Should You Buy Cabot Oil & Gas Corporation (CTRA) Stock on Friday?

Cabot Oil & Gas Corporation (CTRA) stock is down 9.03% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Cabot Oil & Gas Corporation has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CTRA!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CTRA Stock Today?

Cabot Oil & Gas Corporation (CTRA) stock is trading at $20.26 as of 1:59 PM on Friday, Oct 15, a decline of -$0.49, or -2.36% from the previous closing price of $20.75. The stock has traded between $20.23 and $21.10 so far today. Volume today is low. So far 5,695,245 shares have traded compared to average volume of 16,842,707 shares. To see InvestorsObserver's Sentiment Score for Cabot Oil & Gas Corporation click here.

More About Cabot Oil & Gas Corporation

Houston-based Cabot Oil & Gas is an independent exploration and production company with operations in Appalachia. At year-end 2020, Cabot's proved reserves were 13.7 trillion cubic feet of equivalent, with net production that year of approximately 2,344 million cubic feet of natural gas per day. All of Cabot's production is Marcellus dry natural gas. Click Here to get the full Stock Report for Cabot Oil & Gas Corporation stock.