On Thursday, Cabot Oil & Gas Corporation [NYSE:COG] has a current price of $18.51, coming out to a daily percentage change of 0.11% with a 52-week range of $13.06 – $22.67.
Other data for the company is as follows:
- Stochastic %K of 58.35
- Weighted Alpha of 6.3
Analysts have the price target for Cabot Oil & Gas Corporation [COG] at 22.19. Daily swings are between $18.03 and $18.52.
Wait and see
Holding a Market Cap of $7.30 billion, Cabot Oil & Gas Corporation has seen a trading range over the last year of $13.06-$22.67.
For the last five days, COG is up from its last closing price. The average shares trading hands each day is 4.55M, with average 10-day volume coming in at 4.6 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for COG. When we apply the Elder Force Index to Cabot Oil & Gas Corporation, we are seeing an Elder Force Indicator number of 16681.78.
The recent performance of the stock is another area that can tell traders how to proceed. COG is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 10.75. Moreover, the company’s enterprise value has gone from $7.90B to $7.91B quarter-over-quarter. This could be an inflection point for the company, but either way we believe you should be adding them to your watchlist.
In the last quarter, COG made a profit of 53.72 million. Cabot Oil & Gas Corporation also saw quarter revenue growth year over year of -7.38%. In addition, the company has operating cash flow of $875.19 million.
Looking at popular technical indicators, the company’s 5-day moving average is 18.11 compared to the 50-day moving average of 18.52. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. COG currently holds a 9-day RSI of 55.60%, while 100-day RSI stands at 49.81%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. COG’s 9-day MACD is 0.69 and the company’s 100-day MACD stands at -0.39.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 2.05% by insiders and 100.06% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 11.46%, while the second top holder, Aristotle Capital Management, LLC, currently owns 9.23%.
Over the last six months, insiders have sold 54,230 with the most recent transaction from Cunningham George Kevin, Vice Pres. & General Counsel, with a sell at price 18.71 per share.
Overall, the recommended rating for COG is Moderate Buy. Currently, the company has 22 analysts watching the stock, and the average quarterly earnings estimate is 0.07. Quarterly revenue estimates are averaging 350.19M with the high estimate reaching 443.06M and the low at 288.19M.
To review, the current 1-year target estimate is sitting at 22.19, while the current price 18.51. Based on this, we expect the stock to rise considering the aforementioned fundamentals.