Are You Looking To Buy Coterra Energy Inc. (CTRA)? First, Read This

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Coterra Energy Inc. (NYSE:CTRA) finished Thursday with an addition of $0.15 to close at $24.52, an upside of 0.62 percent. An average of 6,875,220 shares of common stock have been traded in the last five days. There was a fall of -$0.55 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 11,139,570 shares traded, while the 50-day average volume stands at 10,176,362.

CTRA stock has decreased by -12.65% in the last month. The company shares reached their 1-month lowest point of $23.86 on 12/20/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $17.19 and a high of $35.25 in 52 weeks. It has reached a new high 24 times so far this year and achieved 38.10% or $5.52 in price. In spite of this, the price is down -30.44% from the 52-week high.


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Insider Transactions

CTRA stock investors should be aware that Coterra Energy Inc. (CTRA) stock had its last reported insider trading activity 29 days ago on Dec 01. In this transaction, the insider spent $138,218. EVP – Business Development, BELL STEPHEN P, disposed of 36,327 shares at a price of $35.41 on Jun 07. The insider now owns more than $1,286,339 worth of shares. Prior to that, Sr Vice Pres, Production & Ops Lindeman Steven W went on to Sale 50,000 shares at $35.55 each on May 26. An amount of $1,777,500 was transacted.

Valuation Metrics

Coterra Energy Inc. (CTRA) has a trailing price-to-earnings (P/E) ratio of 4.99. The stock’s beta is 0.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.09, the price-to-book (PB) ratio at 1.53, and the price-to-cash flow ratio at 14.03.

The company has a payout ratio of 15.20%. The company’s most recent quarterly dividend payment was $0.68 a share, representing a up of 353.33% from $0.15 last year. Its latest increase dividend $0.53 reported on Thursday November 3 2022.

Financial Health

The quick ratio of Coterra Energy Inc. for the three months ended June 29 was 1.60, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.18 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 19.50%.

Earnings Surprise

For the three-month period that ended June 29, Coterra Energy Inc. had $2.19 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.2 billion in the quarter, while revenues of $1.23 billion were grew 94.76%. 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 $1.91 billion. Shareholders own equity worth $788.47 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 29 December was 41.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.23%.

As of today, CTRA’s price is $24.84 -2.19% or -$0.55 from its 5-day moving average. CTRA is currently trading -12.15% lower than its 20-day SMA and -11.86% lower than its 100-day SMA. However, the stock’s current price level is -16.71% below the SMA50 and +4.65% above the SMA200.

The stochastic %K and %D were 48.52% and 55.39%, respectively, and the average true range (ATR) was 0.82. With the 14-day stochastic at 36.67% and the average true range at 0.87, the RSI (14) stands at 40.95%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.03.

Analyst Ratings

Truist downgraded Coterra Energy Inc. (NYSE: CTRA) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Coterra Energy Inc. (CTRA) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell CTRA, while 16 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

What is CTRA’s price target for the next 12 months?

Analysts predict a range of price targets between $23.00 and $48.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for Coterra Energy Inc. (CTRA) stock is $34.04.

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