The Shares of Cabot Oil & Gas Corp. inched 0.53% higher to $17.06 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.68% to 4,211.47 and the Dow Jones Industrial Average DJIA rising 0.71% to 34,060.36. This was the stock’s fourth consecutive day of gains.
Cabot Oil & Gas Corp. closed $5.61 short of its 52-week high ($22.67), which the company reached on June 9th. The stock underperformed when compared to some of its competitors Thursday, as EOG Resources Inc. EOG rose 1.27% to $75.93. Trading volume remained 389,606 below its 50-day average volume of 5.8 M.
The company reported that the First quarter of 2021 net income was $126.4 million, or $0.32 per share, compared to $53.9 million, or $0.14 per share, in the prior-year period. First-quarter 2021 adjusted net income was $150.0 million, or $0.38 per share, compared to $54.0 million, or $0.14 per share, in the prior-year period. First-quarter 2021 EBITDAX was $300.4 million, compared to $189.0 million in the prior-year period.