It’s worth it to have a look at Cabot Oil & Gas Corporation (NYSE:COG) as there may be a chasm between the bulls and the bears as far as recent trading activity goes. Now trading with a market value of 11.85B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. Everyone seems to have their own opinion of this stock. But what do the numbers really say? We think it’s a great time to take a fresh look.
Cabot Oil & Gas Corporation (NYSE:COG) Fundamentals That Matter
It’s generally a good idea to start with the most fundamental piece of the picture: the balance sheet. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For COG, the company currently has 510.26 million of cash on the books, which is offset by 237 million in current liabilities. The trend over time is important to note. In this case, the company’s debt has been growing. The company also has 5.13 billion in total assets, balanced by 2.48 billion in total liabilities, which should give you a sense of the viability of the company under any number of imagined business contexts.
Cabot Oil & Gas Corporation (COG) saw -4.38 million in free cash flow last quarter, representing a quarterly net change in cash of -6.28 million. Perhaps most importantly where cash movements are concerned, the company saw about 189.1 million in net operating cash flow.
Cabot Oil & Gas Corporation (NYSE:COG) Revenue Growth Potential
As far as key trends that demonstrate something of the future investment potential of this stock, we need to take a closer look at the top line, first and foremost. Last quarter, the company saw 386.25 million in total revenues. That represents a quarterly year/year change in revenues of 0.27 in sequential terms, the COG saw sales decline by -0.14.
But what about the bottom line? After all, that’s what really matters in the end. Cabot Oil & Gas Corporation (COG) is intriguing when broken down to its core data. The cost of selling goods last quarter was 308.9 million, yielding a gross basic income of 77.36 million. For shareholders, given the total diluted outstanding shares of 464.78 million, this means overall earnings per share of 0.04. Note, this compares with a consensus analyst forecast of 0.27 in earnings per share for its next fiscal quarterly report.
Is Cabot Oil & Gas Corporation (NYSE:COG) Valuation Attractive
We consider a median price to earnings ratio on the stock, that corresponds with a stock price of 16.20. However, one should always remember: the trends are more important than the forecasts. This continues to be an interesting story, and we look forward to updating it again soon on Cabot Oil & Gas Corporation.