A new trading day began on Monday, with Coterra Energy Inc (NYSE: CTRA) stock price down -0.52% from the previous day of trading, before settling in for the closing price of $22.92. CTRA’s price has ranged from $22.79 to $29.89 over the past 52 weeks.
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Annual sales at Energy sector company grew by 48.71% over the past five years. Meanwhile, its annual earnings per share averaged -14.58%. With a float of $725.91 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. In terms of profitability, gross margin is 34.69%, operating margin of 28.12%, and the pretax margin is 31.27%.
Coterra Energy Inc (CTRA) Insider Updates
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 1.81%, while institutional ownership is 90.13%. 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) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.6 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -14.58% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.95% 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
Here are Coterra Energy Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.09. Likewise, its price to free cash flow for the trailing twelve months is 17.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.73, a number that is poised to hit 0.64 in the next quarter and is forecasted to reach 2.90 in one year’s time.
Technical Analysis of Coterra Energy Inc (CTRA)
Coterra Energy Inc (NYSE: CTRA) saw its 5-day average volume 6.39 million, a positive change from its year-to-date volume of 6.31 million. As of the previous 9 days, the stock’s Stochastic %D was 6.49%. Additionally, its Average True Range was 0.53.
During the past 100 days, Coterra Energy Inc’s (CTRA) raw stochastic average was set at 0.82%, which indicates a significant decrease from 2.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.33% in the past 14 days, which was lower than the 23.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.13, while its 200-day Moving Average is $26.16. Nevertheless, the first resistance level for the watch stands at $22.92 in the near term. At $23.05, the stock is likely to face the second major resistance level. The third major resistance level sits at $23.13. If the price goes on to break the first support level at $22.71, it is likely to go to the next support level at $22.63. Assuming the price breaks the second support level, the third support level stands at $22.50.
Coterra Energy Inc (NYSE: CTRA) Key Stats
With a market capitalization of 16.86 billion, the company has a total of 744,233K Shares Outstanding. Currently, annual sales are 5,914 M while annual income is 1,625 M. The company’s previous quarter sales were 1,271 M while its latest quarter income was 220,000 K.
