Shares of Cabot Oil & Gas Corporation (NYSE:COG) Sees Large Inflow of Net Money Flow

The shares of Cabot Oil & Gas Corporation (NYSE:COG) traded with a loss of -0.15 points or -0.58% in the most recent session. The shares last traded at $24.91. As per the trading info, the shares saw $3.77 million in upticks and lost $2.82 million in downticks, resulting in a net money flow of $0.95 million. The up/down ratio for the day was measured at 1.34. For the week, the shares had posted 2.79%.From the block trade data available, the total upticks were valued at $0.76 million and the total downticks were valued at $0 million, thereby putting the up/down ratio at 0. The net money flow for the block transaction was $0.76 million.


Currently the company Insiders own 1.8% of Cabot Oil & Gas Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.47% . Institutional Investors own 96.2% of Cabot Oil & Gas Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 15.14%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Cabot Oil & Gas Corp, Boswell Robert S, had purchased 5,000 shares in a transaction dated on May 5, 2016. The transaction was executed at $24.35 per share with total amount equaling $121,750.

Cabot Oil & Gas Corporation (NYSE:COG) : On Monday heightened volatility was witnessed in Cabot Oil & Gas Corporation (NYSE:COG) which led to swings in the share price. The stock opened for trading at $24.92 and hit $25.15 on the upside , eventually ending the session at $25.09, with a gain of 0.16% or 0.04 points. The heightened volatility saw the trading volume jump to 4,192,034 shares. The 52-week high of the share price is $34.48 and the company has a market cap of $11,667 million. The 52-week low of the share price is at $14.88 .

Many analysts have stated their opinion on the company shares. Morgan Stanley maintains its view on Cabot Oil & Gas Corporation (NYSE:COG) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Morgan Stanley lowers the price target from $21 per share to $20 per share on Cabot Oil & Gas Corporation. The rating by the firm was issued on April 26, 2016.

Cabot Oil & Gas Corporation is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties. The Companys 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 Companys Marcellus Shale properties are principally located in Susquehanna County and to a lesser extent Wyoming County, Pennsylvania. The Companys properties in the Eagle Ford Shale are principally located in Atascosa, Frio and La Salle Counties, Texas. The Company also has operations in various other unconventional and conventional plays throughout the continental United States, including the Utica Shale in Pennsylvania; the Cotton Valley, Haynesville, Bossier, and James Lime formations in east Texas, and the Devonian Shale, Big Lime, Weir and Berea in West Virginia.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.