Coterra Energy Inc (NYSE:CTRA) shares, rose in value, with the stock price up by 1.34% to the previous day’s close as strong demand from buyers drove the stock to $24.13.
Actively observing the price movement in the last trading, the stock closed the session at $23.81, falling within a range of $23.84 and $24.36. The value of beta (5-year monthly) was 0.198 whereas the PE ratio was 13.92 over 12-month period. Referring to stock’s 52-week performance, its high was $28.90, and the low was $22.30. On the whole, CTRA has fluctuated by -0.08% over the past month.
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With the market capitalization of Coterra Energy Inc currently standing at about $17.84 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-31. The company’s Forward Dividend Ratio is 0.83, with its dividend yield at 3.44%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CTRA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.87, with the price of CTRA currently trading nearly -0.10% and 1.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.77, while the 7-day volatility ratio is showing 1.91% which for the 30-day chart, stands at 1.98%. Furthermore, Coterra Energy Inc (CTRA)’s beta value is 0.21, and its average true range (ATR) is 0.50.
A comparison of Coterra Energy Inc (CTRA) with its peers suggests the former has fared considerably weaker in the market. CTRA showed an intraday change of 1.34% in last session, and over the past year, it shrunk by -11.71%%.
Data on historical trading for Coterra Energy Inc (NYSE:CTRA) indicates that the trading volumes over the past 10 days have averaged 4.79 and over the past 3 months, they’ve averaged 5.73 million. According to company’s latest data on outstanding shares, there are 751.00 million shares outstanding.
Nearly 1.82% of Coterra Energy Inc’s shares belong to company insiders and institutional investors own 89.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.78 million shares as on 2024-10-15, resulting in a short ratio of 2.88. According to the data, the short interest in Coterra Energy Inc (CTRA) stood at 262.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 16.09 million. The stock has fallen by -5.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CTRA stock heading into the next quarter.
