A new trading day began on November 20, 2023, with Coterra Energy Inc (NYSE: CTRA) stock priced at $26.91, down -0.26% from the previous day of trading. During the day, the shares moved up to $26.94 and dropped to $26.46 before settling in for the closing price of $26.75. CTRA’s price has ranged from $22.25 to $29.89 over the past 52 weeks.
Annual sales at Energy sector company grew by 61.30% over the past five years. Meanwhile, its annual earnings per share averaged -52.01%. With a float of $737.98 million, this company’s outstanding shares have now reached $768.24 million.
Let’s look at the performance matrix of the company that is accounted for 981 employees. 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 and Institutional Ownership
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 1.89%, while institutional ownership is 91.49%. The most recent insider transaction that took place on Sep 27, was worth 1,858,446. In this transaction Director of this company sold 68,275 shares at a rate of $27.22, taking the stock ownership to the 3,152,392 shares. Before that another transaction happened on Sep 26, when Company’s Director sold 81,725 for $26.59, making the entire transaction worth $2,173,068. This insider now owns 3,220,667 shares in total.
Coterra Energy Inc (CTRA) Latest Financial update
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.5 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 0.82 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -52.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 40.83% during the next five years compared to 87.35% 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 1.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.18. Likewise, its price to free cash flow for the trailing twelve months is 8.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.89, a number that is poised to hit 0.65 in the next quarter and is forecasted to reach 2.89 in one year’s time.
Technical Analysis of Coterra Energy Inc (CTRA)
Coterra Energy Inc (NYSE: CTRA) saw its 5-day average volume 6.12 million, a negative change from its year-to-date volume of 7.36 million. As of the previous 9 days, the stock’s Stochastic %D was 23.72%. Additionally, its Average True Range was 0.61.
During the past 100 days, Coterra Energy Inc’s (CTRA) raw stochastic average was set at 42.32%, which indicates a significant increase from 23.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.23% in the past 14 days, which was lower than the 23.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.57, while its 200-day Moving Average is $26.04. Nevertheless, the first resistance level for the watch stands at $26.93 in the near term. At $27.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $27.41. If the price goes on to break the first support level at $26.45, it is likely to go to the next support level at $26.21. The third support level lies at $25.97 if the price breaches the second support level.
Coterra Energy Inc (NYSE: CTRA) Key Stats
With a market capitalization of 20.07 billion, the company has a total of 752,192K Shares Outstanding. Currently, annual sales are 9,051 M while annual income is 4,065 M. The company’s previous quarter sales were 1,356 M while its latest quarter income was 323,000 K.