How Does Cabot Oil & Gas Corporation (COG) Stack Up Right Now?

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 $23.85, up from yesterday’s close by 1.10%. 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

Cabot Oil & Gas Corporation (COG) currently trades with a market capitalization of $10.96 Billion. That value represents a market adjusting for revenues that have been falling by -8.62 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $189.11 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.19 on a per share basis this quarter. Perhaps, that suggests something about why 1.84% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Cabot Oil & Gas Corporation recorded a 52-week high of $29.57. It is now trading 5.72% off that level. The stock is trading $23.27 its 50-day moving average by -0.58%. The stock carved out a 52-week low down at $21.71.

In recent action, Cabot Oil & Gas Corporation (COG) has made a move of +2.80% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.57, 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 5.60% with $444.51 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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