On Friday, Coterra Energy Inc (NYSE: CTRA) opened higher 0.70% from the last session, before settling in for the closing price of $24.41. Price fluctuations for CTRA have ranged from $22.30 to $28.90 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 48.71% annually for the last half of the decade. Company’s average yearly earnings per share was noted -27.35% at the time writing. With a float of $723.22 million, this company’s outstanding shares have now reached $751.00 million.
In an organization with 894 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 33.07%, operating margin of 26.32%, and the pretax margin is 29.46%.
Coterra Energy Inc (CTRA) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Coterra Energy Inc is 1.82%, while institutional ownership is 92.36%. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.52 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.55) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.61 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -27.35% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.53% 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
Check out the current performance indicators for Coterra Energy Inc (CTRA). In the past quarter, the stock posted a quick ratio of 1.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.36. Likewise, its price to free cash flow for the trailing twelve months is 16.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.65, a number that is poised to hit 0.45 in the next quarter and is forecasted to reach 2.42 in one year’s time.
Technical Analysis of Coterra Energy Inc (CTRA)
Let’s dig in a bit further. During the last 5-days, its volume was 6.53 million. That was better than the volume of 6.24 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 85.42%. Additionally, its Average True Range was 0.60.
During the past 100 days, Coterra Energy Inc’s (CTRA) raw stochastic average was set at 41.12%, which indicates a significant decrease from 88.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.83% in the past 14 days, which was higher than the 24.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.77, while its 200-day Moving Average is $25.80. However, in the short run, Coterra Energy Inc’s stock first resistance to watch stands at $24.72. Second resistance stands at $24.85. The third major resistance level sits at $25.10. If the price goes on to break the first support level at $24.34, it is likely to go to the next support level at $24.09. Assuming the price breaks the second support level, the third support level stands at $23.96.
Coterra Energy Inc (NYSE: CTRA) Key Stats
There are currently 736,613K shares outstanding in the company with a market cap of 18.23 billion. Presently, the company’s annual sales total 5,914 M according to its annual income of 1,625 M. Last quarter, the company’s sales amounted to 1,359 M and its income totaled 252,000 K.
