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Coterra Energy Inc (CTRA) – key numbers that make it a Strong Buy For Now

Coterra Energy Inc (NYSE: CTRA) is 10.89% higher on its value in year-to-date trading and has touched a low of $22.91 and a high of $29.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CTRA stock was last observed hovering at around $28.01 in the last trading session, with the day’s gains setting it 0.29%.

Currently trading at $28.30, the stock is 4.97% and 9.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.99 million and changing 1.04% at the moment leaves the stock 6.97% off its SMA200. CTRA registered 17.72% gain for a year compared to 6-month loss of 4.62%. The firm has a 50-day simple moving average (SMA 50) of $3.86 and a 200-day simple moving average (SMA200) of $5.91.

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The stock witnessed a 9.01% gain in the last 1 month and extending the period to 3 months gives it a 10.89%, and is 1.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.76% over the week and 1.76% over the month.

Coterra Energy Inc (CTRA) has around 894 employees, a market worth around $21.26B and $5.62B in sales. Current P/E ratio is 13.30 and Fwd P/E is 9.53. Profit margin for the company is 28.85%. Distance from 52-week low is 23.53% and -5.32% from its 52-week high. The company has generated returns on investments over the last 12 months (10.90%).

Coterra Energy Inc quarterly earnings per share for the current quarter are estimated at $0.44 with sales reaching $1.44B over the same period.The EPS is expected to shrink by -14.95% this year, but quarterly earnings will post -1.90% year-over-year. Quarterly sales are estimated to shrink -19.10% in year-over-year returns.

Coterra Energy Inc (CTRA) Top Institutional Holders

1,194 institutions hold shares in Coterra Energy Inc (CTRA), with institutional investors hold 91.69% of the company’s shares. The shares outstanding are 751.00M, and float is at 737.77M with Short Float at 2.18%. Institutions hold 89.93% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 88.03 million shares valued at $2.23 billion. The investor’s holdings represent 11.66% of the CTRA Shares outstanding. As of Jun 29, 2023, the second largest holder is Wellington Management Group, LLP with 66.77 million shares valued at $1.69 billion to account for 8.84% of the shares outstanding. The other top investors are Blackrock Inc. which holds 60.27 million shares representing 7.98% and valued at over $1.52 billion, while State Street Corporation holds 6.65% of the shares totaling 50.23 million with a market value of $1.27 billion.

Coterra Energy Inc (CTRA) Insider Activity

The most recent transaction is an insider sale by Roemer Todd M,the company’sVice Pres & CAO. SEC filings show that Roemer Todd M sold 55,000 shares of the company’s common stock on Mar 20 ’24 at a price of $27.06 per share for a total of $1.49 million. Following the sale, the insider now owns 0.18 million shares.

Coterra Energy Inc disclosed in a document filed with the SEC on Mar 01 ’24 that DeShazer Michael D. (VP – Business Units) sold a total of 14,000 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $26.06 per share for $0.36 million. Following the transaction, the insider now directly holds 93988.0 shares of the CTRA stock.

Still, SEC filings show that on Sep 27 ’23, DINGES DAN O (Director) disposed off 68,275 shares at an average price of $27.22 for $1.86 million. The insider now directly holds 3,152,392 shares of Coterra Energy Inc (CTRA).

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