How Does The Future Look For Cabot Oil & Gas Corporation (COG) and Zendesk Inc (ZEN)
New York, NY – GDP INSIDER – 04/09/2015.
This article discusses three companies: Cabot Oil & Gas Corporation (NYSE:COG) and Zendesk Inc (NYSE:ZEN)
Cabot Oil & Gas Corporation (NYSE:COG) declined yesterday with the stock losing 0.39% or $0.12 to close at $30.67 with 2.71 million shares trading hands compared to its 30 day average trading volume of 5.66 million. The independent crude oil, natural gas and natural gas liquid producer and distributor has been steadily declining for the last 52 weeks, losing 10.03% compared to the S&P 500 which is up 11.20% over the same period. However, it has gained 3.58% so far this year compared to the S&P 500 which is up 1.12% since the beginning of the year. Like most companies in the sector, Cabot Oil & Gas Corporation is suffering from the decline in oil prices and lack of investor confidence in the sector as a whole, but is still performing better than many of its competitors. With quarterly revenue growth (yoy) of 26.80% despite lower oil revenues, the company can still meet its one year target estimate of $34.69 if prices rise, but still better to sell for now.
Zendesk Inc (NYSE:ZEN) continued to climb yesterday with the stock closing up 0.62% or fourteen cents to finish the day at $22.64 on lower than average trading volume of 0.551 million, compared to its 30 day average trading volume of 0.688 million. The stock, which traded within a range of $22.41 to $23.96 during yesterday’s trading, currently situated 104.70% above its one year low of $11.06 and 19.72% below its one year high of $28.20. Zendesk Inc has been doing well over the last 12 months, gaining 48.46% and outperforming the S&P 500 index, which is only up 10.87% for the same period. The RSI of 44.69 indicates the stock is not overvalued at the current levels, the MFI of 64.06 shows that money is flowing in the right direction and still has room to improve. With quarterly revenue growth of 71.10% year on year and consensus target estimate of $29.33, the US-based software development company is a potential investment if you buy at the right time.
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