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How Has Cabot Oil & Gas Stock Performed in 2017?

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Dec. 4 2020, Updated 10:51 a.m. ET

Stock performance

Unlike most energy stocks, Cabot Oil & Gas (COG) stock has increased this year. Since January, Cabot Oil & Gas stock has risen ~10%. Crude oil prices (USO) (DBO) have fallen ~12% during the same period, while natural gas prices (UNG) (UGAZ) have fallen ~9%.

The Energy Select Sector SPDR ETF (XLE) has fallen ~14% during the same period.

Notably, Cabot Oil & Gas overperformed XLE and the broader industry S&P 500 SPDR ETF (SPY). SPY has risen ~9% since January 2017.

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Cabot Oil & Gas announced its dividend

On May 3, 2017, Cabot Oil & Gas announced a 150% increase in its dividend to $0.05 per share. The dividend was payable on May 31, 2017. An accompanying press release noted that the momentum in its Marcellus operations “from both the macro commodity and pipeline infrastructure outlooks” and its forecasts for continued positive free cash flow generation resulted in the increased dividend.

Next, we’ll discuss analysts’ latest recommendations for Cabot Oil & Gas stock.

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