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Why COG Is the Second-Best-Performing Upstream Stock Year-to-Date


Dec. 4 2020, Updated 10:52 a.m. ET

Cabot Oil & Gas’s year-to-date performance

On December 1, 2017, Cabot Oil & Gas (COG) was the second-best-performing stock in 2017 from the oil and gas production—or upstream—sector in the US. Year-to-date, COG has increased from its 2016 close of $23.20 to $28.68 on December 1, 2017, which is a sizeable increase of ~24.0%.

Year-to-date in 2017, COG has outperformed crude oil (USO), natural gas (UNG), and the SPDR S&P 500 ETF (SPY). Year-to-date, crude oil has risen ~9.0%, and natural gas has fallen ~18.0%.

Year-to-date, the SPDR S&P 500 ETF (SPY) has risen ~18%, and the SPDR Dow Jones Industrial Average ETF (DIA) has risen ~23.0%.

Cabot Oil & Gas is primarily a natural gas producer and despite the big year-to-date decline in natural gas prices, COG has shown excellent relative strength when compared with natural gas prices.

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Cabot Oil & Gas’s revenues and earnings

In 9M17, Cabot Oil & Gas (COG) reported revenues of ~$1.4 billion—about 63.0% higher than its 9M16 revenues of ~$839.0 million. In 9M17, COG reported a net profit of ~$185.0 million, which an improvement over its loss of ~$102.0 million in 9M16.

From its 2Q17 dividend, Cabot Oil & Gas increased its 3Q17 dividend from $0.02 per share to $0.05 per share. On December 1, 2017, COG’s dividend yield stood at ~0.59%. Its dividend yield measures the trailing-12-months dividends divided by the company’s stock price.

Next, we’ll compare the year-to-date returns from Tellurian (TELL) with the broader market and energy commodities. We’ll also analyze TELL’s fundamental metrics.


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