Cabot Oil & Gas Corporation (COG) is priced at $18.98 after the most recent trading session. At the very opening of the session, the stock price was $18.60 and reached a high price of $19.28, prior to closing the session it reached the value of $18.32. The stock touched a low price of $18.60.Recently in News on September 8, 2021, Cabot Oil & Gas Commences Private Exchange Offers and Cimarex Energy Commences Consent Solicitations. Cabot Oil & Gas Corporation (NYSE: COG) (“Cabot”) and Cimarex Energy Co. (NYSE: XEC) (“Cimarex”) today announced that, in connection with the anticipated merger of Cimarex and a wholly owned subsidiary of Cabot, Cabot has commenced offers to eligible holders (as defined herein) to exchange (each an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by Cimarex as set forth in the table below (the “Existing Cimarex Notes”) for (1) up to $2,000,000,000 aggregate principal amount of new notes issued by Cabot (the “New Cabot Notes”) and (2) cash. You can read further details here
Cabot Oil & Gas Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $19.55 on 03/11/21, with the lowest value was $14.28 for the same time period, recorded on 08/19/21.
Cabot Oil & Gas Corporation (COG) full year performance was 4.06%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Cabot Oil & Gas Corporation shares are logging -6.64% during the 52-week period from high price, and 32.91% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $14.28 and $20.33.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 9461335 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Cabot Oil & Gas Corporation (COG) recorded performance in the market was 16.58%, having the revenues showcasing 12.24% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 7.67B, as it employees total of 503 workers.
Specialists analysis on Cabot Oil & Gas Corporation (COG)
During the last month, 7 analysts gave the Cabot Oil & Gas Corporation a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 13 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 16.63, with a change in the price was noted +2.58. In a similar fashion, Cabot Oil & Gas Corporation posted a movement of +15.73% for the period of last 100 days, recording 8,667,909 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for COG is recording 0.45 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.41.
Trends and Technical analysis: Cabot Oil & Gas Corporation (COG)
Raw Stochastic average of Cabot Oil & Gas Corporation in the period of last 50 days is set at 94.00%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 94.00%. In the last 20 days, the company’s Stochastic %K was 93.71% and its Stochastic %D was recorded 95.21%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 16.58%. Additionally, trading for the stock in the period of the last six months notably improved by 0.11%, alongside a boost of 4.06% for the period of the last 12 months. The shares increased approximately by 6.57% in the 7-day charts and went down by 17.96% in the period of the last 30 days. Common stock shares were driven by 12.24% during last recorded quarter.