Coterra Energy Inc (NYSE: CTRA) has reported earnings for its second fiscal quarter (ending June 30) of $0.30 versus $0.28 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.75 compared to $3.99 a year ago.
Recent Price Action
Coterra Energy Inc (NYSE: CTRA) stock closed at $25.40 on 8/1/24 after a modest decline of -1.6%. Moreover, this decline was accompanied by above average trading volume at 149% of normal. The stock has performed in line with the market over the last nine months and has declined -1.5% 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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Coterra Energy has a good Appreciation Score of 85 but a slightly negative Power Rating of 37, triggering the High 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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