Report
Jeffrey Stafford
EUR 100.00 For Business Accounts Only

Cabot's Volumes and Pricing Differentials Set to Improve With Atlantic Sunrise

We're leaving our Cabot Oil & Gas fair value estimate unchanged at $30 per share following our initial look at second-quarter earnings. Our narrow moat rating is also intact. Cabot posted production in the second quarter of 1.895 billion cubic feet per day, near the high end of management's guidance and a 0.5% increase sequentially versus the second quarter. Volumes are set to jump in the second half of the year thanks to the anticipated in-service of the Atlantic Sunrise pipeline project. W...
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

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