Is Momentum Waning From KAR Auction Services, Inc. (KAR), Cabot Oil & Gas Corporation (COG)? – The RNS Daily

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KAR Auction Services, Inc. (NYSE:KAR)’s beta now stands at 1.14 and when compared to its 200-day moving average and its 50-day moving average, KAR price stands 0.56% above and 10% above respectively. The stock dropped by -14.14% or -$9.13 from its last recorded high of $64.55 which it attained on August 22 to close at $55.42 per share. Over the past 52 weeks, the shares of KAR Auction Services, Inc. has been trading as low as $43.32 before witnessing a massive surge by 27.93% or $12.1. This price movement has led to the KAR stock receiving more attention and has become one to watch out for. It jumped by 2.35% on Tuesday and this got the market excited. Its average daily volatility for this week is 1.97% which is more than the 1.8% recorded over the past month.

KAR Auction Services, Inc. (KAR) rose 6.03% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 3.07% and is now up by 16.14% since start of this year. A look at its monthly performance shows that the stock has recorded a 14.1% gain over the past 30 days. Its equity price climbed by 10.4% over the past three months which led to its overall six-month decrease to stand at -1.91%.

A look at KAR technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 69.85 point. Its trading volume has added 2729246 shares compared to readings over the past three months as it recently exchanged 4409246 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1680000 shares, and this is 2.62 times the normal volume.

The price of Cabot Oil & Gas Corporation (NYSE:COG) currently stands at $27.43 after it went up by $0.07 or 0.26% and has found a strong support at $27.22 a share. If the COG price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $27.01 mark would also be bad for the stock as it means that the stock would plunge by 1.53% from its current position. However, if the stock price is able to trade above the resistance point around $27.59, then it could likely surge higher to try and break the upward resistance which stands at $27.75 a share. Its average daily volatility over the past one month stands at 1.92%. The stock has plunged by 0.95% from its 52-weeks high of $27.17 which it reached on Apr. 15, 2019. In general, it is 23.66% above its 52-weeks lowest point which stands at $20.94 and this setback was observed on Oct. 25, 2018.

Analysts have predicted a price target for Cabot Oil & Gas Corporation (COG) for 1 year and it stands at an average $28.36/share. This means that it would likely increase by 3.39% from its current position. The current price of the stock has been moving between $27.17 and $27.54. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $21. On the other hand, one analyst is super bullish about the price, setting a target as high as $36.

The COG stock Stochastic Oscillator (%D) is at 83.7%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 5.24 which compares to the 99.85 recorded by the industry or the 12.82 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 14.88, which is lower than the 22.26 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 13% over the past five years.

Analysts view Cabot Oil & Gas Corporation (NYSE:COG) as a Hold, with 2.5 consensus rating. Reuters surveyed 29 analysts that follow COG and found that 13 of those analysts rated the stock as a Hold. The remaining 16 were divided, with 14 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Cabot Oil & Gas Corporation (COG) shares or sell it if they already own it.

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