Alert: Negative Fundamental Signals (10/21/24)-Coterra Energy Inc (NYSE: CTRA)

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Recent extremely meaningful negative changes in fundamentals have impacted Coterra Energy Inc (NYSE: CTRA): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

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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 very high Appreciation Score of 87 but a poor Power Rating of 23, leading to the Neutral Value Trend Rating.

Recent Price Action

Coterra Energy Inc (NYSE: CTRA) stock rose slightly by 0.08% on 10/21/24. The stock closed at $23.80. However, trading volume in this advance was below average at 70% of normal. The stock has been weak relative to the market over the last nine months and has declined -4.4% during the last week.

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