In yesterday’s Wall Street session, Coterra Energy Inc (NYSE:CTRA) shares traded at $26.91, down -1.64% from the previous session.
CTRA stock price is now -0.92% away from the 50-day moving average and 0.55% away from the 200-day moving average. The market capitalization of the company currently stands at $20.22B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $36, Barclays recently initiated with Overweight rating for Coterra Energy Inc (NYSE: CTRA). On January 05, 2024, BofA Securities Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $31, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Roemer Todd M, Vice Pres & CAO sold 55,000 shares of the company’s stock on Mar 20 ’24. The stock was sold for $1,488,300 at an average price of $27.06. Upon completion of the transaction, the Vice Pres & CAO now directly owns 176,758 shares in the company, valued at $4.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, VP – Business Units DeShazer Michael D. sold 14,000 shares of the business’s stock. A total of $364,840 was realized by selling the stock at an average price of $26.06. This leaves the insider owning 93,988 shares of the company worth $2.53 million. A total of 1.78% of the company’s stock is owned by insiders.
During the past 12 months, Coterra Energy Inc has had a low of $22.91 and a high of $29.89. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.21, and a quick ratio of 1.18.
The net profit margin was 28.85% and return on equity was 12.64% for CTRA. The company reported revenue of $1.6 billion for the quarter, compared to $2.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.0 percent.
