Coterra Energy Inc (CTRA) concluded trading on Wednesday at a closing price of $23.68, with 3.95 million shares of worth about $93.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -16.80% during that period and on October 23, 2024 the price saw a gain of about 0.68%. Currently the company’s common shares owned by public are about 751.00M shares, out of which, 725.83M shares are available for trading.
Stock saw a price change of -0.25% in past 5 days and over the past one month there was a price change of -0.34%. Year-to-date (YTD), CTRA shares are showing a performance of -7.21% which decreased to -16.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.30 but also hit the highest price of $28.90 during that period. The average intraday trading volume for Coterra Energy Inc shares is 5.73 million. The stock is currently trading -1.93% below its 20-day simple moving average (SMA20), while that difference is down -0.66% for SMA50 and it goes to -8.46% lower than SMA200.
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Coterra Energy Inc (NYSE: CTRA) currently have 751.00M outstanding shares and institutions hold larger chunk of about 89.57% of that.
The stock has a current market capitalization of $17.51B and its 3Y-monthly beta is at 0.20. PE ratio of stock for trailing 12 months is 13.66, while it has posted earnings per share of $1.73 in the same period. Its PEG reads 0.85 and has Quick Ratio of 1.38 while making debt-to-equity ratio of 0.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CTRA, volatility over the week remained 1.93% while standing at 2.13% over the month.
Stock’s fiscal year EPS is expected to drop by -25.29% while it is estimated to increase by 48.33% in next year. EPS is likely to grow at an annualized rate of 16.03% for next 5-years, compared to annual growth of 11.36% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH MKM on August 27, 2024 offering a Buy rating for the stock and assigned a target price range of between $25 and $29 to it. Coverage by Wolfe Research stated Coterra Energy Inc (CTRA) stock as an Outperform in their note to investors on July 18, 2024, suggesting a price target of $35 for the stock. On June 14, 2024, BofA Securities Resumed their recommendations, while on May 16, 2024, Truist Upgrade their ratings for the stock with a price target of $35. Stock get an Overweight rating from Barclays on April 10, 2024.
