Coterra Energy Inc (NYSE: CTRA) on Monday, plunged -1.63% from the previous trading day, before settling in for the closing price of $27.64. Within the past 52 weeks, CTRA’s price has moved between $22.91 and $29.89.
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Annual sales at Energy sector company grew by 48.71% over the past five years. The company achieved an average annual earnings per share of -14.90%. With a float of $737.74 million, this company’s outstanding shares have now reached $751.00 million.
Let’s look at the performance matrix of the company that is accounted for 894 employees.
Coterra Energy Inc (CTRA) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Coterra Energy Inc is 1.80%, while institutional ownership is 89.71%. The most recent insider transaction that took place on Mar 20 ’24, was worth 1,488,300. In this transaction Vice Pres & CAO of this company sold 55,000 shares at a rate of $27.06, taking the stock ownership to the 176,758 shares. Before that another transaction happened on Mar 01 ’24, when Company’s VP – Business Units sold 14,000 for $26.06, making the entire transaction worth $364,840. This insider now owns 93,988 shares in total.
Coterra Energy Inc (CTRA) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -14.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.00% during the next five years compared to 11.36% growth over the previous five years of trading.
Coterra Energy Inc (NYSE: CTRA) Trading Performance Indicators
Coterra Energy Inc (CTRA) is currently performing well based on its current performance indicators. A quick ratio of 1.18 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.64. Likewise, its price to free cash flow for the trailing twelve months is 13.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.13, a number that is poised to hit 0.44 in the next quarter and is forecasted to reach 2.95 in one year’s time.
Technical Analysis of Coterra Energy Inc (CTRA)
Coterra Energy Inc (NYSE: CTRA) saw its 5-day average volume 5.51 million, a negative change from its year-to-date volume of 6.97 million. As of the previous 9 days, the stock’s Stochastic %D was 11.64%. Additionally, its Average True Range was 0.56.
During the past 100 days, Coterra Energy Inc’s (CTRA) raw stochastic average was set at 66.92%, which indicates a significant increase from 5.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.66% in the past 14 days, which was lower than the 20.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.39, while its 200-day Moving Average is $26.64. Nevertheless, the first resistance level for the watch stands at $27.66 in the near term. At $28.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $28.42. If the price goes on to break the first support level at $26.91, it is likely to go to the next support level at $26.62. The third support level lies at $26.15 if the price breaches the second support level.
Coterra Energy Inc (NYSE: CTRA) Key Stats
Market capitalization of the company is 20.43 billion based on 751,847K outstanding shares. Right now, sales total 5,914 M and income totals 1,625 M. The company made 1,596 M in profit during its latest quarter, and 416,000 K in sales during its previous quarter.
