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The price of Coterra Energy Inc (NYSE: CTRA) closed at $27.56 in the last session, up 0.29% from day before closing price of $27.48. In other words, the price has increased by $0.29 from its previous closing price. On the day, 5.6 million shares were traded. CTRA stock price reached its highest trading level at $27.665 during the session, while it also had its lowest trading level at $27.315.
Ratios:
We take a closer look at CTRA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.17.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on May 16, 2024, Upgraded its rating to Buy and sets its target price to $35 from $27 previously.
On April 10, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $36.
BofA Securities Upgraded its Neutral to Buy on January 05, 2024, while the target price for the stock was maintained at $31.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 20 ’24 when Roemer Todd M sold 55,000 shares for $27.06 per share. The transaction valued at 1,488,300 led to the insider holds 176,758 shares of the business.
DeShazer Michael D. sold 14,000 shares of CTRA for $364,840 on Mar 01 ’24. The VP – Business Units now owns 93,988 shares after completing the transaction at $26.06 per share. On Sep 27 ’23, another insider, DINGES DAN O, who serves as the Director of the company, sold 68,275 shares for $27.22 each. As a result, the insider received 1,858,446 and left with 3,152,392 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CTRA now has a Market Capitalization of 20511062016 and an Enterprise Value of 21968060416. As of this moment, Coterra’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.07, and their Forward P/E ratio for the next fiscal year is 9.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.84 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 4.006 whereas that against EBITDA is 6.423.
Stock Price History:
Over the past 52 weeks, CTRA has reached a high of $29.89, while it has fallen to a 52-week low of $23.39. The 50-Day Moving Average of the stock is -1.11%, while the 200-Day Moving Average is calculated to be 2.74%.
Shares Statistics:
According to the various share statistics, CTRA traded on average about 6.36M shares per day over the past 3-months and 6763470 shares per day over the past 10 days. A total of 751.00M shares are outstanding, with a floating share count of 730.92M. Insiders hold about 1.79% of the company’s shares, while institutions hold 89.93% stake in the company. Shares short for CTRA as of 1715731200 were 17860974 with a Short Ratio of 2.81, compared to 1713139200 on 17966963. Therefore, it implies a Short% of Shares Outstanding of 17860974 and a Short% of Float of 2.77.
Dividends & Splits
The forward annual dividend rate for CTRA is 0.82, which was 0.81 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.029475983The stock’s 5-year Average Dividend Yield is 4.14.
