Cabot Oil & Gas Corporation (COG) has risen sharply, recording gains of 1.62% in the past 4 weeks. However, the stock has corrected -1.49% in the past 1 week, providing a good buying opportunity on dips. Cabot Oil & Gas Corporation (COG) : During the past 4 weeks, traders have been relatively bearish on Cabot Oil & Gas Corporation (COG), hence the stock is down -2.63% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.94% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.02% and the 50-Day Moving Average is 1.68%.
Cabot Oil & Gas Corporation (NYSE:COG): The stock opened at $25.45 on Friday but the bulls could not build on the opening and the stock topped out at $25.48 for the day. The stock traded down to $24.96 during the day, due to lack of any buying support eventually closed down at $25.06 with a loss of -0.60% for the day. The stock had closed at $25.21 on the previous day. The total traded volume was 2,783,230 shares.
The company Insiders own 1.8% of Cabot Oil & Gas Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.12% . Institutional Investors own 96.21% of Cabot Oil & Gas Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -15.12%. In a related news,The Officer (Vice Pres. & General Counsel) of CABOT OIL & GAS CORP, Cunningham George Kevin sold 6,178 shares at $25.32 on June 21, 2016. The Insider selling transaction had a total value worth of $156,427. The Insider information was disclosed 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.