In the latest trading session, 1.17 million Coterra Energy Inc (NYSE:CTRA) shares changed hands as the company’s beta touched 0.47. With the company’s most recent per share price at $28.95 changing hands around $0.18 or 0.64% at last look, the market valuation stands at $22.12B. CTRA’s current price is a discount, trading about -3.45% off its 52-week high of $29.95. The share price had its 52-week low at $22.30, which suggests the last value was 22.97% up since then. When we look at Coterra Energy Inc’s average trading volume, we note the 10-day average is 6.7 million shares, with the 3-month average coming to 6.47 million.
Analysts gave the Coterra Energy Inc (CTRA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.43. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended CTRA as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Coterra Energy Inc’s EPS for the current quarter is expected to be 0.72.
Coterra Energy Inc (NYSE:CTRA) trade information
Instantly CTRA is in green as seen in intraday trades today. With action 6.33%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 13.36%, with the 5-day performance at 6.33% in the green. However, in the 30-day time frame, Coterra Energy Inc (NYSE:CTRA) is 3.81% up. Looking at the short shares, we see there were 21.23 million shares sold at short interest cover period of 3.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 35, meaning bulls need an upside of 17.29% from its recent market value. According to analyst projections, CTRA’s forecast low is 32 with 37 as the target high. To hit the forecast high, the stock’s price needs a -27.81% plunge from its current level, while the stock would need to soar -10.54% for it to hit the projected low.
Coterra Energy Inc (CTRA) estimates and forecasts
Year-over-year growth is forecast to reach 45.01% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 1.88B. 8 analysts are of the opinion that Coterra Energy Inc’s revenue for the current quarter will be 1.87B. The company’s revenue for the corresponding quarters a year ago was 1.43B and 1.27B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 31.11%. The estimates for the next quarter sales put growth at 47.46%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -1.62%. The 2025 estimates are for Coterra Energy Inc earnings to increase by 81.94%, but the outlook for the next 5-year period is at 30.36% per year.
CTRA Dividends
Coterra Energy Inc is expected to release its next quarterly earnings report on 2025-Feb-23. The 2.94% annual yield figure for the share gives it an annual dividend of 0.85. It is important to note, however, that the 2.94% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.33 per year.
Coterra Energy Inc (NYSE:CTRA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.77% of Coterra Energy Inc shares while 90.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.49%. There are 90.85% institutions holding the Coterra Energy Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.8041% of the shares, roughly 88.53 million CTRA shares worth $2.36 billion.
WELLINGTON MANAGEMENT GROUP LLP holds the second largest percentage of outstanding shares, with 7.4762% or 55.47 million shares worth $1.48 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Fenway Funds-Equity Income Fund and Vanguard Total Stock Market Index Fund. With 24.36 shares estimated at $706.95 million under it, the former controlled 3.19% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.86% of the shares, roughly 21.85 shares worth around $634.16 million.
