The stock of Coterra Energy Inc. (NYSE:CTRA) increased by $0.21 on Monday to $27.95, up 0.78 percent. The last five days have seen an average of 4,089,392 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $3.38. The average number of shares traded over the last 20 days was 5,830,298, while the average volume over the last 50 days totaled 6,286,275.
CTRA stock appreciated 1.99% since last month. On 08/08/23, the company’s shares reached a one-month low of $26.41. The stock touched a high of $31.38 on 08/09/23, after rallying from a low of $22.25 in 52 weeks. The price of CTRA stock has risen by 15.49% or $3.38 this year, reaching a new high 22 times. Still, the stock price is down -10.93% 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 160 days ago on Mar 21. On Mar 21, VP – Business Units DeShazer Michael D. sold 20,824 shares at $24.10 each. This transaction resulted in the insider making $501,858. On Dec 01, HELMERICH HANS sold 5,000 shares at a price of US$27.64. After the transaction, the insider now owns 225,755 shares.
Valuation Metrics
Coterra Energy Inc. (CTRA) has a trailing price-to-earnings (P/E) ratio of 7.04. Beta for the stock is 0.29. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.73, the price-to-book (PB) ratio of 1.67, and the price-to-cash flow ratio of 6.32.
Company paid $0.20 per share in dividends, remained unchanged from $0.20 last year. A $0.37 dividend decrease was reported on Wednesday May 3 2023.
Financial Health
For the three months ended June 30, Coterra Energy Inc.’s quick ratio was 1.70, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 30 is 0.17, and the total debt to equity ratio is 0.17. As far as profitability goes, gross margin for the trailing twelve months is 86.00% percent. Coterra Energy Inc.’s EBITDA margin for the year ended June 30 was 77.54%, whereas its operating margin stood at 51.30% for the same period. Based on annual data, it had gross profit of $5.21 billion and revenue of $9.05 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CTRA’s return on assets (ROA) during the last 12 months has been 15.40%. There was a 27.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 24.60%.
Earnings Surprise
According to Coterra Energy Inc.’s quarterly financial report for the quarter that ended June 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.19 billion, while revenues fell by -117.05% to $1.78 billion. It was predicted that Coterra Energy Inc.’s quarterly earnings would be $0.39, but it ended up being $0.34, beating the consensus by 14.70%. EBITDA was $665.0 million for the quarter. At the end of Coterra Energy Inc.’s most recent quarter ended June 30, its liabilities totaled 7.22 billion, while its total debt was $2.56 billion. Equity owned by shareholders amounts to $755.05 million.
Technical Picture
Here’s a quick look at Coterra Energy Inc.’s (CTRA) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 56.13%, suggesting the stock is Neutral, with a 14.32% historical volatility rate.
The stochastic %K and %D were 49.87% and 52.36% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 40.80%, the RSI (14) reading is 57.39%. On the 9-day MACD Oscillator, the stock is at 0.00, and the 14-day reading is at -0.05.
Analyst Ratings
In its most recent analyst report, Piper Sandler raised its rating on Coterra Energy Inc. (NYSE: CTRA) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Coterra Energy Inc. (CTRA) an Overweight rating. CTRA is a stock that is recommended for selling by 0 brokerage firms, while 17 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 11 others recommend it as a buy.
What is CTRA’s price target for the next 12 months?
The current consensus forecast for the stock is between $26.00 and $42.00, with a median target price of $31.00. In analyzing these forecasts, the average price target given by analysts for Coterra Energy Inc. (CTRA) is $31.88.
