After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Coterra Energy Reports Third-Quarter 2023 Results, Announces Quarterly Dividend.
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Stocks Info
The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $24.61 and fluctuated between $24.66 as its day high and $24.26 as its day low. The current market capitalization of Coterra Energy Inc is $18.51B. A total of 6.62 million shares were traded on the day, compared to an average of 6.73M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, CTRA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 7 SELLs from insiders. Insiders purchased 800,980 shares during that period but sold 789,186.
In the most recent transaction, DINGES DAN O sold 68,275 shares of CTRA for 27.22 per share on Sep 27. After the transaction, the Director now owns 3,152,392 company shares. In a previous transaction on Sep 26, DINGES DAN O sold 81,725 shares at 26.59 per share. CTRA shares that Director owns now total 3,220,667.
Among the insiders who sold shares, DINGES DAN O disposed of 400,000 shares on Sep 25 at a per-share price of $26.60. This resulted in the Director holding 3,302,392 shares of CTRA after the transaction. In another insider transaction, DeShazer Michael D. sold 20,824 shares at $24.10 per share on Mar 21. Company shares held by the VP – Business Units now total 77,406.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Coterra Energy Inc pays an annual dividend of $1.20, resulting in a dividend yield of 4.87%, and it has a price to earnings (P/E) ratio of 8.50. CTRA’s most recent ex-dividend date was 11/15/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 11/30/2023. Previously, the company paid the dividend on 8/31/2023 with an ex-dividend date of 8/16/2023. The CTRA stock dividend was $0.20 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CTRA in the last 3 months, the mean price target is $31.43 with high estimates of $39.00 and low estimates of $26.00. In terms of 52-week highs and lows, CTRA has a high of $29.89 and a low of $22.25.
As of this writing, CTRA has an earnings estimate of $0.59 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $0.76 per share and a lower estimate of $0.47. The company reported an EPS of $0.39 in the last quarter, which was 14.70% higher than expectations of $0.34.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $3.46B in debt and $1.22B in liabilities at the time. Its Book Value Per Share was $16.98, while its Total Shareholder’s Equity was $11.74B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.25.
