A share price of Coterra Energy Inc [CTRA] is currently trading at $24.73, up 2.78%. An important factor to consider is whether the stock is rising or falling in short-term value. The CTRA shares have gain 1.14% over the last week, with a monthly amount drifted -10.24%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Coterra Energy Inc [NYSE: CTRA] stock has seen the most recent analyst activity on August 27, 2024, when ROTH MKM upgraded its rating to a Buy and also boosted its price target to $29 from $25. Truist upgraded its rating to a Buy and increased its price target to $35 on May 16, 2024. Barclays initiated its recommendation with a Overweight and recommended $36 as its price target on April 10, 2024. BofA Securities upgraded its rating to Buy for this stock on January 05, 2024, but kept the price target unchanged to $31. In a note dated December 14, 2023, Wells Fargo upgraded an Overweight rating on this stock and revised its target price from $59 to $30.
Coterra Energy Inc experienced fluctuations in its stock price throughout the past year between $22.30 and $28.90. Currently, Wall Street analysts expect the stock to reach $32.5 within the next 12 months. Coterra Energy Inc [NYSE: CTRA] shares were valued at $24.73 at the most recent close of the market. An investor can expect a potential return of 31.42% based on the average CTRA price forecast.
Analyzing the CTRA fundamentals
Trailing Twelve Months sales for Coterra Energy Inc [NYSE:CTRA] were 5.42B which represents -1.77% decline. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.16.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.21 points at the first support level, and at 23.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.99, and for the 2nd resistance point, it is at 25.26.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Coterra Energy Inc [NYSE:CTRA] is 1.61. On the other hand, the Quick Ratio is 1.56, and the Cash Ratio is 0.78. Considering the valuation of this stock, the price to sales ratio is 3.45, the price to book ratio is 1.40 and price to earnings (TTM) ratio is 15.02.
Transactions by insiders
Recent insider trading involved Smith Kevin William, SVP & Chief Technology Officer, that happened on Dec 03 ’24 when 29643.0 shares were sold. Officer, Smith Kevin William completed a deal on Dec 03 ’24 to buy 29643.0 shares. Meanwhile, SVP & General Counsel Vela Adam M sold 16435.0 shares on Nov 20 ’24.
