Coterra Energy Inc. (NYSE:CTRA) has a beta value of 0.07 and has seen 6.28 million shares traded in the last trading session. The company, currently valued at $24.63B, closed the last trade at $28.92 per share which meant it lost -$0.02 on the day or -0.07% during that session. The CTRA stock price is -24.24% off its 52-week high price of $35.93 and 40.46% above the 52-week low of $17.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.35 million shares traded. The 3-month trading volume is 8.65 million shares.
The consensus among analysts is that Coterra Energy Inc. (CTRA) is an Overweight stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 2 rate it as Overweight. 13 out of 24 have rated it as a Hold, with 8 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $1.23.
Coterra Energy Inc. (NYSE:CTRA) trade information
Sporting -0.07% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the CTRA stock price touched $28.92 or saw a rise of 10.93%. Year-to-date, Coterra Energy Inc. shares have moved 59.81%, while the 5-day performance has seen it change -3.79%. Over the past 30 days, the shares of Coterra Energy Inc. (NYSE:CTRA) have changed -4.55%. Short interest in the company has seen 34.7 million shares shorted with days to cover at 2.5.
Wall Street analysts have a consensus price target for the stock at $37.09, which means that the shares’ value could jump 22.03% from current levels. The projected low price target is $26.00 while the price target rests at a high of $54.00. In that case, then, we find that the current price level is -86.72% off the targeted high while a plunge would see the stock lose 10.1% from current levels.
Coterra Energy Inc. (CTRA) estimates and forecasts
Figures show that Coterra Energy Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 18.18% over the past 6 months, with this year growth rate of 124.89%, compared to 34.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 373.10% and 130.80% for the next quarter. Revenue growth from the last financial year stood is estimated to be 146.00%.
14 analysts offering their estimates for the company have set an average revenue estimate of $2.15 billion for the current quarter. 14 have an estimated revenue figure of $2.26 billion for the next quarter concluding in Sep 2022. Year-ago sales stood $434.71 million and $440.4 million respectively for this quarter and the next, and analysts expect sales will grow by 395.30% for the current quarter and 413.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 35.20% over the past 5 years. Earnings growth for 2022 is a modest 358.90% while over the next 5 years, the company’s earnings are expected to increase by 9.88%.
Coterra Energy Inc. is expected to release its next earnings report between February 21 and February 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.60 at a share yield of 2.07%. The company’s dividend yield has gone up over the past 12 months.
Coterra Energy Inc. (NYSE:CTRA)’s Major holders
Insiders own 1.65% of the company shares, while shares held by institutions stand at 96.53% with a share float percentage of 98.15%. Investors are also buoyed by the number of investors in a company, with Coterra Energy Inc. having a total of 1,031 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 91.68 million shares worth more than $2.47 billion. As of Mar 30, 2022, Vanguard Group, Inc. (The) held 11.38% of shares outstanding.
The other major institutional holder is Capital World Investors, with the holding of over 84.12 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $2.27 billion and represent 10.44% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Select Sector SPDR Fund-Energy Select and Vanguard Total Stock Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.80% shares in the company for having 22.54 million shares of worth $581.32 million while later fund manager owns 22.29 million shares of worth $601.04 million as of Mar 30, 2022, which makes it owner of about 2.77% of company’s outstanding stock.