After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed Coterra Energy Reports Fourth-Quarter and Full-Year 2023 Results, Provides 2024 Outlook, and Announces Dividend Increase.
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Stocks Info
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 $25.92 and fluctuated between $26.35 as its day high and $25.83 as its day low. The current market capitalization of Coterra Energy Inc is $19.50B. A total of 6.65 million shares were traded on the day, compared to an average of 6.71M shares.
Insider Activity
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 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 11 BUYs and 7 SELLs from insiders. Insiders purchased 223,807 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 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 $0.80, resulting in a dividend yield of 3.09%, and it has a price to earnings (P/E) ratio of 12.18. CTRA’s most recent ex-dividend date was 3/13/2024 when it declared a $0.21 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 11/30/2023 with an ex-dividend date of 11/15/2023. The CTRA stock dividend was $0.20 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 $31.07 with high estimates of $39.00 and low estimates of $25.00. 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 $0.5 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $0.75 per share and a lower estimate of $0.32. The company reported an EPS of $0.5 in the last quarter, which was 13.60% higher than expectations of $0.44.
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 $3.46B in debt and $1.22B in liabilities at the time. Its Book Value Per Share was $17.36, while its Total Shareholder’s Equity was $11.74B.
Analysts Opinion
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 4.45.
