    • The partners behind the proposed Constitution Pipeline earlier today asked the FERC for a 24-month extension until December 2018 to construct its 124-mile interstate pipeline from Susquehanna County, Pa., to Schoharie County, N.Y.
    • FERC's initial approval had required completion of the extension by December 2016, but the project has been delayed because New York state regulators refused to grant a needed water quality certification in April.
    • Williams Partners (NYSE:WPZ), Cabot Oil & Gas (NYSE:COG) and Piedmont Natural Gas (NYSE:PNY) are the partners behind the proposed $925M gas pipeline.
    | Fri, Jul. 22, 11:54 PM | 2 Comments