In yesterday’s Wall Street session, Coterra Energy Inc (NYSE:CTRA) shares traded at $26.68, down -0.37% from the previous session.
CTRA stock price is now 8.52% away from the 50-day moving average and 2.97% away from the 200-day moving average. The market capitalization of the company currently stands at $19.57B.
With the price target enhanced from $25 to $29, ROTH MKM Upgraded its rating from Neutral to Buy for Coterra Energy Inc (NYSE: CTRA). , while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Vela Adam M, SVP & General Counsel sold 16,435 shares of the company’s stock on Nov 20 ’24. The stock was sold for $439,801 at an average price of $26.76. Upon completion of the transaction, the SVP & General Counsel now directly owns 72,409 shares in the company, valued at $1.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’24, Officer Vela Adam M bought 16,435 shares of the business’s stock. A total of $439,869 was incurred on buying the stock at an average price of $26.76. A total of 1.82% of the company’s stock is owned by insiders.
During the past 12 months, Coterra Energy Inc has had a low of $22.30 and a high of $28.90. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 1.61, and a quick ratio of 1.56. According to the stock market information, the enterprise value for the company is $21179834368, which is based on a 16.20 price-to-earnings ratio, a 1.61 price-to-earnings-growth ratio, and a beta of 0.25. The fifty day moving average price for CTRA is $24.516 and a two-hundred day moving average price translates $25.89695 for the stock.
The latest earnings results from Coterra Energy Inc (NYSE: CTRA) was released for 2024-09-30. The net profit margin was 22.83% and return on equity was 9.60% for CTRA. The company reported revenue of $1.36 billion for the quarter, compared to $1.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.22 percent.
