Stock Watch: Cabot Oil & Gas Corporation (NYSE:COG)

Northern Oil and Gas, Inc.is an independent energy company.

The price to earnings ratio, or the valuation ratio of a company’s current share price compared to its per-share earnings sits at 322.47.

Cabot Oil & Gas Corp. lost $27.5 million in the second quarter as the company pulled back from the Marcellus shale play and fetched less for the oil and gas it pumped, the company announced Thursday. Excluding the effect of selected items, net income was $14.6 million, or $0.03 per share, in the second quarter of 2015.

Northern Oil & Gas (AMEX:NOG) had its target price lowered by Global Hunter Securities from $8.00 to $6.00 in a report issued on Tuesday morning, StockTargetPrices.com reports.

The stock upgrade is well-received by stock speculators, as NASDAQ:CRZO is at the moment trading 0.11% higher at $37.76 as of 11:21 New York time.

Earlier this week analysts at Barclays removed Cabot from their top stocks list noting that the recent pull back, which is due to the decline in oil prices, does not represent a buying opportunity. Northern Oil & Gas has a 52 week low of $4.79 and a 52 week high of $17.09. The company’s market cap is $198.77 million. Cabot Oil & Gas Corporation (NYSE:COG): The stock price is expected to reach $ 34.97 in the short term. Year-to-Date the stock performance stands at -6.67%. Crude prices were down 43 percent year over year, with Cabot selling oil for $56.10 per barrel in the second quarter. The stock has a 50-day moving average of $31.59 and a 200-day moving average of $30.74. The total value of the transaction was worth $888,428.

Although the Houston-based company, one of the largest natural gas producers in the country, produced more than it had a year ago, the boost in output wasn’t enough to offset the weak prices for oil and natural gas. The Company’s exploration, development and production operations are primarily concentrated in two plays: the Marcellus Shale in northeast Pennsylvania and the Eagle Ford Shale in south Texas. The Company also has non-core operations in various other unconventional and conventional plays throughout the continental United States. The Company’s assets are concentrated in areas with hydrocarbon resources, which are conducive to multi-well, repeatable drilling programs. In December 2012, the Company sold certain proved oil and gas properties located in south Texas. In June 2012, the Company sold a 35% non-operated working interest associated with certain of its Pearsall Shale undeveloped leaseholds in south Texas.