#Cog stock price full#
Our results for the fourth quarter and full year 2020 highlights the resiliency of Cabot's business model which is a direct result of our industry leading cost structure, our continued track record of disciplined capital allocation Despite the headwinds we face throughout the year due to historically low natural gas prices, we delivered positive net income and our fifth consecutive year of positive free cash flow generation. While COG performed a little better than the United States Natural Gas ( UNG) price, Devon Energy ( DVN) outperformed the sector significantly.ĬEO Dan O. Thus, I only recommend a long-term COG position in association with active short-term trading (50%) to take advantage of the sector's volatility and reduce overall risks. However, I see a persistent weakness in domestic natural gas prices that increases the general risk factor and reduces the stock price performance despite a better outlook for 2021. A long-term investment in this segment through Cabot Oil & Gas makes perfect sense and is supported by a secured dividend. The investment thesis is quite challenging here.
The company focuses exclusively on the Marcellus Shale with about 180K net acres in the dry gas located in Susquehanna County, Pennsylvania. Total average unit costs decreased to $1.39 per Mcfe from the year-ago quarter’s price of $1.43.Ĭabot Oil & Gas is primarily a US gas producer, and therefore, the price of natural gas it receives is a crucial company's component. The fourth-quarter 2020 was a good quarter overall with net income per share (adjusted for special items) of $0.26 per share, which beat the analysts' expectations.Īlso, strong production volumes of 2,375 million cubic feet equivalent (Mmcfe) coupled with lower costs were higher than its top-end guidance. The company released its fourth-quarter and full-year 2020 results on Feb. Houston-based Cabot Oil & Gas ( COG) is a US natural gas company with a market cap of $6.94 billion. Photo by Hoptocopter/E+ via Getty Images Investment thesis
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