Cabot Oil & Gas Corporation (NYSE:COG) has tumbled 1.56% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.43% in the last four weeks. The stocks have underperformed the S&P 500 by 0.38% during the past week but Cabot Oil & Gas Corporation (NYSE:COG) it has outperformed the index in 4 weeks by 5.46%.
Cabot Oil & Gas Corporation (NYSE:COG): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.66 and $24.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.66, notching a gain of 1.07% for the day. The total traded volume was 6,384,435 . The stock had closed at $24.40 on the previous day.
The company shares have dropped -25.52% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $33.61 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $24.17 and the 200 Day Moving Average price is recorded at $21.02.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Cabot Oil & Gas Corp, Boswell Robert S had purchased shares worth of $121,750 in a transaction dated on May 5, 2016. A total of 5,000 shares were purchased at a price of $24.35 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Deutsche Bank maintains their rating on the shares of Cabot Oil & Gas Corporation (NYSE:COG). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $23 per share from $24 per share. The rating by the firm was issued on June 14, 2016. 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%.
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.