In yesterday’s Wall Street session, Coterra Energy Inc (NYSE:CTRA) shares traded at $26.83, up 2.05% from the previous session.
CTRA stock price is now 11.01% away from the 50-day moving average and 3.82% away from the 200-day moving average. The market capitalization of the company currently stands at $19.76B.
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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, Vela Adam M, Officer bought 16,435 shares of the company’s stock on Nov 20 ’24. The stock was bought for $439,869 at an average price of $26.76. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’24, Vice Pres & CAO Roemer Todd M sold 55,000 shares of the business’s stock. A total of $1,488,300 was realized by selling the stock at an average price of $27.06. This leaves the insider owning 176,758 shares of the company worth $4.74 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 $21290328064, which is based on a 16.29 price-to-earnings ratio, a 0.69 price-to-earnings-growth ratio, and a beta of 0.24. The fifty day moving average price for CTRA is $24.169 and a two-hundred day moving average price translates $25.8416 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.
