Report
Jeffrey Stafford
EUR 101.80 For Business Accounts Only

Cabot is a low cost, low leverage, pure-play Marcellus operator.

We are initiating coverage of Cabot Oil & Gas with a fair value estimate of $29 per share and a narrow moat rating. Like all pure E&P companies, Cabot is essentially a play on the underlying commodities it produces, in this case, U.S. natural gas. For E&Ps, factors like cost position and financial leverage determine the amount of exposure to commodity prices that investors in the stock take on. In the case of Cabot, with an enviable cost position and little financial leverage, invest...
Underlying
Cabot Oil & Gas Corporation

Cabot Oil & Gas is an independent oil and gas company engaged in the development, exploitation, exploration and production of oil and gas properties. The company operates in one segment, natural gas and oil development, exploitation, exploration and production, in the continental United States. The company's operations are primarily concentrated in one unconventional play—the Marcellus Shale in northeast Pennsylvania.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jeffrey Stafford

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch