Price Differential Help on the Way for Cabot; Slightly Raising FVE to $30
We've tweaked our fair value estimate for narrow-moat Cabot Oil & Gas to $30 per share from $29 following first-quarter results and a subsequent update to our near-term assumptions. Cabot posted production in the first quarter of 1.884 billion cubic feet per day, above the high end of management's guidance and up sequentially even with the sale of its Eagle Ford assets completed at the end of February. With the sale, Cabot is now a pure-play Marcellus dry gas operator.Cabot's realized natur...
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.
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.
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