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

Cabot Oil & Gas Corporation (COG) : The value of composite uptick trades was $12.41 million, whereas, the value of composite downtick trades was $16.98 million. The uptick to downtick ratio stood at 0.73 with a negative money flow of ($4.56) Million during Mondays trading session. The block trades money flow was negative ($4.69 million).The uptick to the downtick ratio of 0.19 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $1.13 million. The transaction of the trades on downticks amounted to $5.83 million, which confirms investors selling on the strength of price. Cabot Oil & Gas Corporation (COG) gained 52 cents at $25.08, an increase of 2.12% over the previous days close.


Shares of Cabot Oil & Gas Corporation rose by 1.64% in the last five trading days and 1.48% for the last 4 weeks. Cabot Oil & Gas Corporation is up 6.99% in the last 3-month period. Year-to-Date the stock performance stands at 44.02%.

Cabot Oil & Gas Corporation (NYSE:COG): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.20 and $25.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.41, notching a gain of 1.32% for the day. The total traded volume was 3,861,709 . The stock had closed at $25.08 on the previous day.

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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