Coterra Energy Inc (NYSE: CTRA): Stock That Needs Special Handling

Currently, there are 768.24M common shares owned by the public and among those 738.85M shares have been available to trade.

Insiders at the company have transacted a total of 28 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 800,980 shares. Insider sales of the common stock occurred on 7 occasions, with total insider shares sold totaling 789,186 shares.

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The company’s stock has a 5-day price change of 1.74% and -8.17% over the past three months. CTRA shares are trading -3.57% year to date (YTD), with the 12-month market performance up to 2.55% higher. 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 1.03 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.49%, -2.21%, and -6.01% respectively.

Institutional ownership of Coterra Energy Inc (NYSE: CTRA) shares accounts for 89.60% of the company’s 768.24M shares outstanding.

It has a market capitalization of $18.51B and a beta (3y monthly) value of 0.19. The stock’s trailing 12-month PE ratio is 8.50, while the earnings-per-share (ttm) stands at $2.89. The company has a PEG of 0.21 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 1.50% over the week and 1.70% over the month.

Analysts forecast that Coterra Energy Inc (CTRA) will achieve an EPS of $CTRU for the current quarter, $19.68 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Corteva, Inc. while analysts give the company a high EPS estimate of $Kintara Therapeutics, Inc.. Comparatively, EPS for the current quarter was $Atara Biotherapeutics, Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -54.01%, and -6.69% 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.

Looking at the support for the CTRA, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on January 05, 2024, with the firm’s price target at $31.

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