Coterra Energy Inc (NYSE:CTRA)’s traded shares stood at 5.13 million during the last session, with the company’s beta value hitting 0.20. At the close of trading, the stock’s price was $27.86, to imply an increase of 1.46% or $0.4 in intraday trading. The CTRA share’s 52-week high remains $29.89, putting it -7.29% down since that peak but still an impressive 17.77% since price per share fell to its 52-week low of $22.91. The company has a valuation of $20.95B, with an average of 7.37 million shares in intraday trading volume over the past 10 days and average of 6.97 million shares over the past 3 months.
Coterra Energy Inc (NYSE:CTRA) trade information
After registering a 1.46% upside in the last session, Coterra Energy Inc (CTRA) has traded red over the past five days. The stock hit a weekly high of 27.96, jumping 1.46% in its intraday price action. The 5-day price performance for the stock is 2.69%, and 7.24% over 30 days. With these gigs, the year-to-date price performance is 9.17%. Short interest in Coterra Energy Inc (NYSE:CTRA) saw shorts transact 18.38 million shares and set a 2.6 days time to cover.
Coterra Energy Inc (CTRA) estimates and forecasts
Looking at statistics comparing Coterra Energy Inc share performance against respective industry, we note that the company has underperformed competitors. Coterra Energy Inc (CTRA) shares are 5.77% up over the last 6 months, with its year-to-date growth rate lower than industry average at -11.95% against -2.00%. The rating firms project that company’s revenue will shrink -1.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 15 analysts is $1.44 billion. Meanwhile, for the quarter ending Jun 2024, a total of 15 analyst(s) estimate revenue growth to $1.37 billion.Earnings reports from the last fiscal year show that sales brought in $1.78 billion and $1.19 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -19.10% before jumping 15.30% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 11.36% for the past 5-year period. While 2024 is set for a -12.38% return in earnings, projections for the next 5 years are at 13.00% annually.
CTRA Dividends
Coterra Energy Inc has its next earnings report out between May 02 and May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Coterra Energy Inc has a forward dividend ratio of 0.81, with the share yield ticking at 2.91% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Coterra Energy Inc (NYSE:CTRA)’s Major holders
Coterra Energy Inc insiders hold 1.99% of total outstanding shares, with institutional holders owning 89.94% of the shares at 91.76% float percentage. In total, 89.94% institutions holds shares in the company, led by Vanguard Group Inc. As of Jun 29, 2023, the company held over 88.03 million shares (or 11.66% of shares), all amounting to roughly $2.23 billion.
The next major institution holding the largest number of shares is Wellington Management Group, LLP with 66.77 million shares, or about 8.84% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $1.69 billion.
We also have Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select as the top two Mutual Funds with the largest holdings of the Coterra Energy Inc (CTRA) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 22.5 million shares. This is just over 2.98% of the total shares, with a market valuation of $569.24 million. Data from the same date shows that the other fund manager holds a little less at 20.62 million, or 2.73% of the shares, all valued at about 581.31 million.
