We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Coterra Energy (CTRA) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
Coterra Energy (CTRA - Free Report) closed at $24.52 in the latest trading session, marking a +0.62% move from the prior day. This move lagged the S&P 500's daily gain of 1.75%. Meanwhile, the Dow gained 1.05%, and the Nasdaq, a tech-heavy index, added 7.84%.
Heading into today, shares of the independent oil and gas company had lost 12.68% over the past month, lagging the Oils-Energy sector's loss of 3.11% and the S&P 500's loss of 4.4% in that time.
Wall Street will be looking for positivity from Coterra Energy as it approaches its next earnings report date. On that day, Coterra Energy is projected to report earnings of $1.26 per share, which would represent year-over-year growth of 51.81%. Meanwhile, our latest consensus estimate is calling for revenue of $2.26 billion, up 1.37% from the prior-year quarter.
CTRA's full-year Zacks Consensus Estimates are calling for earnings of $4.99 per share and revenue of $9.05 billion. These results would represent year-over-year changes of +121.78% and +147.79%, respectively.
Any recent changes to analyst estimates for Coterra Energy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.46% lower. Coterra Energy is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Coterra Energy currently has a Forward P/E ratio of 4.89. This represents a discount compared to its industry's average Forward P/E of 5.
It is also worth noting that CTRA currently has a PEG ratio of 0.09. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.25 based on yesterday's closing prices.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 141, which puts it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Coterra Energy (CTRA) Gains But Lags Market: What You Should Know
Coterra Energy (CTRA - Free Report) closed at $24.52 in the latest trading session, marking a +0.62% move from the prior day. This move lagged the S&P 500's daily gain of 1.75%. Meanwhile, the Dow gained 1.05%, and the Nasdaq, a tech-heavy index, added 7.84%.
Heading into today, shares of the independent oil and gas company had lost 12.68% over the past month, lagging the Oils-Energy sector's loss of 3.11% and the S&P 500's loss of 4.4% in that time.
Wall Street will be looking for positivity from Coterra Energy as it approaches its next earnings report date. On that day, Coterra Energy is projected to report earnings of $1.26 per share, which would represent year-over-year growth of 51.81%. Meanwhile, our latest consensus estimate is calling for revenue of $2.26 billion, up 1.37% from the prior-year quarter.
CTRA's full-year Zacks Consensus Estimates are calling for earnings of $4.99 per share and revenue of $9.05 billion. These results would represent year-over-year changes of +121.78% and +147.79%, respectively.
Any recent changes to analyst estimates for Coterra Energy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.46% lower. Coterra Energy is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Coterra Energy currently has a Forward P/E ratio of 4.89. This represents a discount compared to its industry's average Forward P/E of 5.
It is also worth noting that CTRA currently has a PEG ratio of 0.09. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.25 based on yesterday's closing prices.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 141, which puts it in the bottom 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.