During the recent session, Coterra Energy Inc. (NYSE:CTRA)’s traded shares were 1.66 million, with the beta value of the company hitting 0.04. At the last check today, the stock’s price was $28.07, reflecting an intraday gain of 2.46% or $0.68. The 52-week high for the CTRA share is $36.55, that puts it down -30.21 from that peak though still a striking 52.26% gain since the share price plummeted to a 52-week low of $13.40. The company’s market capitalization is $21.69B, and the average intraday trading volume over the past 10 days was 7.62 million shares, and the average trade volume was 10.73 million shares over the past three months.
Coterra Energy Inc. (CTRA) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. CTRA has a Sell rating from 0 analyst(s) out of 26 analysts who have looked at this stock. 13 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 9 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.23.
Coterra Energy Inc. (NYSE:CTRA) trade information
Coterra Energy Inc. (CTRA) registered a 2.46% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.46% in intraday trading to $28.07 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is -8.15%, and it has moved by 8.18% in 30 days. Based on these gigs, the overall price performance for the year is 84.03%. The short interest in Coterra Energy Inc. (NYSE:CTRA) is 34.7 million shares and it means that shorts have 2.5 day(s) to cover.
The consensus price target of analysts on Wall Street is $36.08, which implies an increase of 22.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $26.00 and $46.00 respectively. As a result, CTRA is trading at a discount of -63.88% off the target high and 7.37% off the low.
Coterra Energy Inc. (CTRA) estimates and forecasts
Statistics show that Coterra Energy Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Coterra Energy Inc. (CTRA) shares have gone up 23.33% during the last six months, with a year-to-date growth rate more than the industry average at 110.22% against 25.10. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 373.10% this quarter and then jump 130.80% in the quarter after that. In the rating firms’ projections, revenue will increase 146.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.15 billion as predicted by 14 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to $2.26 billion by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $434.71 million and $440.4 million respectively. In this case, analysts expect current quarter sales to grow by 395.30% and then jump by 413.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 35.20%. While earnings are projected to return 358.90% in 2022, the next five years will return 11.72% per annum.
Coterra Energy Inc. is due to release its next quarterly earnings between February 21 and February 25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Coterra Energy Inc. is 0.60, with the dividend yield indicating at 2.19 percent, continuing the trend of increasing dividends in recent years.
Coterra Energy Inc. (NYSE:CTRA)’s Major holders
Coterra Energy Inc. insiders own 1.65% of total outstanding shares while institutional holders control 96.53%, with the float percentage being 98.15%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1,031 institutions own stock in it. As of Mar 30, 2022, the company held over 91.68 million shares (or 11.38% of all shares), a total value of $2.47 billion in shares.
The next largest institutional holding, with 84.12 million shares, is of Capital World Investors’s that is approximately 10.44% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $2.27 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Coterra Energy Inc. (CTRA) shares are Select Sector SPDR Fund-Energy Select and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2022 indicates that Select Sector SPDR Fund-Energy Select owns about 22.54 million shares. This amounts to just over 2.80 percent of the company’s overall shares, with a $581.32 million market value. The same data shows that the other fund manager holds slightly less at 22.29 million, or about 2.77% of the stock, which is worth about $601.04 million.