Coterra Energy Inc (CTRA) Volatility Spurs A Quest For Clarity

Currently, there are 751.00M common shares owned by the public and among those 737.77M shares have been available to trade.

The company’s stock has a 5-day price change of 1.73% and 10.89% over the past three months. CTRA shares are trading 10.89% year to date (YTD), with the 12-month market performance up to 17.72% higher. It has a 12-month low price of $22.91 and touched a high of $29.89 over the same period. CTRA has an average intraday trading volume of 7.06 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 4.97%, 9.82%, and 6.97% respectively.

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Institutional ownership of Coterra Energy Inc (NYSE: CTRA) shares accounts for 89.69% of the company’s 751.00M shares outstanding.

It has a market capitalization of $21.26B and a beta (3y monthly) value of 0.21. The stock’s trailing 12-month PE ratio is 13.30, while the earnings-per-share (ttm) stands at $2.13. The company has a PEG of 1.02 and a Quick Ratio of 1.18 with the debt-to-equity ratio at 0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.76% over the week and 1.76% over the month.

Analysts forecast that Coterra Energy Inc (CTRA) will achieve an EPS of $0.44 for the current quarter, $0.38 for the next quarter and $2.98 for 2025. The lowest estimate earnings-per-share for the quarter is $0.29 while analysts give the company a high EPS estimate of $0.56. Comparatively, EPS for the current quarter was $0.87 a year ago. Earnings per share for the fiscal year are expected to decrease by -14.95%, and 54.54% over the next financial year. EPS should grow at an annualized rate of 13.00% over the next five years, compared to 11.36% 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. Wells Fargo coverage for the Coterra Energy Inc (CTRA) stock in a research note released on December 14, 2023 offered a Overweight rating with a price target of $30. UBS was of a view on December 14, 2023 that the stock is Buy, while Citigroup gave the stock Buy rating on December 11, 2023, issuing a price target of $28- $30. Raymond James on their part issued Outperform rating on October 24, 2023.

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