Coterra Energy Inc (NYSE: CTRA) is -9.60% lower on its value in year-to-date trading and has touched a low of $22.30 and a high of $28.90 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 $22.71 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $23.07, the stock is -3.58% and -2.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.15 million and changing 1.59% at the moment leaves the stock -10.62% off its SMA200. CTRA registered -17.81% loss for a year compared to 6-month loss of -18.62%. The firm has a 50-day simple moving average (SMA 50) of $23.79 and a 200-day simple moving average (SMA200) of $25.81885.
The stock witnessed a -7.24% gain in the last 1 month and extending the period to 3 months gives it a -1.87%, and is -2.90% down 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 2.93% over the week and 2.21% over the month.
Coterra Energy Inc (CTRA) has around 894 employees, a market worth around $16.19B and $5.42B in sales. Current P/E ratio is 14.01 and Fwd P/E is 9.50. Profit margin for the company is 22.83%. Distance from 52-week low is 3.45% and -20.17% from its 52-week high. The company has generated returns on investments over the last 12 months (8.10%).
with sales reaching $1.42B over the same period.The EPS is expected to shrink by -27.18% this year, but quarterly earnings will post -7.70% year-over-year. Quarterly sales are estimated to shrink -10.80% in year-over-year returns.
Coterra Energy Inc (CTRA) Top Institutional Holders
1181.0 institutions hold shares in Coterra Energy Inc (CTRA), with institutional investors hold 91.35% of the company’s shares. The shares outstanding are 751.00M, and float is at 725.83M with Short Float at 2.31%. Institutions hold 89.71% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 88.53 million shares valued at $2.36 billion. The investor’s holdings represent 11.8041% of the CTRA Shares outstanding. As of 2024-06-30, the second largest holder is WELLINGTON MANAGEMENT GROUP LLP with 55.47 million shares valued at $1.48 billion to account for 7.3965 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 53.49 million shares representing 7.1321% and valued at over $1.43 billion, while STATE STREET CORP holds 6.8251 of the shares totaling 51.19 million with a market value of $1.37 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.
