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Coterra Energy (CTRA) Stock Moves -0.08%: What You Should Know
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Coterra Energy (CTRA - Free Report) closed at $24.42 in the latest trading session, marking a -0.08% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.53%.
Heading into today, shares of the independent oil and gas company had lost 5.16% over the past month, lagging the Oils-Energy sector's gain of 1.09% and the S&P 500's gain of 4.86% in that time.
Investors will be hoping for strength from Coterra Energy as it approaches its next earnings release. In that report, analysts expect Coterra Energy to post earnings of $0.46 per share. This would mark a year-over-year decline of 65.93%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.35 billion, down 47.43% from the year-ago period.
CTRA's full-year Zacks Consensus Estimates are calling for earnings of $2.50 per share and revenue of $6.18 billion. These results would represent year-over-year changes of -49.39% and -31.71%, respectively.
It is also important to note the recent changes to analyst estimates for Coterra Energy. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 2.72% lower. Coterra Energy currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Coterra Energy has a Forward P/E ratio of 9.78 right now. This represents a premium compared to its industry's average Forward P/E of 7.22.
It is also worth noting that CTRA currently has a PEG ratio of 0.18. 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 0.37 based on yesterday's closing prices.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 217, putting it in the bottom 14% 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.
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Coterra Energy (CTRA) Stock Moves -0.08%: What You Should Know
Coterra Energy (CTRA - Free Report) closed at $24.42 in the latest trading session, marking a -0.08% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.53%.
Heading into today, shares of the independent oil and gas company had lost 5.16% over the past month, lagging the Oils-Energy sector's gain of 1.09% and the S&P 500's gain of 4.86% in that time.
Investors will be hoping for strength from Coterra Energy as it approaches its next earnings release. In that report, analysts expect Coterra Energy to post earnings of $0.46 per share. This would mark a year-over-year decline of 65.93%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.35 billion, down 47.43% from the year-ago period.
CTRA's full-year Zacks Consensus Estimates are calling for earnings of $2.50 per share and revenue of $6.18 billion. These results would represent year-over-year changes of -49.39% and -31.71%, respectively.
It is also important to note the recent changes to analyst estimates for Coterra Energy. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 2.72% lower. Coterra Energy currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Coterra Energy has a Forward P/E ratio of 9.78 right now. This represents a premium compared to its industry's average Forward P/E of 7.22.
It is also worth noting that CTRA currently has a PEG ratio of 0.18. 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 0.37 based on yesterday's closing prices.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 217, putting it in the bottom 14% 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.