Coterra Energy Inc.’s Stock Gains 5.03%, But It May Still Be Worth Investing In.

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The trading price of Coterra Energy Inc. (NYSE:CTRA) floating higher at last check on Monday, November 22, closing at $21.00, 5.03% higher than its previous close.

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Traders who pay close attention to intraday price movement should know that it has been fluctuating between $19.8301 and $20.59. The company’s P/E ratio in the trailing 12-month period was 22.87, while its 5Y monthly beta was -0.12. In examining the 52-week price action we see that the stock hit a 52-week high of $22.90 and a 52-week low of $13.83. Over the past month, the stock has lost -2.99% in value.

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Coterra Energy Inc., whose market valuation is $16.90 billion at the time of this writing. The dividend yield on the company stock is 2.25%, while its Forward Dividend ratio is 0.45. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$2.82 per share this quarter, however they have predicted annual earnings per share of -$21.77 for 2020 and -$2.46 for 2021. It means analysts are expecting annual earnings per share growth of -419.60% this year and 88.70% next year.

Analysts have forecast the company to bring in revenue of $367.4 million for the current quarter, with the likely lows of $338.5 million and highs of $396.3 million. The average estimate suggests sales will likely down by -26.10% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2020 is $1.65 billion. The company’s revenue is forecast to drop by -27.70% over what it did in 2020.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Coterra Energy Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CTRA has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CTRA a recommendation rating is 28. Out of them, 9 rate it a Hold, while 15 recommend Buy, whereas 4 assign an Overweight rating. 0 analyst(s) have tagged Coterra Energy Inc. (CTRA) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.31, which symbolizes a positive outlook. A quick review shows that CTRA’s price is currently -1.01% off the SMA20 and 1.48% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.56, and weekly volatility stands at 3.33%. When measured over the past 30 days, the indicator reaches 3.75%. Coterra Energy Inc. (NYSE:CTRA)’s beta value is currently sitting at -0.12, while the Average True Range indicator is currently displaying 0.79. With analysts defining $23.00-$33.00 as the low and high price targets, we arrive at a consensus price target of $28.00 for the trailing 12-month period. The current price is about -9.52% off the estimated low and -57.14% off the forecast high, based on this estimate. Investors will be thrilled if CTRA’s share price rises to $27.50, which is the median consensus price. At that level, CTRA’s share price would be -30.95% below current price.

To see how Coterra Energy Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: CTRA stock’s performance was 5.03% at last check in today’s session, and 20.14% in the past year, while EOG Resources Inc. (EOG) has been trading 0.72% in recent session and positioned 90.87% higher than it was a year ago. Another comparable company Diamondback Energy Inc. (FANG) saw its stock trading 3.38% higher in today’s session but was up 159.05% in a year. Furthermore, Civitas Resources Inc. (CIVI) showed an increase of 0.44% today while its price kept inclining at 115.83% over the past year. Coterra Energy Inc. has a P/E ratio of 22.87, compared to EOG Resources Inc.’s 16.57 and Diamondback Energy Inc.’s 53.02. Also during today’s trading, the S&P 500 Index has surged 0.70%, while the Dow Jones Industrial also saw a positive session, up 0.65% today.

An evaluation of the daily trading volume of Coterra Energy Inc. (NYSE:CTRA) indicates that the 3-month average is 12.42 million. However, this figure has increased over the past 10 days to an average of 6.94 million.

Currently, records show that 399.66 million of the company’s shares remain outstanding. The insiders hold 1.40% of outstanding shares, whereas institutions hold 55.40%. The stats also highlight that short interest as of Oct 28, 2021, stood at 19.92 million shares, resulting in a short ratio of 1.18 at that time. From this, we can conclude that short interest is 2.45% of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 39.18 million. However, since the stock’s price has seen 26.78% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.