Could Coterra Energy Inc (CTRA) stock price achieve new all-time highs if its expected earnings and revenue increase?

Stocks of Coterra Energy Inc (NYSE:CTRA) traded higher last session on Wall Street, up 1.60% to $26.75.

According to the data, Coterra Energy Inc (NYSE:CTRA) has 29 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $27.00, we find $31.00. Given the previous closing price of $26.33, this indicates a potential upside of 17.74 percent. CTRA stock price is now -3.15% away from the 50-day moving average and 3.03% away from the 200-day moving average. The market capitalization of the company currently stands at $20.12B.

A total of 15 analysts have issued a hold rating and 11 have given it a buy rating. Brokers who have rated the stock have averaged $32.78 as their price target over the next twelve months.

With the price target maintained at $34, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Coterra Energy Inc (NYSE: CTRA).

In other news, DINGES DAN O, Director sold 68,275 shares of the company’s stock on Sep 27. The stock was sold for $1,858,446 at an average price of $27.22. Upon completion of the transaction, the Director now directly owns 3,152,392 shares in the company, valued at $84.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 26, Director DINGES DAN O sold 81,725 shares of the business’s stock. A total of $2,173,068 was realized by selling the stock at an average price of $26.59. This leaves the insider owning 3,220,667 shares of the company worth $86.15 million. Insiders disposed of 1,681,931 shares of company stock worth roughly $44.99 million over the past 1 year. A total of 1.88% of the company’s stock is owned by insiders.

Friday’s opening bell rang with an opening price of $26.52 for Coterra Energy Inc (NYSE: CTRA). During the past 12 months, Coterra Energy Inc has had a low of $22.25 and a high of $29.89. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 1.04, and a quick ratio of 1.01. According to the stock market information, the enterprise value for the company is $21.83B, which is based on a 9.24 price-to-earnings ratio, a 0.23 price-to-earnings-growth ratio, and a beta of 0.30. The fifty day moving average price for CTRA is $27.59 and a two-hundred day moving average price translates $26.03 for the stock.

The latest earnings results from Coterra Energy Inc (NYSE: CTRA) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.5, beating analysts’ expectations of $0.44 by 0.06. This compares to $1.50 EPS in the same period last year. The net profit margin was 35.37% and return on equity was 17.60% for CTRA. The company reported revenue of $1.36 billion for the quarter, compared to $2.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.19 percent. For the current quarter, analysts expect CTRA to generate $1.64B in revenue.

Coterra Energy Inc(CTRA) Company Profile

Coterra Energy Inc., an independent oil and gas company, engages in the development, exploration and production of oil, natural gas, and natural gas liquids in the United States. The company primarily focuses on the Marcellus Shale with approximately 183,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. It also holds Permian Basin properties with approximately 307,000 net acres; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma. In addition, the company operates natural gas and saltwater disposal gathering systems in Texas. It sells its natural gas to industrial customers, local distribution companies, oil and gas marketers, major energy companies, pipeline companies, and power generation facilities. The company was incorporated in 1989 and is headquartered in Houston, Texas.