Cabot Corporation (NYSE:CBT) Closed 6.9% Above Its 50 Day Moving Average

Marco Green
October 18, 2017

Traders are feeling more bearish on Cabot Corporation recently if you pay attention to the rise in short interest. The stock now has Monthly Volatility of 1.76% and Weekly Volatility of 1.88%. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/10/17/40206-shares-in-cabot-oil-gas-corporation-cog-acquired-by-piedmont-investment-advisors-llc.html. Stifel Financial Corp bought a new position in shares of Cabot Corporation during the second quarter valued at $302,000.

Comerica Bank increased Cabot Corp (CBT) stake by 14% reported in 2017Q2 SEC filing. Institutional investors and hedge funds own 84.28% of the company's stock. The stock increased 0.24% or $0.14 on October 13, reaching $58.73. The stock traded on unusually knock down volume of 6.53 Million comparing to the average volume of 5039.09 shares, completing picture of exact trends with uncompleted dots in volume over the norm. The stock is now moving below its 20-Day Simple Moving Average of -2.37% with a 50-Day Simple Moving Average of -0.14 percent. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 16.45 and a beta of 1.09.

Cabot Oil & Gas Corporation (NYSE:COG) ended its day at $25.69 with the rising stream of -1.19% and its total traded volume was 4.99 million shares less than the average volume.

The Blackstone Group L.P. (BX) have shown a high EPS growth of 45.00% in the last 5 years and has earnings rose of 50.40% yoy. Cabot Oil & Gas Corporation had a negative net margin of 10.95% and a positive return on equity of 4.68%. The business's revenue was up 86.6% on a year-over-year basis. Analysts expect next quarter's EPS will be $0.89 with next year's EPS projected to be $3.75. In order to determine directional movement, the 50-day and 200-day moving averages for Cabot Oil & Gas Corporation (NYSE:COG) are $26.23 and $24.61.

ILLEGAL ACTIVITY NOTICE: "Goldman Sachs Group Inc". Roemer Todd M also sold $90,136 worth of Cabot Oil & Gas Corporation (NYSE:COG) shares. If you are viewing this news story on another website, it was copied illegally and republished in violation of United States & worldwide trademark and copyright laws. Float is the proportion of issued also outstanding shares that can be liberally traded, nothing like locked-up insider holdings or restricted employee shares. The stock presently has a consensus rating of "Buy" and an average price target of $29.67. Zacks Investment Research raised Cabot Corporation from a "sell" rating to a "hold" rating in a research note on Wednesday, August 16th.

On August 15 the stock rating was upgraded from "Neutral" to "Overweight" in an announcement from JP Morgan. BidaskClub downgraded Cabot Corporation from a "buy" rating to a "hold" rating in a research note on Monday, July 31st.

07/18/2017 - Cabot Oil & Gas Corporation had its "hold" rating reiterated by analysts at Williams Capital. The average analysts gave this company a mean recommendation of 2.20. The stock price hovered in an intraday range of $25.66- $26.11.

As of the end of the quarter Patten & Patten Inc/tn had sold 700 shares trimming its holdings by 3.4%. Following the completion of the transaction, the insider now directly owns 27,736 shares in the company, valued at approximately $1,480,825.04.

While under theory that management are shareholders, many value investors look for stocks with a high percent of insider ownership, because they will act in its own self interest, as well create shareholder value in the long-term.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER