Currently, there are 751.00M common shares owned by the public and among those 730.79M shares have been available to trade.
The company’s stock has a 5-day price change of 3.36% and 0.66% over the past three months. CTRA shares are trading 7.25% year to date (YTD), with the 12-month market performance up to 7.46% higher. It has a 12-month low price of $23.73 and touched a high of $29.89 over the same period. CTRA has an average intraday trading volume of 5.93 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 1.93%, -0.27%, and 2.37% respectively.
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Institutional ownership of Coterra Energy Inc (NYSE: CTRA) shares accounts for 89.08% of the company’s 751.00M shares outstanding.
It has a market capitalization of $20.37B and a beta (3y monthly) value of 0.24. The stock’s trailing 12-month PE ratio is 15.96, while the earnings-per-share (ttm) stands at $1.71. The company has a PEG of 1.23 and a Quick Ratio of 1.46 with the debt-to-equity ratio at 0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.31% over the week and 1.81% over the month.
Earnings per share for the fiscal year are expected to decrease by -9.63%, and 46.61% 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 June 14, 2024, with the firm’s price target at $34. Truist coverage for the Coterra Energy Inc (CTRA) stock in a research note released on May 16, 2024 offered a Buy rating with a price target of $35. Barclays was of a view on April 10, 2024 that the stock is Overweight, while BofA Securities gave the stock Buy rating on January 05, 2024, issuing a price target of $31. Wells Fargo on their part issued Overweight rating on December 14, 2023.
