Coterra Energy Inc (NYSE: CTRA) has seen a rise in its stock price by 3.79 in relation to its previous close of 27.16. However, the company has experienced a -0.35% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Favorable commodity prices are likely to have aided the upstream business. Let’s see how EOG Resources (EOG), ConocoPhillips (COP) and Coterra Energy (CTRA) are placed ahead of Q1 earnings.
Is It Worth Investing in Coterra Energy Inc (NYSE: CTRA) Right Now?
Coterra Energy Inc (NYSE: CTRA) has a higher price-to-earnings ratio of 16.44x compared to its average ratio. CTRA has 36-month beta value of 0.20. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CTRA is 737.92M, and currently, short sellers hold a 2.43% ratio of that float. The average trading volume of CTRA on May 06, 2024 was 6.79M shares.
CTRA’s Market Performance
The stock of Coterra Energy Inc (CTRA) has seen a -0.35% decrease in the past week, with a -0.60% drop in the past month, and a 14.83% gain in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are at 2.17% for CTRA. The simple moving average for the past 20 days is 1.49% for CTRA’s stock, with a 5.29% simple moving average for the past 200 days.
Analysts’ Opinion of CTRA
Many brokerage firms have already submitted their reports for CTRA stocks, with Barclays repeating the rating for CTRA by listing it as a “Overweight.” The predicted price for CTRA in the upcoming period, according to Barclays is $36 based on the research report published on April 10, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see CTRA reach a price target of $31. The rating they have provided for CTRA stocks is “Buy” according to the report published on January 05th, 2024.
Wells Fargo gave a rating of “Overweight” to CTRA, setting the target price at $30 in the report published on December 14th of the previous year.
CTRA Trading at 3.55% from the 50-Day Moving Average
After a stumble in the market that brought CTRA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.69% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares sank -0.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.06% upper at present.
During the last 5 trading sessions, CTRA fell by -0.35%, which changed the moving average for the period of 200-days by +6.38% in comparison to the 20-day moving average, which settled at $27.77. In addition, Coterra Energy Inc saw 10.46% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CTRA starting from Roemer Todd M, who sale 55,000 shares at the price of $27.06 back on Mar 20 ’24. After this action, Roemer Todd M now owns 176,758 shares of Coterra Energy Inc, valued at $1,488,300 using the latest closing price.
DeShazer Michael D., the VP – Business Units of Coterra Energy Inc, sale 14,000 shares at $26.06 during a trade that took place back on Mar 01 ’24, which means that DeShazer Michael D. is holding 93,988 shares at $364,840 based on the most recent closing price.
Stock Fundamentals for CTRA
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.36 for the gross margin
The net margin for Coterra Energy Inc stands at 0.24. The total capital return value is set at 0.08. Equity return is now at value 10.10, with 6.33 for asset returns.
Based on Coterra Energy Inc (CTRA), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 1.09. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 19.8.
Currently, EBITDA for the company is 3.56 billion with net debt to EBITDA at 0.53. When we switch over and look at the enterprise to sales, we see a ratio of 4.29. The receivables turnover for the company is 6.08for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
To put it simply, Coterra Energy Inc (CTRA) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
