It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Coterra Energy Inc. (CTRA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.16%, to $24.50. The Coterra Energy Inc. has recorded 94,105 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Coterra Energy Schedules First-Quarter 2023 Results Conference Call for Friday, May 5, 2023.
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Coterra Energy Inc. is listed on the NYSE in the Energy sector while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $24.46 and fluctuated between $25.00 as its day high and $24.33 as its day low. The current market capitalization of Coterra Energy Inc. is $18.08B. A total of 4.99 million shares were traded on the day, compared to an average of 9.05M shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CTRA has seen 10 BUY and 1 SELL insider trades, representing the acquisition of 577,173 and the disposition of 20,824 shares. Over the last 12 months, there were 22 BUYs and 16 SELLs from insiders. Insiders purchased 1,144,151 shares during that period but sold 1,075,352.
In the most recent transaction, DeShazer Michael D. sold 20,824 shares of CTRA for 24.10 per share on Mar 21. After the transaction, the VP – Business Units now owns 77,406 company shares. In a previous transaction on Dec 01, HELMERICH HANS sold 5,000 shares at 27.64 per share. CTRA shares that Director owns now total 225,755.
Among the insiders who sold shares, BELL STEPHEN P disposed of 36,327 shares on Jun 07 at a per-share price of $35.41. This resulted in the EVP – Business Development holding 351,436 shares of CTRA after the transaction. In another insider transaction, Lindeman Steven W sold 50,000 shares at $35.55 per share on May 26. Company shares held by the Sr Vice Pres, Production & Ops now total 233,002.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Coterra Energy Inc. pays an annual dividend of $2.50, resulting in a dividend yield of 10.22%, and it has a price to earnings (P/E) ratio of 4.81. CTRA’s most recent ex-dividend date was 5/25/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 6/9/2023. Previously, the company paid the dividend on 3/30/2023 with an ex-dividend date of 3/15/2023. The CTRA stock dividend was $0.57 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CTRA in the last 3 months, the mean price target is $30.35 with high estimates of $38.00 and low estimates of $25.00. In terms of 52-week highs and lows, CTRA has a high of $34.73 and a low of $22.25.
As of this writing, CTRA has an earnings estimate of $0.47 per share for the current quarter. EPS was calculated based on a consensus of 26 estimates, with a high estimate of $0.7 per share and a lower estimate of $0.34. The company reported an EPS of $1.16 in the last quarter, which was 5.50% higher than expectations of $1.1.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CTRA’s latest balance sheet shows that the firm has $1.04B in Cash & Short Term Investments as of fiscal 2021. There were $3.12B in debt and $1.22B in liabilities at the time. Its Book Value Per Share was $16.21, while its Total Shareholder’s Equity was $11.74B.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CTRA is Buy with a score of 3.67.