Here’s what’s interesting to note about Cabot Oil & Gas Corporation (NYSE:COG) right now: Its price-to-sales ratio of 5.52, is cheap relative to the Oil & Gas Production universe at large. The broad Oil & Gas Production industry has an average P/S ratio of 77.53, which is significantly worse than the sector’s 10.36. In the past 13-year record, this ratio went down as low as 2.19 and as high as 11.47. Also, it is down from 74% of the total 402 rivals across the globe.
COG traded at an unexpectedly low level on 02/11/2019 when the stock experienced a 1.92% gain to a closing price of $24.41. The company saw 4238999 shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 4566900 shares a day, this signifies a pretty significant change over the norm.
Cabot Oil & Gas Corporation (COG) Analyst Gushes
Analysts are speculating a 43.38% move, based on the high target price ($35) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $27.97 price target, but the stock is already up 16.54% from its recent lows. However, the stock is trading at -10.91% versus recent highs ($27.4). Analysts believe that we could see stock price minimum in the $22 range (lowest target price), allowing for another -9.87% drop from its current position. Leading up to this report, we have seen a 1.2% rise in the stock price over the last 30 days and a -4.16% decline over the past 3 months. Overall, the share price is up 9.22% so far this year.
Cabot Oil & Gas Corporation (COG) Price Potential
Heading into the stock price potential, Cabot Oil & Gas Corporation needs to grow just 14.71% to cross its median price target of $28. In order to determine directional movement, the 50-day and 200-day moving averages for Cabot Oil & Gas Corporation (NYSE:COG) are $24.39 and $23.92. Given that liquidity is king in short-term, COG is a stock with 427.04 million shares outstanding that normally trades 8.69% of its float. The stock price recently experienced a 5-day loss of -1.93% with 0.66 average true range (ATR). COG has a beta of 0.63 and RSI is 46.29.
Investors also need to beware of the Parsley Energy, Inc. (NYSE:PE) valuations. The stock trades on a P/S of 3.32, which suggests that the shares are attractive compared with peers. The broad Oil & Gas Production industry has an average P/S ratio of 77.53, which is significantly worse than the sector’s 10.36. In the past 7-year record, this ratio went down as low as 2.46 and as high as 15.03. Also, it is down from 75% of the total 402 rivals across the globe.
Parsley Energy, Inc. (PE)’s Lead Over its Technicals
Parsley Energy, Inc. by far traveled 27.31% versus a 1-year low price of $14.17. The share price was last seen 2.27% higher, reaching at $18.04 on Feb. 08, 2019. At recent session, the prices were hovering between $17.38 and $18.125. This company shares are 57.26% off its target price of $28.37 and the current market capitalization stands at $5.79B. The recent change has given its price a 0.41% lead over SMA 50 and -46.04% deficit over its 52-week high. The stock witnessed -5.1% declines, -28.41% declines and -39.79% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PE’s volatility during a week at 3.76% and during a month it has been found around 3.37%.
Parsley Energy, Inc. (NYSE:PE) Intraday Metrics
Parsley Energy, Inc. (PE) exchanged hands at an unexpectedly low level of 3504290 shares over the course of the day. Noting its average daily volume at 4559240 shares each day over the month, this signifies a pretty significant change over the norm.
Parsley Energy, Inc. Target Levels
The market experts are predicting a 210.42% rally, based on the high target price ($56) for Parsley Energy, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $19 range (lowest target price). If faced, it would be a 5.32% jump from its current position. Overall, the share price is up 12.89% year to date.
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