Cabot Oil & Gas Corporation (NYSE:COG) & Tesoro Corporation (NYSE:TSO) Traders Alert

On Friday, Shares of Cabot Oil & Gas Corporation (NYSE:COG) lost -0.66% to $24.07. The share price is trading in a range of $23.83 – 24.33. The stock exchanged hands with 3.99 million shares contrast to its average daily volume of 7.44 million shares.

Cabot Oil & Gas Corporation (NYSE:COG) have shown a low EPS growth of -25.60% in the last 5 years and has earnings growth of 41.20% yoy. Analysts have a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared -9.82% below its 52-week highs and is up 12.34% for the last five trades.

Shares of Tesoro Corporation (NYSE:TSO) declined -0.29% to $87.33. The share price of the stock surged 14.55% for the year.

Tesoro Corporation (TSO) stated fourth quarter net earnings from continuing operations attributable to Tesoro of $78 million, or $0.66 per diluted share, contrast to $54 million, or $0.45 per diluted share a year ago. Merged net earnings were $101 million for the fourth quarter 2016 contrast to $83 million for the same period last year. EBITDA for the fourth quarter 2016 was $468 million contrast to $388 million last year. Fourth quarter operating income and EBITDA include a pre-tax benefit of $123 million in 2016 and pre-tax loss of $276 million related to a lower of cost or market (LCM) inventory adjustment in 2015.

SEGMENT RESULTS
REFINING. Refining operating income was $43 million for the fourth quarter 2016 contrast to $12 million in 2015 and segment EBITDA was $205 million contrast to $146 million in 2015. Fourth quarter 2016 operating income and segment EBITDA include a pre-tax benefit of $123 million related to a LCM inventory adjustment contrast to a pre-tax loss of $276 million in the fourth quarter 2015.

The Tesoro Index(a) was $10.59 per barrel during the fourth quarter with a gross refining margin of $9.45 per barrel. This compares to the Tesoro Index of $15.60 per barrel with a gross refining margin of $9.05 per barrel in the fourth quarter 2015. The year-over-year comparisons of operating results and refining gross margins mainly reflect the relatively strong market conditions in 2015 in addition to LCM impacts. Total refinery throughput for the quarter was 841 thousand barrels per day, or 94% utilization. Manufacturing costs in the fourth quarter 2016 reduced by 3% per barrel over last year to $5.43 per barrel mainly because of higher refinery throughput in the fourth quarter 2016. Total refinery utilization was 93% for 2016.

LOGISTICS. Logistics operating income raised to $123 million in the fourth quarter 2016 from $97 million a year ago and segment EBITDA raised to $177 million from $146 million last year. The performance of Tesoro Logistics LP (TLLP) was driven by year-over-year growth in crude oil gathering throughput, terminalling and transportation throughput and contributions from the acquisitions of the Alaska Storage and Terminalling Assets accomplished during the third quarter 2016 and the Northern California Terminalling and Storage Assets accomplished in November.

MARKETING. Marketing operating income was $169 million, segment EBITDA was $192 million and fuel margins were 11.4 cents per gallon in the fourth quarter 2016. This compares to operating income of $175 million, segment EBITDA of $187 million and fuel margins of 11.7 cents per gallon last year. Consumer demand remained strong, with year-over-year U.S. gasoline demand growth of about 1.6% and California gasoline demand growth of about 2.1%, through October. In Addition To, U.S. vehicle miles traveled improved by about 3.1% year-over-year through November. The Company successfully executed its strategy of growing its branded station network, increasing total branded stations by 95 to 2,492 at the end of 2016.

Analysts give TSO a mean recommendation of 1.90. The company has grown 3.2% in past 3 months and in the last five trades has moved up 4.55%. The stock has earnings growth of -76.70% yoy and showed a high EPS growth of 128.30% over the past five years. The stock’s price moved up its 200-day moving average of $81.99. The stock is presently trading up its SMA-50 of $83.84.

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