While Coterra Energy Inc has overperformed by 2.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CTRA rose by 4.22%, with highs and lows ranging from $29.89 to $22.25, whereas the simple moving average jumped by 1.08% in the last 200 days.
On January 05, 2024, BofA Securities Upgraded Coterra Energy Inc (NYSE: CTRA) to Buy. A report published by Wells Fargo on December 14, 2023, Upgraded its rating to ‘Overweight’ for CTRA. UBS also Upgraded CTRA shares as ‘Buy’, setting a target price of $31 on the company’s shares in a report dated December 14, 2023. Citigroup December 11, 2023d the rating to Buy on December 11, 2023, and set its price target from $28 to $30. Raymond James October 24, 2023d its ‘Mkt Perform’ rating to ‘Outperform’ for CTRA, as published in its report on October 24, 2023. Piper Sandler’s report from August 14, 2023 suggests a price prediction of $35 for CTRA shares, giving the stock a ‘Overweight’ rating. JP Morgan also rated the stock as ‘Overweight’.
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Analysis of Coterra Energy Inc (CTRA)
A return on investment can be expected regardless of CTRA’s performance over the next quarter with the dividend set at $0.80 per share. Further, the quarter-over-quarter decrease in sales is -32.91%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Coterra Energy Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 12.64% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.18, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CTRA is recording an average volume of 6.87M. On a monthly basis, the volatility of the stock is set at 2.05%, whereas on a weekly basis, it is put at 1.88%, with a gain of 2.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $31.08, showing growth from the present price of $26.50, which can serve as yet another indication of whether CTRA is worth investing in or should be passed over.
How Do You Analyze Coterra Energy Inc Shares?
A leading company in the Oil & Gas E&P sector, Coterra Energy Inc (CTRA) is based in the USA. When comparing Coterra Energy Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.46, there is a growth in quarterly earnings of -58.24%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.85%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 89.56% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CTRA shares are owned by institutional investors to the tune of 89.56% at present.
