Coterra Energy Inc. [CTRA] Is Currently 1.94 below its 200 Period Moving Avg: What Does This Mean?


Coterra Energy Inc. [NYSE: CTRA] gained 1.94% or 0.56 points to close at $29.45 with a heavy trading volume of 9274560 shares. The company report on July 21, 2022 that Coterra Energy Schedules Second-Quarter 2022 Results Conference Call for Wednesday, August 3, 2022.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .


Coterra Energy Inc. (“Coterra” or the “Company”) (NYSE: CTRA) today announced it will host a conference call on Wednesday, August 3, 2022, at 9:00 AM CT (10:00 AM ET) to discuss second-quarter 2022 financial and operating results. The Company plans to announce second-quarter 2022 results after the market closes on Tuesday, August 2, 2022.

Conference Call InformationDate: Wednesday, August 3, 2022Time: 10:00 AM ET / 9:00 AM CTDial-in (for callers in the U.S. and Canada): (888) 550-5424Int’l dial-in: (646) 960-0819Conference ID: 3813676.

It opened the trading session at $29.52, the shares rose to $30.03 and dropped to $29.14, the range by which the price of stock traded the whole day. The daily chart for CTRA points out that the company has recorded 55.62% gains over the past six months. However, it is still -119.78% lower than its most recent low trading price.

If we look at the average trading volume of 10.96M shares, CTRA reached to a volume of 9274560 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Coterra Energy Inc. [CTRA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CTRA shares is $37.46 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CTRA stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

MKM Partners have made an estimate for Coterra Energy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 20, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $40 to $27. The new note on the price target was released on June 24, 2022, representing the official price target for Coterra Energy Inc. stock. Previously, the target price had yet another raise from $26 to $32, while Susquehanna kept a Neutral rating on CTRA stock. On March 10, 2022, analysts increased their price target for CTRA shares from 25 to 26.

The Average True Range (ATR) for Coterra Energy Inc. is set at 1.31, with the Price to Sales ratio for CTRA stock in the period of the last 12 months amounting to 5.15. The Price to Book ratio for the last quarter was 2.04, with the Price to Cash per share for the same quarter was set at 1.77. Price to Free Cash Flow for CTRA in the course of the last twelve months was 38.27 with Quick ratio for the last quarter at 1.50.

Trading performance analysis for CTRA stock

Coterra Energy Inc. [CTRA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.66. With this latest performance, CTRA shares gained by 11.76% in over the last four-week period, additionally plugging by 55.62% over the last 6 months – not to mention a rise of 93.96% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CTRA stock in for the last two-week period is set at 57.31, with the RSI for the last a single of trading hit 64.31, and the three-weeks RSI is set at 53.66 for Coterra Energy Inc. [CTRA]. The present Moving Average for the last 50 days of trading for this stock 29.89, while it was recorded at 28.60 for the last single week of trading, and 25.07 for the last 200 days.

Coterra Energy Inc. [CTRA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Coterra Energy Inc. [CTRA] shares currently have an operating margin of +51.58 and a Gross Margin at +56.05. Coterra Energy Inc.’s Net Margin is presently recorded at +31.55.

Return on Equity for this stock inclined to 16.54, with Return on Assets sitting at 9.32.

Coterra Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.60.

Coterra Energy Inc. [CTRA]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CTRA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coterra Energy Inc. go to 10.53%.

An analysis of insider ownership at Coterra Energy Inc. [CTRA]

There are presently around $21,789 million, or 96.30% of CTRA stock, in the hands of institutional investors. The top three institutional holders of CTRA stocks are: VANGUARD GROUP INC with ownership of 91,678,691, which is approximately -5.83% of the company’s market cap and around 1.00% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 84,115,642 shares of the stock with an approximate value of $2.43 billion in CTRA stocks shares; and BLACKROCK INC., currently with $1.93 billion in CTRA stock with ownership of nearly -1.514% of the company’s market capitalization.

Positions in Coterra Energy Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 398 institutional holders increased their position in Coterra Energy Inc. [NYSE:CTRA] by around 48,533,242 shares. Additionally, 349 investors decreased positions by around 57,059,420 shares, while 79 investors held positions by with 648,622,622 shares. The mentioned changes placed institutional holdings at 754,215,284 shares, according to the latest SEC report filing. CTRA stock had 143 new institutional investments in for a total of 11,679,382 shares, while 87 institutional investors sold positions of 8,910,786 shares during the same period.