Stock Rating Upgrade
In the last week the Value Trend Rating for Coterra Energy Inc (NYSE: CTRA) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Coterra Energy Inc (NYSE: CTRA) stock rose modestly by 0.5% on 8/9/24. The stock closed at $24.10. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has declined -5.1% 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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Coterra Energy has a good Appreciation Score of 85 but a neutral Power Rating of 44, triggering the Positive Value Trend Rating.
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