The stock of Coterra Energy Inc (NYSE:CTRA) last traded at $27.88, up 0.07% from the previous session.
CTRA stock price is now 8.76% away from the 50-day moving average and 5.52% away from the 200-day moving average. The market capitalization of the company currently stands at $20.96B.
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With the price target maintained at $31, BofA Securities recently Upgraded its rating from Neutral to Buy for Coterra Energy Inc (NYSE: CTRA). On December 14, 2023, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock reducing its target price from $59 to quote $30, while ‘UBS’ rates the stock as ‘Buy’
In other news, Roemer Todd M, Vice Pres & CAO sold 55,000 shares of the company’s stock on Mar 20 ’24. The stock was sold for $1,488,300 at an average price of $27.06. Upon completion of the transaction, the Vice Pres & CAO now directly owns 176,758 shares in the company, valued at $4.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, VP – Business Units DeShazer Michael D. sold 14,000 shares of the business’s stock. A total of $364,840 was realized by selling the stock at an average price of $26.06. This leaves the insider owning 93,988 shares of the company worth $2.62 million. A total of 1.80% of the company’s stock is owned by insiders.
During the past 12 months, Coterra Energy Inc has had a low of $22.91 and a high of $29.89. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.21, and a quick ratio of 1.18. According to the stock market information, the enterprise value for the company is $22.52B, which is based on a 13.10 price-to-earnings ratio, a 1.01 price-to-earnings-growth ratio, and a beta of 0.21. The fifty day moving average price for CTRA is $25.70 and a two-hundred day moving average price translates $26.44 for the stock.
The latest earnings results from Coterra Energy Inc (NYSE: CTRA) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.52, missing analysts’ expectations of $0.55 by -0.03. This compares to $1.32 EPS in the same period last year. The net profit margin was 28.85% and return on equity was 12.64% for CTRA. The company reported revenue of $1.6 billion for the quarter, compared to $2.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.0 percent. For the current quarter, analysts expect CTRA to generate $1.44B in revenue.
