Coterra Energy Inc (NYSE: CTRA) is 2.74% higher 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 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 $26.24 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $26.24, the stock is 5.18% and 4.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.05 million and changing 0.00% at the moment leaves the stock 1.70% off its SMA200. CTRA registered 3.35% gain for a year compared to 6-month loss of -1.24%. The firm has a 50-day simple moving average (SMA 50) of $25.0956 and a 200-day simple moving average (SMA200) of $25.80565.
The stock witnessed a 2.38% gain in the last 1 month and extending the period to 3 months gives it a 5.51%, and is 6.49% 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 2.19% over the week and 2.33% over the month.
Coterra Energy Inc (CTRA) has around 894 employees, a market worth around $19.40B and $5.42B in sales. Current P/E ratio is 15.94 and Fwd P/E is 8.81. Profit margin for the company is 22.83%. Distance from 52-week low is 17.67% and -9.20% from its 52-week high. The company has generated returns on investments over the last 12 months (8.10%).
The EPS is expected to shrink by -28.47% this year.
Coterra Energy Inc (CTRA) Top Institutional Holders
1152.0 institutions hold shares in Coterra Energy Inc (CTRA), with institutional investors hold 92.31% of the company’s shares. The shares outstanding are 736.00M, and float is at 722.67M with Short Float at 2.40%. Institutions hold 90.66% 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 Smith Kevin William,the company’sSVP & Chief Technology Officer. SEC filings show that Smith Kevin William sold 29,643 shares of the company’s common stock on Dec 03 ’24 at a price of $26.16 per share for a total of $0.78 million. Following the sale, the insider now owns 77075.0 shares.
Still, SEC filings show that on Nov 20 ’24, Vela Adam M (SVP & General Counsel) disposed off 16,435 shares at an average price of $26.76 for $0.44 million. The insider now directly holds 72,409 shares of Coterra Energy Inc (CTRA).
