Analyst Expects Coterra Energy Inc (NYSE: CTRA) To Make Big Moves

After Hours

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.

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Stocks Info

As a NYSE listed company, CTRA falls under the Energy sector while operating within the Oil & Gas E&P industry segment. The current market capitalization of Coterra Energy Inc is $20.45B. A total of 5.47 million shares were traded on the day, compared to an average of 7.01M 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

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Coterra Energy Inc pays an annual dividend of $0.81, resulting in a dividend yield of 2.98%, and it has a price to earnings (P/E) ratio of 12.79. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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 $Corteva, Inc. per share for the current quarter. EPS was calculated based on a consensus of CTRU estimates, with a high estimate of $Atara Biotherapeutics, Inc. per share and a lower estimate of $Coterra Energy Inc..

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 4.38.

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