Cabot Oil & Gas Corporation (COG) : Wednesdays money flow data in Cabot Oil & Gas Corporation (COG) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $12.8 million, whereas, $10.66 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.2, in favor of the bulls. The total money flow into the stock was $2.14 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.9 million. The total value of block trades done on upticks was $3.94 million. The value of bearish trades on downticks was only $2.04 million.The up/down ratio in the block trades was a healthy 1.93 in favor of the bulls, suggesting strong buying in the stock by large traders. Cabot Oil & Gas Corporation (COG) fell $0.43 and traded at $24.51, down -1.72% for the day, over previous days close. On a weekly basis, the shares are -2.19% over the previous weeks close.
Also, Major Brokerage house, Deutsche Bank maintains its ratings on Cabot Oil & Gas Corporation (NYSE:COG). In the latest research report, Deutsche Bank lowers the target price from $24 per share to $23 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 14, 2016.
Cabot Oil & Gas Corporation (NYSE:COG): The stock opened at $24.69 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.91 for the day. The stock traded down to $24.20 during the day, due to lack of any buying support eventually closed down at $24.50 with a loss of -1.76% for the day. The stock had closed at $24.94 on the previous day. The total traded volume was 4,250,528 shares.
The stock has recorded a 20-day Moving Average of 3.46% and the 50-Day Moving Average is 0.88%. In a related news,The Officer (Vice Pres. & General Counsel) of CABOT OIL & GAS CORP, Cunningham George Kevin sold 6,178 shares at $25.32 on June 21, 2016. The Insider selling transaction had a total value worth of $156,427. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.