Large Inflow of Money Witnessed in Cabot Oil & Gas Corporation

Cabot Oil & Gas Corporation (COG): $2.05 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 1.32. The value of trades done on upticks was $8.37 million, whereas, trades done on downticks were valued at $6.32 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.71 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $1.71 million. Cabot Oil & Gas Corporation (COG) fell $0.33 traded at $25.52, a change of -1.26% over the previous day. The stock is -1.22% for the week.


Cabot Oil & Gas Corporation (COG) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $31 and the lowest price target forecast is $20. The average forecast of all the analysts is $26.81 and the expected standard deviation is $3.51. The stock has recorded a 20-day Moving Average of 1% and the 50-Day Moving Average is 4.1%.

Cabot Oil & Gas Corporation (NYSE:COG): The stock opened at $26.16 on Thursday but the bulls could not build on the opening and the stock topped out at $26.21 for the day. The stock traded down to $24.96 during the day, due to lack of any buying support eventually closed down at $25.42 with a loss of -1.63% for the day. The stock had closed at $25.84 on the previous day. The total traded volume was 4,924,068 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.

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