With over 4.95 million Coterra Energy Inc (CTRA) shares trading Monday and a closing price of $26.27 on the day, the dollar volume was approximately $130.05 million. The shares have shown a positive half year performance of 8.37% and its price on 11/27/23 lost nearly -1.87%. Currently, there are 768.24M common shares owned by the public and among those 738.03M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 28 analysts who have offered their price forecasts for CTRA have a consensus price objective of $32.78. The analysts have set the share’s price value over the next 12 months at a high of $42.00 and a low of $27.00. The average price target is 19.86% above its recent price level and an upside to the estimated low will see the stock gain 2.7% over that period. But an upside of 37.45% will see the stock hit the forecast high price target while median target price for the stock is $31.00.
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Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 1,294,556 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 1,681,931 shares.
Shares of Coterra Energy Inc (NYSE: CTRA) opened at $26.59, down -$0.18 from a prior closing price of $26.77. The company’s stock has a 5-day price change of -1.79% and -5.81% over the past three months. CTRA shares are trading 8.53% year to date (YTD), with the 12-month market performance down to -3.17% lower. It has a 12-month low price of $22.25 and touched a high of $29.89 over the same period. CTRA has an average intraday trading volume of 6.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.21%, -4.35%, and 0.91% respectively.
Institutional ownership of Coterra Energy Inc (NYSE: CTRA) shares accounts for 91.50% of the company’s 768.24M shares outstanding.
It has a market capitalization of $19.76B and a beta (3y monthly) value of 0.30. The stock’s trailing 12-month PE ratio is 9.08, while the earnings-per-share (ttm) stands at $2.89. The company has a PEG of 0.22 and a Quick Ratio of 1.01 with the debt-to-equity ratio at 0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.96% over the week and 2.23% over the month.
Analysts forecast that Coterra Energy Inc (CTRA) will achieve an EPS of $0.66 for the current quarter, $0.8 for the next quarter and $2.97 for 2024. The lowest estimate earnings-per-share for the quarter is $0.56 while analysts give the company a high EPS estimate of $0.85. Comparatively, EPS for the current quarter was $1.16 a year ago. Earnings per share for the fiscal year are expected to decrease by -51.85%, and 22.35% over the next financial year. EPS should shrink at an annualized rate of 40.83% over the next five years, compared to 87.35% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 28 brokerage firm advisors rate Coterra Energy Inc (CTRA) as a “Moderate Buy” at a consensus score of 2.11. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 14 of the 28 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CTRA, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on October 24, 2023, with the firm’s price target at $34.
