Midday Update: Cabot Oil & Gas Corporation (COG) Charges Ahead 3.04% on August 18

Cabot Oil & Gas Corporation (COG) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector during morning trading on August 18. At the lunch break, shares of COG have gained 3.04% to $25.77 after closing the day prior at $25.01. In the first two and a half hours of trading, the stock has gone as high as $25.81 and as low as $25.06. Today's rise has come with about 1.71 million shares changing hands, compared to an average 30-day volume of 5.02 million for Cabot Oil & Gas Corporation. The price is currently below the 30-day volume weighted average price of $25.49 for COG.

The share appreciation gives the company a market capitalization of $11.63 billion based upon 465.15 million shares outstanding. It also means that COG has a price-to-book ratio of 4.05:1.

In the past 52 weeks, shares of COG have traded as low as $14.88 and as high as $26.58. Technical traders will take note that at $25.77, shares of COG are trading above their 200-day MA at $21.8 and above their 50-day MA at $24.86. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is COG?

Cabot Oil & Gas Corp is an independent oil and gas company engaged in the development and exploration of oil and gas properties located in North America. The company’s 624 employees are led by CEO Dan O. Dinges from the corporate headquarters at 840 Gessner Road in Houston, TX.

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