The Cabot Oil & Gas Corporation (NYSE:COG) is going down by -4.57% in today’s trading session, a fall equivalent to -0.78% of the stock’s price from yesterday’s market close. The lowest point that the shares touched during the trading session was $16.98, while the peak of the day was recorded at a share price of $17.57. COG finished the previous session at $16.99 according to the data provided by Barchart, while the trading volume was observed to be $3,285,415.
In the 100 days of trading, COG managed to top a 24.02% Moving average. Additionally, Cabot Oil & Gas Corporation shares have achieved a 52-week range between 16.82 and 27.65 alongside 100 days raw stochastic set at 0.35%.
The number of shares outstanding, according to the fundamentals of the company, is set at 425.62M, equal to the value of $7.23B in market capitalization. Financial analysts indicate that COG shares should be still ranked as a “Outperform”. In the last 30 days, Cabot Oil & Gas Corporation shares went down by -32.33%, adding 23.94 to growth in value, on top of a +0.25% boost since 07/12/19.
Cabot Oil & Gas Corporation (NYSE:COG) Analyst’s Estimates
Cabot Oil & Gas Corporation (COG) could record at least $0.31 per share in quarterly earnings in the upcoming report on 10/25/2019, a number that would actually represent a decrease of -10.03% YOY.
According to the average analyst rating, Cabot Oil & Gas Corporation would be rated as 2.42. Out of 31 different analysts monitoring COG stock, 4 analysts rate the stock as a BUY, 13 suggest to give the rating of HOLD, 12 indicate that COG is an OUTPERFORM, 0 rated the stock as a SELL, and 2 analyst believes that the stock should be rated as UNDERPERFORM.
On Aug-02-19, the stock earned a Upgrade rating due to a new analyst call from Tudor Pickering, while analysts from MKM Partners believe that the stock is set at Buy from Neutral, as concluded on Jul-29-19. Wells Fargo, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on Jul-08-19.
Jefferies, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jan-07-19, giving the stock a Buy from the Hold rating.
COG Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +40.20% has been attained, while the operating margin has been recorded at +34.64%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 11.59%. Beta value of the stock is recorded at 0.52. Additionally, Cabot Oil & Gas Corporation is recording price volatility of 3.12% for the period of the last seven days and 2.98% in the last 30 days.
Cabot Oil & Gas Corporation (NYSE:COG) Technical Outlook
For the period of the last 50 days, Cabot Oil & Gas Corporation had its Raw Stochastic average set at 0.41% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 0.62%. Stochastic %K for Cabot Oil & Gas Corporation, with the last 20 days included, was set at 3.72%, having Stochastic %D topping 6.31%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Cabot Oil & Gas Corporation stocks with recording -28.13% in metrics.
Cabot Oil & Gas Corporation Insider Watch:
As far as the position of shares issued by Cabot Oil & Gas Corporation (NYSE:COG) for the period concluded at the market close of 08/13/19, 308 institutional investors increased their positions in COG shares by 57,337,310, 247 decreased positions by 59,693,052 and 79 institutional investors decided to hold positions at 312,162,959. These numbers put the complete list of institutional holdings set at 429,193,321 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 85 institutional investments with 12,379,513 new shares in addition to having 66 institutional investors selling their positions in 19,122,505 shares.