A new trading day began on May 19, 2023, with Coterra Energy Inc. (NYSE: CTRA) stock priced at $25.76, up 0.71% from the previous day of trading. During the day, the shares moved up to $25.8872 and dropped to $25.48 before settling in for the closing price of $25.45. CTRA’s price has ranged from $22.25 to $34.73 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 38.70%. Meanwhile, its annual earnings per share averaged 121.00%. With a float of $749.43 million, this company’s outstanding shares have now reached $764.00 million.
Considering the fact that the conglomerate employs 981 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +63.79, operating margin of +60.35, and the pretax margin is +54.33.
Coterra Energy Inc. (CTRA) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas E&P Industry. The insider ownership of Coterra Energy Inc. is 0.10%, while institutional ownership is 97.40%. The most recent insider transaction that took place on Mar 21, was worth 501,858. In this transaction VP – Business Units of this company sold 20,824 shares at a rate of $24.10, taking the stock ownership to the 77,406 shares. Before that another transaction happened on Dec 01, when Company’s Director sold 5,000 for $27.64, making the entire transaction worth $138,218. This insider now owns 225,755 shares in total.
Coterra Energy Inc. (CTRA) Earnings and Forecasts
In its latest quarterly report, released on 3/30/2023, the company reported earnings of $0.87 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +42.73 while generating a return on equity of 33.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.54 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 121.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -11.26% during the next five years compared to 79.40% growth over the previous five years of trading.
Coterra Energy Inc. (NYSE: CTRA) Trading Performance Indicators
Here are Coterra Energy Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.11. Likewise, its price to free cash flow for the trailing twelve months is 11.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.22, a number that is poised to hit 0.46 in the next quarter and is forecasted to reach 2.93 in one year’s time.
Technical Analysis of Coterra Energy Inc. (CTRA)
Compared to the last year’s volume of 8.49 million, its volume of 8.59 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 62.16%. Additionally, its Average True Range was 0.72.
During the past 100 days, Coterra Energy Inc.’s (CTRA) raw stochastic average was set at 79.34%, which indicates a significant increase from 72.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.22% in the past 14 days, which was higher than the 35.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.76, while its 200-day Moving Average is $26.55. Nevertheless, the first resistance level for the watch stands at $25.85 in the near term. At $26.07, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.26. If the price goes on to break the first support level at $25.44, it is likely to go to the next support level at $25.26. Should the price break the second support level, the third support level stands at $25.04.
Coterra Energy Inc. (NYSE: CTRA) Key Stats
With a market capitalization of 19.28 billion, the company has a total of 757,453K Shares Outstanding. Currently, annual sales are 9,051 M while annual income is 4,065 M. The company’s previous quarter sales were 1,777 M while its latest quarter income was 677,000 K.
