Understanding Coterra Energy Inc (NYSE: CTRA)’s Growth Potential

Coterra Energy Inc (NYSE:CTRA) shares, rose in value on Thursday, April 04, with the stock price up by 0.58% to the previous day’s close as strong demand from buyers drove the stock to $28.53.

Actively observing the price movement in the recent trading, the stock is buoying the session at $28.37. The value of beta (5-year monthly) is 0.20 whereas the PE ratio is 13.41 over 12-month period. Referring to stock’s 52-week performance, its high was $29.89, and the low was $22.91. On the whole, CTRA has fluctuated by 6.91% over the past month.

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With the market capitalization of Coterra Energy Inc currently standing at about $21.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 0.81, with its dividend yield at 2.84%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.43, which is expected to increase to $0.52 for fiscal year $1.85 and then to about $2.94 by fiscal year 2025. Data indicates that the EPS growth is expected to be -18.10% in 2025, while the next year’s EPS growth is forecast to be 58.90%.

Analysts have estimated the company’s revenue for the quarter at $1.43 billion, with a low estimate of $1.3 billion and a high estimate of $1.62 billion. According to the average forecast, sales growth in current quarter could jump down -19.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $5.78 billion, representing a decrease of -2.30% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CTRA’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 1.03, with the price of CTRA currently trading nearly 5.17% and 10.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 74.52, while the 7-day volatility ratio is showing 1.54% which for the 30-day chart, stands at 1.70%. Furthermore, Coterra Energy Inc (CTRA)’s beta value is 0.21, and its average true range (ATR) is 0.48.

A comparison of Coterra Energy Inc (CTRA) with its peers suggests the former has fared considerably weaker in the market. CTRA showed an intraday change of 0.58% in today’s session so far, and over the past year, it grew by 13.59%%.

Data on historical trading for Coterra Energy Inc (NYSE:CTRA) indicates that the trading volumes over the past 10 days have averaged 6.14 million and over the past 3 months, they’ve averaged 7.12 million. According to company’s latest data on outstanding shares, there are 751.00 million shares outstanding.

Nearly 1.80% of Coterra Energy Inc’s shares belong to company insiders and institutional investors own 90.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.05 million shares as on Mar 15, 2024, resulting in a short ratio of 1.9. According to the data, the short interest in Coterra Energy Inc (CTRA) stood at 2.14% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 19.79 million. The stock has risen by 11.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CTRA stock heading into the next quarter.