Taking On Challenges And Growing? – Coterra Energy Inc (CTRA)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Coterra Energy Announces Pricing of Senior Unsecured Notes.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. The current market capitalization of Coterra Energy Inc is $20.65B. A total of 6.0 million shares were traded on the day, compared to an average of 6.92M shares.

In the most recent transaction, Roemer Todd M sold 55,000 shares of CTRA for 27.06 per share on Mar 20 ’24. After the transaction, the Vice Pres & CAO now owns 176,758 company shares. In a previous transaction on Mar 01 ’24, DeShazer Michael D. sold 14,000 shares at 26.06 per share. CTRA shares that VP – Business Units owns now total 93,988.

Among the insiders who sold shares, DINGES DAN O disposed of 68,275 shares on Sep 27 ’23 at a per-share price of $27.22. This resulted in the Director holding 3,152,392 shares of CTRA after the transaction. In another insider transaction, DINGES DAN O sold 81,725 shares at $26.59 per share on Sep 26 ’23. Company shares held by the Director now total 3,220,667.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Coterra Energy Inc pays an annual dividend of $0.81, resulting in a dividend yield of 2.95%, and it has a price to earnings (P/E) ratio of 12.91. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CTRA has a high of $29.89 and a low of $22.91.

As of this writing, CTRA has an earnings estimate of $0.45 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $0.64 per share and a lower estimate of $0.29. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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 4.35.

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