As of Friday close, Coterra Energy Inc.’s (NYSE:CTRA) stock was down -$0.13, moving down -0.47 percent to $27.57. The average number of shares traded per day over the past five days has been 5,826,660 shares. 4 times new highs have been achieved over the past 5 days, with a $0.16 gain in that time frame. In the last twenty days, the average volume was 5,760,870, while in the previous 50 days, it was 6,866,698.
Since last month, CTRA stock rose 11.08%. Shares of the company fell to $24.33 on 07/06/23, the lowest level in the past month. A 52-week high of $31.38 was reached on 08/04/23 after having rallying from a 52-week low of $22.25. Since the beginning of this year, CTRA’s stock price has risen by 13.90% or $3.00, and marked a new high 20 times. However, the stock has declined by -12.15% since its 52-week high.
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CTRA stock investors should be aware that Coterra Energy Inc. (CTRA) stock had its last reported insider trading activity 137 days ago on Mar 21. DeShazer Michael D., the VP – Business Units of the company, disposed of 20,824 shares for $24.10 on Mar 21. It resulted in a $501,858 divestment by the insider. HELMERICH HANS sold 5,000 shares at an average price of $27.64 on Dec 01. The insider now owns 225,755 shares following the transaction.
Valuation Metrics
Right now, Coterra Energy Inc. (CTRA) has a P/E ratio of about 5.29. The stock’s beta is 0.29. Besides these, the trailing price-to-sales (P/S) ratio of 2.25, the price-to-book (PB) ratio of 1.67, and the price-to-cash flow ratio of 11.86 may also be considered.
The latest dividend of $0.20 per share was paid out, which is -64.91% less than last year’s $0.57. On Wednesday May 3 2023, a $0.37 dividend decrease was announced.
Financial Health
In the three months ended March 30, Coterra Energy Inc.’s quick ratio stood at 1.60, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.17, and the total debt-to-equity ratio was 0.17. On the profitability front, the trailing twelve-month gross margin is 88.40% percent. In the year ended March 30, EBITDA margin amounted to 77.54%, whereas operating margins totaled 58.10%. Based on annual data, CTRA earned $5.21 billion in gross profit and brought in $9.05 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 27.80%. Return on equity (ROE) for the past 12 months was 32.90%.
In Coterra Energy Inc.’s quarter-end financial report for March 30, it reported total debt of $2.18 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CTRA’s revenue rose 5.51% to $2.28 billion during the quarter, while net income inched up to $1.78 billion. While analysts expected Coterra Energy Inc. to report $0.7 quarterly earnings, the actual figure was $0.87 per share, beating the consensus estimate by 24.30%. During the quarter, the company generated $1.24 billion in EBITDA. The liabilities of Coterra Energy Inc. were 7.5 billion at the end of its most recent quarter ended March 30, and its total debt was $2.58 billion. The value of shareholders’ equity is $757.45 million.
Technical Picture
This quick technical analysis looks at Coterra Energy Inc.’s (CTRA) price momentum. With a historical volatility rate of 19.83%, the RSI 9-day stood at 63.74% on 04 August.
With respect to its five-day moving average, the current Coterra Energy Inc. price is up by +0.58% percent or $0.16. At present, CTRA shares trade +9.23% above its 20-day simple moving average and +12.67% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.98% above its SMA50 and -4.67% below its SMA200.
Stochastic coefficient K was 83.26% and Stochastic coefficient D was 87.12%, while ATR was 0.58. Given the Stochastic reading of 81.54% for the 14-day period, the RSI (14) reading has been calculated as 63.36%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 0.32.
Analyst Ratings
JP Morgan upgraded its rating on Coterra Energy Inc. (NYSE: CTRA) to an Overweight in a note to investors on June 27, 2023. The analysts firm previously had a Neutral rating on the stock.Coterra Energy Inc. (CTRA) has been rated Overweight by analysts. According to 0 brokerage firms, CTRA is a sell, and 18 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Coterra Energy Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $29.00, the current consensus forecast for the stock is $25.00 – $39.00. Based on these forecasts, analysts predict Coterra Energy Inc. (CTRA) will achieve an average price target of $30.12.
