Cabot Oil & Gas Corporation (COG) has risen sharply, recording gains of 2.27% in the past 4 weeks. However, the stock has corrected -2.81% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.49% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.16% and the fifty day Moving Average is 1.11%. Cabot Oil & Gas Corporation is up 6.95% in the last three month period. Year-to-Date the stock performance stands at 43%.
Cabot Oil & Gas Corporation (COG) : Average target price received by Cabot Oil & Gas Corporation (COG) is $29 with an expected standard deviation of $3.67. The most aggressive target on the stock is $35, whereas the most downbeat target is $22. 16 financial analysts are currently covering the stock.
Cabot Oil & Gas Corporation (NYSE:COG): On Fridays trading session , Opening price of the stock was $25.51 with an intraday high of $25.85. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $25.09. However, the stock managed to close at $25.23, a loss of 0.67% for the day. On the previous day, the stock had closed at $25.4. The total traded volume of the day was 5,259,747 shares.
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.