• Return to Headlines

Shares of Cabot Oil & Gas Has Risen Above Previous 52-Week High

By Shiri Gupta

Cabot Oil & Gas (NYSE:COG) traded at a new 52-week high today of $27.08. Approximately 931,000 shares have changed hands today, as compared to an average 30-day volume of 6.4 million shares.

Cabot Oil & Gas (NYSE:COG) has potential upside of 7.1% based on a current price of $26.98 and analysts' consensus price target of $28.90. The stock should find initial support at its 50-day moving average (MA) of $22.54 and further support at its 200-day MA of $21.55.

Cabot Oil & Gas Corporation is an independent oil and gas company that develops, exploits, and explores oil and gas properties located in North America. The Company holds interests Appalachian Basin, onshore Gulf Coast, including south and east Texas and north Louisiana, the Rocky Mountains and the Anadarko Basin as well as in the deep gas basin of Western Canada.

Cabot Oil & Gas share prices have moved between a 52-week high of $27.08 and a 52-week low of $20.02 and are now trading 35% above that low price at $26.98 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Cabot Oil & Gas on June 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.19. Since that recommendation, shares of Cabot Oil & Gas have risen 11.1%. We continue to monitor COG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows cabot oil & gas

Ticker(s): COG