Cabot Oil & Gas Corporation (COG) Shares are Up 3.51%

Cabot Oil & Gas Corporation (COG) : Traders are bullish on Cabot Oil & Gas Corporation (COG) as it has outperformed the S&P 500 by a wide margin of 6.07% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.51% in the last 1 week, and is up 6.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Cabot Oil & Gas Corporation is up 12.13% in the last 3-month period. Year-to-Date the stock performance stands at 47.14%. The stock has recorded a 20-day Moving Average of 6.18% and the 50-Day Moving Average is 4.34%.


Cabot Oil & Gas Corporation (NYSE:COG): The stock opened at $25.95 on Friday but the bulls could not build on the opening and the stock topped out at $26.22 for the day. The stock traded down to $25.63 during the day, due to lack of any buying support eventually closed down at $25.96 with a loss of -0.38% for the day. The stock had closed at $26.06 on the previous day. The total traded volume was 5,255,219 shares.

Also, Drexel Hamilton maintains its rating on Cabot Oil & Gas Corporation (NYSE:COG). The global brokerage major raises the current price target from $31 per share to $35 per share. Analysts at the Drexel Hamilton have a current rating of Buy on the shares. The rating by the firm was issued on August 15, 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.

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