Shares of Cabot Oil & Gas Corporation (COG) Sees Large Outflow of Money

Cabot Oil & Gas Corporation (COG) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (10.14 million) in Cabot Oil & Gas Corporation (COG). On Tuesday, The value of composite uptick trades was $14.6 million, whereas, the value of composite downtick trades was $24.75 million and the ratio between the two was 0.59, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $17.64 million. $8.19 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.46. The negative money flow of ($9.44 million) shows selling on strength. Cabot Oil & Gas Corporation (COG) gained $0.11 intraday at $25.27 and registrered 0.44% for the week.


Also, In the latest statement by the brokerage house, Drexel Hamilton maintains its outlook on Cabot Oil & Gas Corporation (NYSE:COG). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $31 per share to $35 per share. The rating by the firm was issued on August 15, 2016.

Cabot Oil & Gas Corporation has dropped 4.5% in the last five trading days, however, the shares have posted positive gains of 4.76% in the last 4 weeks. Cabot Oil & Gas Corporation is up 0.77% in the last 3-month period. Year-to-Date the stock performance stands at 40.79%.

Cabot Oil & Gas Corporation (NYSE:COG): The stock opened at $25.32 on Tuesday but the bulls could not build on the opening and the stock topped out at $25.41 for the day. The stock traded down to $24.76 during the day, due to lack of any buying support eventually closed down at $24.84 with a loss of -1.27% for the day. The stock had closed at $25.16 on the previous day. The total traded volume was 7,326,495 shares.

In a related news, Cunningham George Kevin, Officer (Vice Pres. & General Counsel) of CABOT OIL & GAS CORP, unloaded 6,178 shares at an average price of $25.32 on June 21, 2016. The total amount of the transaction was worth $156,427, according to the disclosed information 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.

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