Are Things Looking Up For Coterra Energy Inc (NYSE: CTRA)?

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.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. The current market capitalization of Coterra Energy Inc is $19.71B. A total of 4.6 million shares were traded on the day, compared to an average of 6.03M 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 dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Coterra Energy Inc pays an annual dividend of $0.82, resulting in a dividend yield of 3.10%, and it has a price to earnings (P/E) ratio of 15.44. CTRA’s most recent ex-dividend date was 5/15/2024 when it declared a $0.21 quarterly dividend that was paid in cash on 5/30/2024. Previously, the company paid the dividend on 3/28/2024 with an ex-dividend date of 3/13/2024. The CTRA stock dividend was $0.21 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. In terms of 52-week highs and lows, CTRA has a high of $29.89 and a low of $23.73.

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 $17.57, 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 4.50.

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