For its first fiscal quarter (ending March 31), Coterra Energy Inc (NYSE: CTRA) has reported a -47% decline in E.P.S. from $0.88 a year ago to $0.47 in the current quarter. This performance was $-0.27 short of the consensus estimate of $0.74. E.P.S. were $1.73 for the latest four quarters through March 31 versus $5.24 for the same period a year ago — a decline of -67%.
Recent Price Action
Coterra Energy Inc (NYSE: CTRA) stock rose modestly by 0.9% on 5/2/24. The stock closed at $27.16. This advance was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months and has declined -4.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CTRA is expected to continue to be an important Value Builder.
Coterra Energy has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Coterra Energy has a good Appreciation Score of 80 but a poor Power Rating of 18, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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