The price-to-earnings ratio for Coterra Energy Inc (NYSE: CTRA) is above average at 15.59x, Company’s 36-month beta value is 0.24.Analysts have differing opinions 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 730.79M, and currently, short sellers hold a 2.73% ratio of that floaft. The average trading volume of CTRA on June 17, 2024 was 6.13M shares.
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CTRA) stock’s latest price update
The stock of Coterra Energy Inc (NYSE: CTRA) has decreased by -1.51 when compared to last closing price of 27.14. Despite this, the company has experienced a -3.08% fall in its stock price over the last five trading sessions. businesswire.com reported 2024-06-13 that HOUSTON–(BUSINESS WIRE)–Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today announced that Thomas E. Jorden, Chairman, Chief Executive Officer and President, will participate in a fireside chat at the J.P. Morgan Energy, Power and Renewables Conference. The fireside chat will begin at 8:00 AM ET on Tuesday, June 18, 2024. A live webcast of the presentation will be available on the “Events & Presentations” page under the “Investors” section of the Company’s website at www.c.
CTRA’s Market Performance
Coterra Energy Inc (CTRA) has seen a -3.08% fall in stock performance for the week, with a -3.88% decline in the past month and a 1.17% surge in the past quarter. The volatility ratio for the week is 2.55%, and the volatility levels for the past 30 days are at 2.04% for CTRA. The simple moving average for the past 20 days is -3.65% for CTRA’s stock, with a -0.34% simple moving average for the past 200 days.
Analysts’ Opinion of CTRA
Many brokerage firms have already submitted their reports for CTRA stocks, with BofA Securities repeating the rating for CTRA by listing it as a “Buy.” The predicted price for CTRA in the upcoming period, according to BofA Securities is $34 based on the research report published on June 14, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see CTRA reach a price target of $35, previously predicting the price at $27. The rating they have provided for CTRA stocks is “Buy” according to the report published on May 16th, 2024.
Barclays gave a rating of “Overweight” to CTRA, setting the target price at $36 in the report published on April 10th of the current year.
CTRA Trading at -3.98% 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 -10.57% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.55%, as shares sank -4.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.75% lower at present.
During the last 5 trading sessions, CTRA fell by -3.08%, which changed the moving average for the period of 200-days by -4.71% in comparison to the 20-day moving average, which settled at $27.68. In addition, Coterra Energy Inc saw 4.74% 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 18.8.
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 4.05. 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
In a nutshell, Coterra Energy Inc (CTRA) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
