Coterra Energy Inc (NYSE:CTRA) price is hovering higher on Wednesday, April 17, jumping 1.20% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $27.19. The company’s P/E ratio in the trailing 12-month period read 12.93. Taking into account the 52-week price action we note that the stock hit a 52-week high of $29.89 and 52-week low of $22.91. The stock added 3.63% on its value in the past month.
Coterra Energy Inc, which has a market valuation of $20.67 billion. The company stock has a Forward Dividend ratio of 0.81, while the dividend yield is 2.94%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CTRA a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.99. The overview shows that CTRA’s price is at present -0.89% off the SMA20 and 4.04% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 52.41, with weekly volatility standing at 2.56%. The indicator jumps to 1.90% when calculated based on the past 30 days. Coterra Energy Inc (NYSE:CTRA)’s beta value is holding at 0.22, while the average true range (ATR) indicator is currently reading 0.56.
An analysis of the Coterra Energy Inc (NYSE:CTRA) stock in terms of its daily trading volume indicates that the 3-month average is 7.01 million.
Current records show that the company has 751.00M in outstanding shares. The insiders’ percentage holdings are 1.80% of outstanding shares while the percentage share held by institutions stands at 89.71%. But the 7.82% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
