Is Now The Right Time To Invest In Cabot Oil & Gas Corporation (COG) and Whiting Petroleum Corp (WLL)?
New York, NY – GDP INSIDER – 03/20/2015.
This article discusses two companies: Cabot Oil & Gas Corporation (NYSE:COG) and Whiting Petroleum Corp (NYSE:WLL)
Cabot Oil & Gas Corporation (NYSE:COG) continued its downward trend yesterday with the stock declining a further 0.56% or $0.16 to close at $28.32 with more than 5.900 million shares trading hands. The independent crude oil, natural gas and natural gas liquid producer and distributor has been steadily declining for the last 52 weeks, losing 19.33% and so far this year, it has already lost 4.87% compared to the S&P 500 which is up 1.48% 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 only declining -3.90% year on year despite lower oil revenues, the company can still meet its one year target estimate of $34.56 if prices rise, but still better to sell for now.
Whiting Petroleum Corp (NYSE:WLL) continued to fall back slightly from Wednesday’s three month high of $41.57, to close down 2.15% or $0.88 at $40.07 on relatively light trading of 5.540 million shares when compared to its three month average trading volume of 8.635 million. The company, which is mainly based in the Mid-Continent, Rocky Mountains and Gulf Coast regions, is managing to buck the overall downward trend of most companies in the batter oil and gas sector, by increasing its share price by 20.26% so far this year. Whiting Petroleum Corp is also enjoying increased investor interest as it has indicated that it is actively exploring options to sell the entire company to the right investor, which has helped keep the share price higher. If it can find the right buyer, then the stock could easily reach or exceed its current one year target estimate of $45.97, making it a solid hold and a speculative gain.
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