#2 Cabot Oil & Gas
Ticker: COG
YTD performance: 59%
Market cap: $6.3 billion

Natural Gas producers, such as Cabot Oil & Gas (COG), have been among this year's best performing stocks, helped by higher energy prices and heightened interest in the exploration of oil shale and other rock formations for alternative fuel sources.

Cabot Oil owns drilling rights in the Marcellus shale, a geological formation in the Appalachians containing massive quantities of natural gas.

While Marcellus shale has large quantities of natural gas, drilling efforts are still too early to have a meaningful impact on Cabot's business. The company recently reported an adjusted profit of $20.7 million, or 20 cents a share, giving Cabot a hefty price-to-earnings ratio of 52. That type of ratio puts Cabot shares up there with dotcom names like Netflix (NFLX).

Many analysts remain bullish on Cabot. Bank of America analysts recently upgraded their price target on Cabot shares to $105.




All data current as of June 17, 2011.
Last updated June 29 2011: 7:39 AM ET
Join the Conversation

The market has had its struggles in the first half of the year, but these 10 stocks are really making a stink. From RadioShack to AIG, here are the biggest losers so far in 2011. More

The Federal Reserve's $600 billion bond buying stimulus is winding down, and experts say stocks don't need anything more. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.