Drilling Down Into Cabot Oil & Gas Corporation (COG)

Cabot Oil & Gas Corporation (COG) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $26.39, down from yesterday’s close by -0.15%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. Cabot Oil & Gas Corporation (COG) currently trades with a market capitalization of $12.24 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For COG, the company currently has $516.53 Million of cash on the books. You can get a sense of how sustainable that is by a levered free cash flow of $165.99 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.1 on a per share basis this quarter. Perhaps, that suggests something about why 98.22% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Cabot Oil & Gas Corporation recorded a 52-week high of $27.14. It is now trading 0.75% off that level. The stock is trading $25.65 its 50-day moving average by -0.74%. The stock carved out a 52-week low down at $20.02.

In recent action, Cabot Oil & Gas Corporation (COG) has made a move of -0.94% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.45, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.41% with $455.65 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of COG.

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