Coterra Energy Inc. (NYSE:CTRA) finished Thursday with an addition of $0.17 to close at $27.80, an upside of 0.62 percent. An average of 5,328,260 shares of common stock have been traded in the last five days. There was a fall of -$0.13 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 6,064,165 shares traded, while the 50-day average volume stands at 6,517,172.
CTRA stock has increased by 2.39% in the last month. The company shares reached their 1-month lowest point of $26.41 on 08/08/23. With the stock rallying to its 52-week high on 08/09/23, shares of the company touched a low of $22.25 and a high of $31.38 in 52 weeks. It has reached a new high 22 times so far this year and achieved 14.85% or $3.23 in price. In spite of this, the price is down -11.42% from the 52-week high.
Insider Transactions
CTRA stock investors should be aware that Coterra Energy Inc. (CTRA) stock had its last reported insider trading activity 157 days ago on Mar 21. In this transaction, the insider spent $501,858. Director, HELMERICH HANS, disposed of 5,000 shares at a price of $27.64 on Dec 01. The insider now owns more than $138,218 worth of shares.
Valuation Metrics
Coterra Energy Inc. (CTRA) has a trailing price-to-earnings (P/E) ratio of 7.00. The stock’s beta is 0.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.73, the price-to-book (PB) ratio at 1.66, and the price-to-cash flow ratio at 6.32.
The company has a payout ratio of 65.00%. The company’s most recent quarterly dividend payment was $0.20 a share, without any change from last year. Its latest decrease dividend $0.37 reported on Wednesday May 3 2023.
Financial Health
The quick ratio of Coterra Energy Inc. for the three months ended June 29 was 1.70, 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 0.17 for the quarter ending June 29. Coterra Energy Inc.’s EBITDA margin for the year ending June 29 is 77.54%, while its operating margin for the same period stands at 51.30%. Its gross profit as reported stood at $5.21 billion compared to revenue of $9.05 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 15.40%.
Earnings Surprise
For the three-month period that ended June 29, Coterra Energy Inc. had $2.17 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 $209.0 million in the quarter, while revenues were shrunk -488.04%. The analyst consensus anticipated Coterra Energy Inc.’s latest quarter earnings to come in at $0.34 per share, but it turned out to be $0.39, a 14.70% surprise. For the quarter, EBITDA amounted to $665.0 million. Shareholders own equity worth $755.05 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 24 August was 53.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.14%.
As of today, CTRA’s price is $27.86 -0.47% or -$0.13 from its 5-day moving average. CTRA is currently trading +3.08% higher than its 20-day SMA and +13.28% higher than its 100-day SMA. However, the stock’s current price level is +12.32% above the SMA50 and -3.91% below the SMA200.
The stochastic %K and %D were 54.67% and 58.89%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 55.60% and the average true range at 0.59, the RSI (14) stands at 55.80%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.
Analyst Ratings
Piper Sandler upgraded Coterra Energy Inc. (NYSE: CTRA) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Coterra Energy Inc. (CTRA) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CTRA, while 17 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 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 $26.00 and $42.00, with a median target of $31.00. Taking a look at these predictions, the average price target given by analysts for Coterra Energy Inc. (CTRA) stock is $31.84.
