Analyze Coterra Energy Inc. (NYSE: CTRA) With This Review Before Investing

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Coterra Energy Inc. (NYSE:CTRA) traded at $28.14 at close of the session on Tuesday, 07/19/22, made an upward move of 2.63% on its previous day’s price.

Looking at the stock we see that its previous close was $27.42 and the beta (5Y monthly) reads -0.04 with the day’s price range being $27.16 – $28.25. The company has a trailing 12-month PE ratio of 13.22. In terms of its 52-week price range, CTRA has a high of $36.55 and a low of $13.40. The company’s stock has lost about -1.71% over that past 30 days.

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Coterra Energy Inc. has a market cap of $22.16 billion and is expected to release its quarterly earnings report on Jul 28, 2022 – Aug 01, 2022. With its Forward Dividend at 0.60 and a yield of 2.13%, the company’s investors could be anxious for the CTRA stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.01, with the EPS growth for the year raised at $4.22 for 2022 and $3.45 for next year. These figures represent 87.60% and -18.20% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.96 billion, with a low of $1.54 billion and a high of $2.23 billion. The median projection represents growth squeezing down to 350.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $7.97 billion, or 131.00% up from figures reported last year.

There have been 4 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CTRA stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 26 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 12 have rated the Coterra Energy Inc. (CTRA) stock as a Hold, while 10 rate it as a Buy. 3 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the CTRA stock currently stands at 1.26, and the current price level is 5.97% off its SMA20 and -6.37% from its 50-day simple moving average. The RSI (14) is pointing at 51.36 while the volatility over the past week is 4.08% and jumps to 4.74% over the past one month. The beta value is -0.03, while the average true range (ATR) is currently pointing at 1.36. The average price target for the stock over the next 12 months is $37.54, with the estimates having a low of $27.00 and a high of $47.00. These price ends are 4.05% and -67.02% off the current price level respectively, although investors could be excited at the prospect of a -33.26% if the CTRA share price touches on the median price of $37.50.

Let’s briefly compare Coterra Energy Inc. (CTRA) stock to its peers. We find that current price change of 2.63% and 91.73% over the past 12 months for CTRA competes that of EOG Resources Inc. (EOG), which has seen its stock price rise 4.11% in the last trading session and was 54.13% over the last one year. Another of its peers Diamondback Energy Inc. (FANG) has gained 3.57% previous session, and was 62.16% up over the past year, while Civitas Resources Inc. (CIVI) was also up 5.81% in the last session, while its price remained in the green at 43.98% over the same period. Coterra Energy Inc. has a P/E ratio of 13.22 compared to EOG Resources Inc.’s 13.83 and Diamondback Energy Inc.’s 7.67. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 2.76% and 2.43%, respectively, at close of the trading.

Coming back to Coterra Energy Inc. (NYSE:CTRA), we note that the average 3-month trading volume was 11.21 million, while that of the preceding 10-day period stands at 8.76 million. Current shares outstanding are 810.00 million.

The insiders hold 1.00% of the company’s shares while institutions hold 95.60%. The data shows that short shares as of Apr 28, 2022, stood at 28.63 million at a short ratio of 3.2. This represents a 3.55% short interest in shares outstanding on Apr 28, 2022. Shares short rose in April from the previous month at 27.68 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 52.85% up in year-to-date price movement.