Coterra Energy Inc (NYSE: CTRA) is -5.72% lower on its value in year-to-date trading and has touched a low of $23.18 and a high of $29.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CTRA stock was last observed hovering at around $24.50 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $24.06, the stock is -2.46% and -7.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.03 million and changing -1.80% at the moment leaves the stock -8.83% off its SMA200. CTRA registered -13.39% loss for a year compared to 6-month gain of -2.31%.
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The stock witnessed a -9.96% loss in the last 1 month and extending the period to 3 months gives it a -15.37%, and is 0.50% 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 1.84% over the week and 2.19% over the month.
Coterra Energy Inc (CTRA) has around 894 employees, a market worth around $17.79B and $5.45B in sales. Current P/E ratio is 13.88 and Fwd P/E is 8.26. Profit margin for the company is 24.04%. Distance from 52-week low is 3.80% and -19.50% from its 52-week high. The company has generated returns on investments over the last 12 months (8.56%).
The EPS is expected to shrink by -13.73% this year.
Coterra Energy Inc (CTRA) Top Institutional Holders
1205.0 institutions hold shares in Coterra Energy Inc (CTRA), with institutional investors hold 92.08% of the company’s shares. The shares outstanding are 751.00M, and float is at 725.49M with Short Float at 1.78%. Institutions hold 90.28% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 87.52 million shares valued at $2.44 billion. The investor’s holdings represent 11.6696 of the CTRA Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 59.32 million shares valued at $1.65 billion to account for 7.9096 of the shares outstanding. The other top investors are STATE STREET CORP which holds 48.62 million shares representing 6.4828 and valued at over $1.36 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 6.1004 of the shares totaling 45.75 million with a market value of $1.28 billion.
Coterra Energy Inc (CTRA) Insider Activity
The most recent transaction is an insider sale by Roemer Todd M, the company’s Vice 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 25 ’23, DINGES DAN O (Director) disposed off 400,000 shares at an average price of $26.60 for $10.64 million. The insider now directly holds 3,302,392 shares of Coterra Energy Inc (CTRA).
