For its third fiscal quarter (ending September 30), Coterra Energy Inc (NYSE: CTRA) has reported a -21% decline in E.P.S. from $0.43 a year ago to $0.34 in the current quarter. For the latest four quarters through September 30, E.P.S. were $1.66 compared to $2.91 a year ago — a decline of -43%.
Recent Price Action
Coterra Energy Inc (NYSE: CTRA) stock declined slightly by -0.9% on 10/31/24. The stock closed at $23.92. Moreover, above average trading volume at 138% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 1.0% 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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Coterra Energy has a very high Appreciation Score of 86 but a poor Power Rating of 22, triggering 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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