Coterra Energy Inc. (NYSE:CTRA) saw a downside of -0.72% to close Tuesday at $27.60 after subtracting -$0.2 on the day. The 5-day average trading volume is 7,179,080 shares of the company’s common stock. It has gained $28.13 in the past week and touched a new high 4 times within the past 5 days. An average of 6,112,895 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,970,766.
CTRA’s 1-month performance is 8.15% or $2.36 on its low of $25.05 reached on 07/10/23. The company’s shares have touched a 52-week low of $22.25 and high of $31.38, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, CTRA has achieved 14.03% or $3.03 and has reached a new high 21 times. However, the current price is down -12.06% from the 52-week high price.
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Insider Transactions
CTRA stock investors last saw insider trading activity on Mar 21.DeShazer Michael D. (VP – Business Units) most recently sold 20,824 shares at $24.10 per share on Mar 21. This transaction cost the insider $501,858. Director, HELMERICH HANS, sold 5,000 shares at a price of $27.64 on Dec 01.
Valuation Metrics
CTRA stock has a beta of 0.29. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.30 while the price-to-book (PB) in the most recent quarter is 1.67, with the price to cash flow ratio at 12.12.
Coterra Energy Inc.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.17, while the total debt to equity was 0.17.. In terms of profitability, the gross margin trailing 12 months is 88.40%. The trailing 12-month EBITDA margin is 77.54% while for the period ending June 29, Coterra Energy Inc.’s operating margin was 58.10%. The firm’s gross profit as reported stood at $5.21 billion against revenue of $9.05 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 10.19% to $677.0 million, while revenue of $1.03 billion was -52.44% off the previous quarter. Analysts expected CTRA to announce $0.34 per share in earnings in its latest quarter, but it posted $0.39, representing a 14.70% surprise. EBITDA for the quarter stood at more than $1.24 billion. CTRA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.5 billion, with total debt at $2.58 billion. Shareholders hold equity totaling $757.45 million.
Let’s look briefly at Coterra Energy Inc. (CTRA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 61.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.31%.
The stock’s 5-day moving average is $27.54, reflecting a unch or $unch change from its current price. CTRA is currently trading +4.59% above its 20-day SMA, +21.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.16% and SMA200 by-8.37%.
Stochastic %K and %D was 77.49% and 82.20% and the average true range (ATR) pointed at 0.67. The RSI (14) points at 62.21%, while the 14-day stochastic is at 69.39% with the period’s ATR at 0.64. The stock’s 9-day MACD Oscillator is pointing at 0.19 and 0.37 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Coterra Energy Inc. (NYSE: CTRA), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for CTRA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CTRA as a “sell,”, while 18 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is CTRA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $25.00 and a high of $39.00, with their median price target at $29.00. Looking at these predictions, the average price target given by analysts is for Coterra Energy Inc. (CTRA) stock is $30.16.
