Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

On January 2, Zacks Investment Research upgraded Cabot Oil and Gas Corporation (COG - Analyst Report) to a Zacks #1 Rank (Strong Buy).

Why the Upgrade?

Cabot Oil and Gas has been witnessing rising earnings estimates on the back of strong third-quarter 2012 results and an enhanced guidance for 2012 and 2013. The long-term expected sales growth rate for this stock is 4.97%    

Cabot Oil and Gas reported third quarter 2012 results on October 25, 2012. Earnings per share (excluding special items) of 17 cents passed the Zacks Consensus Estimate of 15 cents with positive earnings surprise of 13.33%. Cabot’s performance also improved considerably from the year-ago adjusted profit of 14 cents per share.

Earnings were primarily aided by enhanced output, increased oil prices and lower exploration costs.

Based on its progress, Cabot guides its 2012 volume growth in the range of 38% to 44%, including an expected liquid growth of 60% to 70%. For full-year 2013, the company expects to see production growth in the range of 35% to 50%, including a liquid growth of 45% to 55%.

For 2013, more than half of the estimates were revised higher over the last 60 days, lifting the Zacks Consensus Estimate by 8.33% to $1.17 per share.

Other Stocks to Consider

The following energy companies with favorable Zacks Rank are also performing well and are worth considering:

1)    Cheniere Energy Partners LP. (CQP) carries a Zacks #1 Rank (Strong Buy)
2)    Delek Us Holdings Inc (DK - Snapshot Report) holds a Zacks #1 Rank (Strong Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%