Coterra Energy Inc. (NYSE: CTRA): Is It Possible To Be Up 31.44% YTD And Still Lose Money

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During the last session, Coterra Energy Inc. (NYSE:CTRA)’s traded shares were 10.55 million, with the beta value of the company hitting -0.11. At the end of the trading day, the stock’s price was $20.90, reflecting an intraday loss of -0.24% or -$0.05. The 52-week high for the CTRA share is $23.09, that puts it down -10.48 from that peak though still a striking 33.25% gain since the share price plummeted to a 52-week low of $13.95. The company’s market capitalization is $16.78B, and the average intraday trading volume over the past 10 days was 24.35 million shares, and the average trade volume was 11.58 million shares over the past three months.

Coterra Energy Inc. (CTRA) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 3.00. CTRA has a Sell rating from 1 analyst(s) out of 24 analysts who have looked at this stock. 14 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$2.82.

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Coterra Energy Inc. (CTRA) registered a -0.24% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.24% in intraday trading to $20.90 this Wednesday, 10/13/21, hitting a weekly high. The stock’s 5-day price performance is -3.04%, and it has moved by 14.68% in 30 days. Based on these gigs, the overall price performance for the year is 10.87%. The short interest in Coterra Energy Inc. (NYSE:CTRA) is 39.18 million shares and it means that shorts have 4.3 day(s) to cover.

The consensus price target of analysts on Wall Street is $24.31, which implies an increase of 14.03% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18.00 and $34.00 respectively. As a result, CTRA is trading at a discount of -62.68% off the target high and 13.88% off the low.

Coterra Energy Inc. (CTRA) estimates and forecasts

Statistics show that Coterra Energy Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Coterra Energy Inc. (CTRA) shares have gone up 27.15% during the last six months, with a year-to-date growth rate more than the industry average at 290.74% against 2.10. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 24.00% this quarter and then jump 14.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -27.70% compared to the previous financial year.

Revenue for the current quarter is expected to be $367.4 million as predicted by 2 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $338.3 million by the end of Mar 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $497.23 million and $470.46 million respectively. In this case, analysts expect current quarter sales to shrink by -26.10% and then drop by -28.10% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 30.70%. While earnings are projected to return -69.30% in 2021, the next five years will return 40.83% per annum.

CTRA Dividends

Coterra Energy Inc. is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Coterra Energy Inc. is 0.44, with the dividend yield indicating at 2.11 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 1.39%.

Coterra Energy Inc. (NYSE:CTRA)’s Major holders

Coterra Energy Inc. insiders own 1.03% of total outstanding shares while institutional holders control 50.39%, with the float percentage being 50.91%. Capital World Investors is the largest shareholder of the company, while 674 institutions own stock in it. As of Jun 29, 2021, the company held over 46.56 million shares (or 11.65% of all shares), a total value of $812.86 million in shares.

The next largest institutional holding, with 45.67 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 11.43% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $797.4 million.

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Also, the Mutual Funds coming in first place with the largest holdings of Coterra Energy Inc. (CTRA) shares are Washington Mutual Investors Fund and Income Fund of America Inc. Data provided on Jul 30, 2021 indicates that Washington Mutual Investors Fund owns about 16.75 million shares. This amounts to just over 4.19 percent of the company’s overall shares, with a $267.95 million market value. The same data shows that the other fund manager holds slightly less at 11.33 million, or about 2.84% of the stock, which is worth about $181.34 million.