Fundamental Analysis
Cabot Oil & Gas Corporation (COG) currently trades with a market capitalization of $12.96 Billion. That value represents a market adjusting for revenues that have been growing by 24.16 % 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 $141.84 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.15 on a per share basis this quarter. Perhaps, that suggests something about why 98.71% 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 $29.57. It is now trading 1.82% off that level. The stock is trading $27.38 its 50-day moving average by -0.37%. The stock carved out a 52-week low down at $20.55.
In recent action, Cabot Oil & Gas Corporation (COG) has made a move of -2.84% 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 16.84, 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 3.60% with $455.64 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of COG.
