Cabot Oil & Gas Corporation is an independent oil and gas company that develops, exploits, and explores oil and gas properties located in North America. The company holds interests Appalachian Basin, onshore Gulf Coast, including south and east Texas and north Louisiana, the Rocky Mountains and the Anadarko Basin as well as in the deep gas basin of Western Canada.

The company shows weak financial elements. In fact the share is trading 92 times FY earnings estimates, according to Thomson Reuters’ consensus. In add analysts have revised downward EPS for the next two financial years to USD 0.45 and USD 0.83.

Technically, the share is in neutral trend in the mid-term and in bullish trend in the short-term. For the past few trading sessions, technical indicators show an overbought signals. For this reason we forecast that bullish trend will be stopped by mid-term resistance of USD 41.4.
Both technical pattern and financial elements leave space for bearish scenario in the short-term. For this reason we suggest a short position in order to aim USD 34.8. A stop loss order will be placed above USD 41.4, in order to cover the position.