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Cabot Oil & Gas(COG - Get Report) is an independent oil and gas company engaged in the development, exploitation and exploration of oil and gas properties located in the U.S. This stock is trading up 7% at $86.06 in recent trading after hitting a 52-week high of $86.25 earlier in the day.
Today's Range: $82.51-$86.25
52-week Range: $33.13-$86.25
Three-Month Average Volume: 2,365,610
Cabot Oil & Gas has a market cap of $8.96 billion and an enterprise value of $9.54 billion. The stock trades at a trailing price-to-earnings of 62.56 and a forward price-to-earnings of 30.72. Its estimated growth rate for this year is 35.7%, and for next year it's pegged at 109.8%. The current short interest as a percentage of the float for COG is pretty low at 3.7%.
From a technical standpoint, this stock is triggering a big breakout today now that shares are clearing some past overhead resistance of $81.44 and $84.80. Traders should now look for COG to make a run at $100 in the near-term if this break out can hold above $84.80 and if volume starts to get stronger. So far today, this breakout is coming on lighter-than-average volume.
Cabot shows up on a recnet list of
6 S&P 500 Stocks Poised to Outperform the Index.