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Coterra Energy (CTRA) Stock Sinks As Market Gains: What You Should Know
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Coterra Energy (CTRA - Free Report) closed at $24.55 in the latest trading session, marking a -1.17% move from the prior day. This change lagged the S&P 500's daily gain of 0.62%. Meanwhile, the Dow gained 0.5%, and the Nasdaq, a tech-heavy index, lost 5.66%.
Coming into today, shares of the independent oil and gas company had gained 1.55% in the past month. In that same time, the Oils-Energy sector gained 2.66%, while the S&P 500 gained 3.44%.
Coterra Energy will be looking to display strength as it nears its next earnings release. In that report, analysts expect Coterra Energy to post earnings of $0.50 per share. This would mark a year-over-year decline of 62.96%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.4 billion, down 45.46% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.58 per share and revenue of $6.3 billion, which would represent changes of -47.77% and -30.43%, respectively, from the prior year.
Any recent changes to analyst estimates for Coterra Energy should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.21% lower within the past month. Coterra Energy is currently a Zacks Rank #3 (Hold).
In terms of valuation, Coterra Energy is currently trading at a Forward P/E ratio of 9.63. Its industry sports an average Forward P/E of 7.22, so we one might conclude that Coterra Energy is trading at a premium comparatively.
Also, we should mention that CTRA has a PEG ratio of 0.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.37 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 217, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Coterra Energy (CTRA) Stock Sinks As Market Gains: What You Should Know
Coterra Energy (CTRA - Free Report) closed at $24.55 in the latest trading session, marking a -1.17% move from the prior day. This change lagged the S&P 500's daily gain of 0.62%. Meanwhile, the Dow gained 0.5%, and the Nasdaq, a tech-heavy index, lost 5.66%.
Coming into today, shares of the independent oil and gas company had gained 1.55% in the past month. In that same time, the Oils-Energy sector gained 2.66%, while the S&P 500 gained 3.44%.
Coterra Energy will be looking to display strength as it nears its next earnings release. In that report, analysts expect Coterra Energy to post earnings of $0.50 per share. This would mark a year-over-year decline of 62.96%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.4 billion, down 45.46% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.58 per share and revenue of $6.3 billion, which would represent changes of -47.77% and -30.43%, respectively, from the prior year.
Any recent changes to analyst estimates for Coterra Energy should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.21% lower within the past month. Coterra Energy is currently a Zacks Rank #3 (Hold).
In terms of valuation, Coterra Energy is currently trading at a Forward P/E ratio of 9.63. Its industry sports an average Forward P/E of 7.22, so we one might conclude that Coterra Energy is trading at a premium comparatively.
Also, we should mention that CTRA has a PEG ratio of 0.17. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.37 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 217, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.