Overall market sentiment has been high on Cabot Oil & Gas Corporation (COG) stock lately. COG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
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 COG Stock Today?
Cabot Oil & Gas Corporation (COG) stock is trading at $21.16 as of 10:55 AM on Monday, Aug 10, a gain of $0.58, or 2.82% from the previous closing price of $20.58. The stock has traded between $20.56 and $21.34 so far today. Volume today is low. So far 2,062,153 shares have traded compared to average volume of 4,960,679 shares.
To see the top 5 stocks in the Oil & Gas E&P industry 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 2019, Cabot's proved reserves were 12.9 trillion cubic feet of equivalent, with net production of approximately 2,500 million cubic feet of natural gas per day. All of Cabot's production is Marcellus dry natural gas.
