Watching Coterra Energy Inc. (CTRA) For Insider Activity

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Coterra Energy Inc. (NYSE:CTRA) finished Thursday with a subtraction of -$0.64 to close at $28.04, a downside of -2.23 percent. An average of 9,783,200 shares of common stock have been traded in the last five days. There was a fall of -$2.73 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 7,322,990 shares traded, while the 50-day average volume stands at 7,206,090.

CTRA stock has decreased by -7.49% in the last month. The company shares reached their 1-month lowest point of $27.86 on 09/19/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $17.52 and a high of $35.93 in 52 weeks. It has reached a new high 24 times so far this year and achieved 54.95% or $9.04 in price. In spite of this, the price is down -21.95% from the 52-week high.


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Insider Transactions

108 days have passed since Coterra Energy Inc. (CTRA) last reported insider trading activity. BELL STEPHEN P, who is EVP – Business Development, most recently acquired $36,327 shares at $35.41 per share on Jun 07. In this transaction, the insider spent $1,286,339. Sr Vice Pres, Production & Ops, Lindeman Steven W, disposed of 50,000 shares at a price of $35.55 on May 26. The insider now owns more than $1,777,500 worth of shares. Prior to that, Sr VP & General Counsel Barron Francis Brian went on to Sale 10,000 shares at $33.52 each on May 25. An amount of $335,200 was transacted.

Valuation Metrics

Coterra Energy Inc. (CTRA) has a trailing price-to-earnings (P/E) ratio of 7.85. The stock’s beta is 0.07. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.45, the price-to-book (PB) ratio at 1.85, and the price-to-cash flow ratio at 42.26.

The company has a payout ratio of 19.80%. The company’s most recent quarterly dividend payment was $0.15 a share, representing a down of -75.0% from $0.60 last year. Its latest decrease dividend $0.45 reported on Wednesday August 3 2022.

Financial Health

The quick ratio of Coterra Energy Inc. for the three months ended June 29 was 1.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.25 and a total debt to equity ratio of 0.26 for the quarter ending June 29. Its gross profit as reported stood at $1.56 billion compared to revenue of $3.45 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Coterra Energy Inc.’s return on assets was 17.30%.

Earnings Surprise

For the three-month period that ended June 29, Coterra Energy Inc. had $2.98 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.23 billion in the quarter, while revenues were grew 97.52%. The analyst consensus anticipated Coterra Energy Inc.’s latest quarter earnings to come in at $1.23 per share, but it turned out to be $1.35, a 9.80% surprise. For the quarter, EBITDA amounted to $2.01 billion. Shareholders own equity worth $795.6 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Coterra Energy Inc. (CTRA) price momentum. RSI 9-day as of the close on 22 September was 36.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.67%.

As of today, CTRA’s price is $28.66 -8.87% or -$2.73 from its 5-day moving average. CTRA is currently trading -10.33% lower than its 20-day SMA and -2.61% lower than its 100-day SMA. However, the stock’s current price level is +3.32% above the SMA50 and +42.77% above the SMA200.

The stochastic %K and %D were 14.90% and 18.68%, respectively, and the average true range (ATR) was 1.24. With the 14-day stochastic at 3.90% and the average true range at 1.23, the RSI (14) stands at 41.25%. The stock has reached -1.13 on the 9-day MACD Oscillator while the 14-day reading was at -1.05.

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