Stocks Reaffirm To Gain Attentions: Cabot Oil & Gas (NYSE:COG), PayPal Holdings (NASDAQ:PYPL)

Cabot Oil & Gas Corporation (NYSE:COG) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -0.36% to close at $22.45 with the total traded volume of 8.76 Million shares. Cabot Oil & Gas Corporation (COG) declared that financial and operating results for the fourth quarter and full-year ended December 31, 2016. Equivalent production growth of four percent year-over-year. Proved reserves growth of five percent year-over-year including proved developed reserves growth of 16 percent.

Total company all-sources finding and development costs of $0.37 per thousand cubic feet equivalent (Mcfe) and Marcellus-only all-sources finding and development costs of $0.26 per thousand cubic feet (Mcf). Generated positive free cash flow (cash flow from operating activities less capital expenditures) for the full-year. Improved operating expenses per unit by eight percent and cash operating expenses per unit by 11 percent year-over-year. Reduced outstanding debt by $497 million and ended the year with approximately $2.2 billion of liquidity. Surged Marcellus estimated ultimate recovery (EUR) per 1,000 feet of lateral to 4.4 billion cubic feet (Bcf)

“Our 2016 performance demonstrates Cabot’s ability to deliver strong operational and financial results despite lower commodity prices for the majority of the year,” said Dan O. Dinges, Chairman, President and Chief Executive Officer. “The Company delivered production and reserves growth while spending within operating cash flow during a year in which we realized record-low natural gas prices, highlighting Cabot’s world-class asset base and the consistent execution by our employees.” Dinges added, “Based on our current outlook for 2017, we anticipate another year of production and reserves growth while generating positive free cash flow.” The firm has institutional ownership of 96.50%, while insider ownership included 1.10%. Its price to sales ratio ended at 9.36. COG attains analyst recommendation of 2.30 with week’s performance of -2.90%.

PayPal Holdings, Inc. (NASDAQ:PYPL) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 1.27% to $43.07. Pomerantz LLP reported that a class action lawsuit has been filed against PayPal Holdings, Inc. (PYPL), eBay, Inc. (EBAY), and certain of the companies’ officers.

The class action, filed in United States District Court, Northern District of California, and docketed under 16-cv-07371 is on behalf of a class consisting of all persons or entities who: (1) purchased or otherwise acquired eBay securities on the open market on or after December 19, 2013 and subsequently received PayPal securities pursuant to eBay’s spin-off of PayPal, effective as of July 17, 2015; and/or (2) purchased or otherwise acquired PayPal securities on the open market between July 20, 2015 and April 28, 2016, both dates inclusive, seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. § 78 et seq., against eBay, PayPal, and certain of their top officials. The share price of PYPL attracts active investors, as stock price of week volatility recorded 1.58%. The stock is going forward to its 52-week low with 26.68% and lagging behind from its 52-week high price with -3.26%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

Leave a Reply

Your email address will not be published. Required fields are marked *