In yesterday’s Wall Street session, Coterra Energy Inc (NYSE:CTRA) shares traded at $23.32, up 1.08% from the previous session.
CTRA stock price is now -1.81% away from the 50-day moving average and -9.64% away from the 200-day moving average. The market capitalization of the company currently stands at $17.18B.
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With the price target enhanced from $25 to $29, ROTH MKM Upgraded its rating from Neutral to Buy for Coterra Energy Inc (NYSE: CTRA). , while ‘BofA Securities’ rates the stock as ‘Buy’
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 $4.12 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 $2.19 million. A total of 1.82% of the company’s stock is owned by insiders.
During the past 12 months, Coterra Energy Inc has had a low of $22.30 and a high of $28.90. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 1.61, and a quick ratio of 1.56. According to the stock market information, the enterprise value for the company is $18704816128, which is based on a 14.16 price-to-earnings ratio, a 0.88 price-to-earnings-growth ratio, and a beta of 0.23. The fifty day moving average price for CTRA is $23.7682 and a two-hundred day moving average price translates $25.8123 for the stock.
The latest earnings results from Coterra Energy Inc (NYSE: CTRA) was released for 2024-09-30. The net profit margin was 22.83% and return on equity was 9.60% for CTRA. The company reported revenue of $1.36 billion for the quarter, compared to $1.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.22 percent.
