Large Outflow of Money Witnessed in Cabot Oil & Gas Corporation

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 (11.87 million) in Cabot Oil & Gas Corporation (COG). On Wednesday, The value of composite uptick trades was $25.6 million, whereas, the value of composite downtick trades was $37.46 million and the ratio between the two was 0.68, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $15.22 million. $5.09 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.33. The negative money flow of ($10.13 million) shows selling on strength. Cabot Oil & Gas Corporation (COG) gained $1.15 intraday at $25.49 and registrered 4.72% for the week.


Shares of Cabot Oil & Gas Corporation rose by 0.99% in the last five trading days and 1.31% for the last 4 weeks. Cabot Oil & Gas Corporation is up 0.48% in the last 3-month period. Year-to-Date the stock performance stands at 44.48%.

Cabot Oil & Gas Corporation (COG) : Zacks Investment Research ranks Cabot Oil & Gas Corporation (COG) as 3, which is a Hold recommendation. 14 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 1.67, which indicates as a Buy.

Cabot Oil & Gas Corporation (NYSE:COG): The stock opened at $24.59 and touched an intraday high of $25.6 on Wednesday. During the day, the stock corrected to an intraday low of $24.4, however, the bulls stepped in and pushed the price higher to close in the green at $25.49 with a gain of 4.72% for the day. The total traded volume for the day was 8,310,127. The stock had closed at $24.34 in the previous trading session.

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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