In the last trading session, 4.85 million shares of the Coterra Energy Inc (NYSE:CTRA) were traded, and its beta was 0.21. Most recently the company’s share price was $28.01, and it changed around $0.13 or 0.47% from the last close, which brings the market valuation of the company to $21.06B. CTRA currently trades at a discount to its 52-week high of $29.89, offering almost -6.71% off that amount. The share price’s 52-week low was $22.91, which indicates that the current value has risen by an impressive 18.21% since then. We note from Coterra Energy Inc’s average daily trading volume that its 10-day average is 6.2 million shares, with the 3-month average coming to 7.05 million.
Coterra Energy Inc (NYSE:CTRA) trade information
Instantly CTRA has showed a green trend with a performance of 0.47% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 9.76% year-to-date, but still up 2.64% over the last five days. On the other hand, Coterra Energy Inc (NYSE:CTRA) is 8.65% up in the 30-day period. We can see from the shorts that 16.05 million shares have been sold at a short interest cover period of 1.9 day(s).
The consensus price target as assigned by Wall Street analysts is $28.56, which translates to bulls needing to increase their stock price by 1.93% from its current value. Analyst projections state that CTRA is forecast to be at a low of $18 and a high of $43.
Coterra Energy Inc (CTRA) estimates and forecasts
Coterra Energy Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.74 percent over the past six months and at a -11.95% annual growth rate that is well below the industry average of -3.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -49.40% in revenue this quarter, and will report a decrease of -2.60% in the next quarter. The year-over-year growth rate is expected to be -1.90%, down from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $1.44 billion in revenue for the current quarter. 15 analysts expect Coterra Energy Inc to make $1.37 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.78 billion and $1.19 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -19.10%. Forecasts for the next quarter put sales growth at 15.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.36%. Coterra Energy Inc earnings are expected to increase by -14.39% in 2024, but the outlook is positive 13.00% per year for the next five years.
CTRA Dividends
Coterra Energy Inc’s next quarterly earnings report is expected to be released around May 02 and May 06. The annual dividend yield of the stock is 2.89 percent and its annual dividend per share was 0.81. It is important to note, however, that the 2.89% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Coterra Energy Inc (NYSE:CTRA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.99% of Coterra Energy Inc shares, and 89.94% of them are in the hands of institutional investors. The stock currently has a share float of 91.77%. Coterra Energy Inc stock is held by 1,200 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 11.66% of the shares, which is about 88.03 million shares worth $2.23 billion.
Wellington Management Group, LLP, with 8.84% or 66.77 million shares worth $1.69 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select were the top two Mutual Funds as of Jun 29, 2023. The former held 22.5 million shares worth $569.24 million, making up 2.98% of all outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held roughly 20.62 million shares worth around $581.31 million, which represents about 2.73% of the total shares outstanding.
