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Why the Market Dipped But Coterra Energy (CTRA) Gained Today
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Coterra Energy (CTRA - Free Report) ended the recent trading session at $34.63, demonstrating a +2.85% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.49%. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq decreased by 0.9%.
Prior to today's trading, shares of the independent oil and gas company had lost 6.24% lagged the Oils-Energy sector's loss of 4.6% and the S&P 500's gain of 12.8%.
The investment community will be paying close attention to the earnings performance of Coterra Energy in its upcoming release. It is anticipated that the company will report an EPS of $0.89, marking a 11.25% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $2.05 billion, indicating a 7.92% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.85 per share and revenue of $8.06 billion, indicating changes of +37.02% and +5.44%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Coterra Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 20.52% higher. Coterra Energy is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Coterra Energy is holding a Forward P/E ratio of 11.83. This indicates a premium in contrast to its industry's Forward P/E of 10.85.
Investors should also note that CTRA has a PEG ratio of 0.5 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.95.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 8, placing it within the top 4% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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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Why the Market Dipped But Coterra Energy (CTRA) Gained Today
Coterra Energy (CTRA - Free Report) ended the recent trading session at $34.63, demonstrating a +2.85% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.49%. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq decreased by 0.9%.
Prior to today's trading, shares of the independent oil and gas company had lost 6.24% lagged the Oils-Energy sector's loss of 4.6% and the S&P 500's gain of 12.8%.
The investment community will be paying close attention to the earnings performance of Coterra Energy in its upcoming release. It is anticipated that the company will report an EPS of $0.89, marking a 11.25% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $2.05 billion, indicating a 7.92% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.85 per share and revenue of $8.06 billion, indicating changes of +37.02% and +5.44%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Coterra Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 20.52% higher. Coterra Energy is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Coterra Energy is holding a Forward P/E ratio of 11.83. This indicates a premium in contrast to its industry's Forward P/E of 10.85.
Investors should also note that CTRA has a PEG ratio of 0.5 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.95.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 8, placing it within the top 4% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.