Cabot Oil & Gas Corporation (COG) : On Friday, The money flowed into the Cabot Oil & Gas Corporation (COG) stock with an uptick to downtick ratio was recorded at 1.11. Transactions worth $12.75 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $11.5 million. The total money flow into the stock was $1.25 million. The block trades reveal a bullish bias with an up-down ratio of 1.71. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $4.96 million of block transactions on upticks. The value of block trades on downticks was $2.9 million, indicating lower selling interest. The total money flow in block trades was $2.06 million. In terms of price action, Cabot Oil & Gas Corporation (COG) traded down $0.01 during the session at $24.2. Compared to the previous days closing, the stock was down only by -0.04%. For the week, the stock is -3.43%, over previous weeks closing.
Cabot Oil & Gas Corporation (COG) : Average target price received by Cabot Oil & Gas Corporation (COG) is $28.06 with an expected standard deviation of $3.57. The most aggressive target on the stock is $33, whereas the most downbeat target is $20. 16 financial analysts are currently covering the stock.
Cabot Oil & Gas Corporation (NYSE:COG): stock turned positive on Friday. Though the stock opened at $24.41, the bulls momentum made the stock top out at $24.69 level for the day. The stock recorded a low of $23.94 and closed the trading day at $24.38, in the green by 0.70%. The total traded volume for the day was 6,299,662. The stock had closed at $24.21 in the previous days trading.
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.