Stocks of Coterra Energy Inc (NYSE:CTRA) traded higher last session on Wall Street, unchanged to $27.65.
CTRA stock price is now -0.15% away from the 50-day moving average and 3.24% away from the 200-day moving average. The market capitalization of the company currently stands at $20.58B.
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On May 16, 2024, Truist Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $27 to quote $35, while ‘Barclays’ 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 $4.89 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 $2.6 million. A total of 1.81% of the company’s stock is owned by insiders.
During the past 12 months, Coterra Energy Inc has had a low of $23.65 and a high of $29.89. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 1.49, and a quick ratio of 1.46. According to the stock market information, the enterprise value for the company is $22035040256, which is based on a 16.12 price-to-earnings ratio, a 1.24 price-to-earnings-growth ratio, and a beta of 0.24. The fifty day moving average price for CTRA is $27.6918 and a two-hundred day moving average price translates $26.77975 for the stock.
The latest earnings results from Coterra Energy Inc (NYSE: CTRA) was released for 2024-03-31. The net profit margin was 24.29% and return on equity was 10.10% for CTRA. The company reported revenue of $1.43 billion for the quarter, compared to $1.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.36 percent.
