Reassessing The Changing Outlook For Coterra Energy Inc (CTRA)

Currently, there are 751.00M common shares owned by the public and among those 723.06M shares have been available to trade.

The company’s stock has a 5-day price change of 1.86% and 11.35% over the past three months. CTRA shares are trading 4.94% year to date (YTD), with the 12-month market performance up to 1.94% higher. It has a 12-month low price of $22.30 and touched a high of $28.90 over the same period. CTRA has an average intraday trading volume of 6.00 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 5.85%, 9.23%, and 3.41% respectively.

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Institutional ownership of Coterra Energy Inc (NYSE: CTRA) shares accounts for 90.33% of the company’s 751.00M shares outstanding.

It has a market capitalization of $19.72B and a beta (3y monthly) value of 0.25. The stock’s trailing 12-month PE ratio is 16.26, while the earnings-per-share (ttm) stands at $1.65. The company has a PEG of 1.62 and a Quick Ratio of 1.56 with the debt-to-equity ratio at 0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.30% over the week and 2.48% over the month.

Earnings per share for the fiscal year are expected to decrease by -28.47%, and 79.22% over the next financial year. EPS should shrink at an annualized rate of 10.06% 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. ROTH MKM stated their Buy rating for the stock in a research note on August 27, 2024, with the firm’s price target at $25-$29. Wolfe Research coverage for the Coterra Energy Inc (CTRA) stock in a research note released on July 18, 2024 offered a Outperform rating with a price target of $35. BofA Securities was of a view on June 14, 2024 that the stock is Buy, while Truist gave the stock Buy rating on May 16, 2024, issuing a price target of $27- $35. Barclays on their part issued Overweight rating on April 10, 2024.

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