In the past week, CTRA stock has gone down by -5.78%, with a monthly decline of -9.67% and a quarterly plunge of -10.57%. The volatility ratio for the week is 2.09%, and the volatility levels for the last 30 days are 1.81% for Coterra Energy Inc The simple moving average for the past 20 days is -8.04% for CTRA’s stock, with a -8.91% simple moving average for the past 200 days.
Is It Worth Investing in Coterra Energy Inc (NYSE: CTRA) Right Now?
Coterra Energy Inc (NYSE: CTRA) has a price-to-earnings ratio that is above its average at 14.16x. The stock has a 36-month beta value of 0.22. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CTRA is 730.79M, and at present, short sellers hold a 1.81% of that float. On August 02, 2024, the average trading volume of CTRA was 5.97M shares.
CTRA) stock’s latest price update
The stock price of Coterra Energy Inc (NYSE: CTRA) has dropped by -4.37 compared to previous close of 25.40. Despite this, the company has seen a fall of -5.78% in its stock price over the last five trading days. zacks.com reported 2024-08-01 that Coterra Energy (CTRA) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.39 per share a year ago.
Analysts’ Opinion of CTRA
Many brokerage firms have already submitted their reports for CTRA stocks, with Wolfe Research repeating the rating for CTRA by listing it as a “Outperform.” The predicted price for CTRA in the upcoming period, according to Wolfe Research is $35 based on the research report published on July 18, 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 $34. The rating they have provided for CTRA stocks is “Buy” according to the report published on June 14th, 2024.
Truist gave a rating of “Buy” to CTRA, setting the target price at $35 in the report published on May 16th of the current year.
CTRA Trading at -9.92% 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 -18.74% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares sank -7.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.55% lower at present.
During the last 5 trading sessions, CTRA fell by -5.57%, which changed the moving average for the period of 200-days by -16.66% in comparison to the 20-day moving average, which settled at $26.32. In addition, Coterra Energy Inc saw -4.82% in overturn over a single year, with a tendency to cut further losses.
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 3.71. 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 sum up, Coterra Energy Inc (CTRA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
