Coterra Energy Inc [NYSE: CTRA] stock went on a downward path that fall over 0.00% on Tuesday, amounting to a one-week price decrease of less than -2.47%.
Over the last 12 months, CTRA stock rose by 5.55%. The one-year Coterra Energy Inc stock forecast points to a potential upside of 15.72. The average equity rating for CTRA stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $20.43 billion, with 751.00 million shares outstanding and 737.74 million shares in the current float. Compared to the average trading volume of 7.04M shares, CTRA stock reached a trading volume of 6894254 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $32.26 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 1.90. 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.
Barclays have made an estimate for Coterra Energy Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 10, 2024. The new note on the price target was released on January 05, 2024, representing the official price target for Coterra Energy Inc stock. Previously, the target price had yet another drop from $59 to $30, while Wells Fargo kept a Overweight rating on CTRA stock. On December 14, 2023, analysts decreased their price target for CTRA shares from 33 to 31.
The Average True Range (ATR) for Coterra Energy Inc is set at 0.56, with the Price to Sales ratio for CTRA stock in the period of the last 12 months amounting to 3.64. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 1.28. Price to Free Cash Flow for CTRA in the course of the last twelve months was 13.10 with Quick ratio for the last quarter at 1.18.
CTRA Stock Performance Analysis:
Coterra Energy Inc [CTRA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.47. With this latest performance, CTRA shares gained by 2.91% in over the last four-week period, additionally sinking by -6.53% over the last 6 months – not to mention a rise of 5.55% 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 46.99, with the RSI for the last a single of trading hit 37.64, and the three-weeks RSI is set at 51.42 for Coterra Energy Inc [CTRA]. The present Moving Average for the last 50 days of trading for this stock 26.45, while it was recorded at 27.61 for the last single week of trading, and 26.65 for the last 200 days.
Insight into Coterra Energy Inc Fundamentals:
Coterra Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.18 and a Current Ratio set at 1.21.
CTRA Stock EPS
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 13.00%.
Coterra Energy Inc [CTRA] Institutonal Ownership Details
The top three institutional holders of CTRA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CTRA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CTRA stock with ownership which is approximately 5.8386%.
