Cabot Oil & Gas Corporation [NYSE: COG] loss -3.65% or -0.58 points to close at $15.33 with a heavy trading volume of 14757558 shares. The company report on June 1, 2021 that SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates CORE, COG, ARPO, SBBP; Shareholders are Encouraged to Contact the Firm.
Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:.
Core-Mark Holding Company, Inc. (NASDAQ: CORE) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Performance Food Group Company. Under the terms of the merger, Core-Mark shareholders will receive $23.875 per share in cash and 0.44 Performance Food shares for each Core-Mark share. Upon closing, Core-Mark shareholders will own approximately 13% of the combined company. If you are a Core-Mark shareholder, click here to learn more about your rights and options.
It opened the trading session at $15.75, the shares rose to $15.85 and dropped to $15.28, the range by which the price of stock traded the whole day. The daily chart for COG points out that the company has recorded -9.93% loss over the past six months. However, it is still 2.73% lower than its most recent low trading price.
If we look at the average trading volume of 8.73M shares, COG reached to a volume of 14757558 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Cabot Oil & Gas Corporation [COG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COG shares is $21.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COG stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Johnson Rice have made an estimate for Cabot Oil & Gas Corporation shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 08, 2021. The new note on the price target was released on April 23, 2021, representing the official price target for Cabot Oil & Gas Corporation stock. Previously, the target price had yet another drop from $20 to $19, while BMO Capital Markets kept a Market Perform rating on COG stock.
The Average True Range (ATR) for Cabot Oil & Gas Corporation is set at 0.53, with the Price to Sales ratio for COG stock in the period of the last 12 months amounting to 4.13. The Price to Book ratio for the last quarter was 2.65, with the Price to Cash per share for the same quarter was set at 0.42. Price to Free Cash Flow for COG in the course of the last twelve months was 41.37 with Quick ratio for the last quarter at 1.30.
Trading performance analysis for COG stock
Cabot Oil & Gas Corporation [COG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.28. With this latest performance, COG shares dropped by -14.83% in over the last four-week period, additionally sinking by -9.93% over the last 6 months – not to mention a drop of -18.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COG stock in for the last two-week period is set at 29.51, with the RSI for the last a single of trading hit 21.46, and the three-weeks RSI is set at 34.47 for Cabot Oil & Gas Corporation [COG]. The present Moving Average for the last 50 days of trading for this stock 16.95, while it was recorded at 16.32 for the last single week of trading, and 17.79 for the last 200 days.
Cabot Oil & Gas Corporation [COG]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Cabot Oil & Gas Corporation [COG] shares currently have an operating margin of +16.70 and a Gross Margin at +24.20. Cabot Oil & Gas Corporation’s Net Margin is presently recorded at +14.27.
Return on Total Capital for COG is now 6.91, given the latest momentum, and Return on Invested Capital for the company is 6.16. Return on Equity for this stock inclined to 9.18, with Return on Assets sitting at 4.39. When it comes to the capital structure of this company, Cabot Oil & Gas Corporation [COG] has a Total Debt to Total Equity ratio set at 52.69. Additionally, COG Total Debt to Total Capital is recorded at 34.51, with Total Debt to Total Assets ending up at 25.52. Long-Term Debt to Equity for the company is recorded at 44.03, with the Long-Term Debt to Total Capital now at 28.83.
Reflecting on the efficiency of the workforce at the company, Cabot Oil & Gas Corporation [COG] managed to generate an average of $398,666 per employee. Receivables Turnover for the company is 5.02 with a Total Asset Turnover recorded at a value of 0.31.Cabot Oil & Gas Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.
Cabot Oil & Gas Corporation [COG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Cabot Oil & Gas Corporation posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 150.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cabot Oil & Gas Corporation go to 40.83%.
An analysis of insider ownership at Cabot Oil & Gas Corporation [COG]
There are presently around $5,846 million, or 98.90% of COG stock, in the hands of institutional investors. The top three institutional holders of COG stocks are: VANGUARD GROUP INC with ownership of 45,419,430, which is approximately 4.938% of the company’s market cap and around 1.70% of the total institutional ownership; ARISTOTLE CAPITAL MANAGEMENT, LLC, holding 43,078,002 shares of the stock with an approximate value of $660.39 million in COG stocks shares; and STATE STREET CORP, currently with $492.1 million in COG stock with ownership of nearly 11.272% of the company’s market capitalization.
Positions in Cabot Oil & Gas Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 207 institutional holders increased their position in Cabot Oil & Gas Corporation [NYSE:COG] by around 32,030,853 shares. Additionally, 262 investors decreased positions by around 39,759,590 shares, while 83 investors held positions by with 309,526,898 shares. The mentioned changes placed institutional holdings at 381,317,341 shares, according to the latest SEC report filing. COG stock had 57 new institutional investments in for a total of 2,708,089 shares, while 76 institutional investors sold positions of 7,669,184 shares during the same period.