Coterra Energy (CTRA) closed at $25.55 in the latest trading session, marking a -0.43% move from the previous day. The stock trailed the S&P 500, which recorded a daily gain of 1.41%. At the same time, the Dow added 0.58%, and the tech-heavy Nasdaq gained 2.2%.
Prior to today’s trading, shares of the independent oil and gas company had gained 3.89% over the past month. This exceeded the gain of the Oils-Energy sector of 3.47% and the gain of S&P 500 of 2.9% at that time.
Coterra Energy’s upcoming earnings release will be of great interest to investors. The company’s upcoming EPS is projected at $0.63, representing a 45.69% drop compared to the same quarter last year. Meanwhile, our latest consensus estimate calls for revenue of $1.58 billion, down 30.62% from the previous quarter.
Additionally, investors should keep an eye on some recent revisions to analyst forecasts for Coterra Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, positive revisions in ratings convey analysts’ confidence in the company’s business performance and profit potential.
Empirical research indicates that these revisions in valuations have a direct correlation with short-term stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and delivers a clear, reasonable rating model.
The Zacks Rank system, which ranges between #1 (Strong Buy) and #5 (Strong Sell), has an impressive record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.75% lower within the past month. Right now, Coterra Energy owns a Zacks Rank of #3 (Hold).
In the context of valuation, Coterra Energy currently trades with a Forward P/E ratio of 8.78. This represents a premium compared to its industry’s average Forward P/E of 7.11.
Meanwhile, CTRA’s PEG ratio is currently 0.16. This popular metric is similar to the widely known P/E ratio, with the difference that the PEG ratio also takes into account the company’s expected earnings growth. The Oil and Gas – Exploration and Production – USA industry had an average PEG ratio of 0.41 as trading ended yesterday.
The Oil and Gas – Exploration and Production – United States industry is part of the Petroleum Energy sector. This industry currently has a Zacks Industry Rank of 240, which places it in the bottom 5% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our particular industry groups by determining the average Zacks Rank of the individual stocks that make up the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock metrics, and many more, at Zacks.com.
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Coterra Energy Inc. (CTRA): Free Analysis Report
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