Coterra Energy stock falls slightly, outperforming S&P 500 but underperforming sector

From Nasdaq: 2024-04-05 18:15:20

Coterra Energy (CTRA) closed at $28.32, a -0.14% change from the previous day. The stock performed worse than the S&P 500 but better than the tech-heavy Nasdaq. Over the past month, shares have risen by 8.41%, underperforming the Oil-Energy sector but outperforming the S&P 500.

Analysts expect Coterra Energy to report earnings of $0.41 per share, a 52.87% decline YoY. Revenue is estimated at $1.42 billion, down 20.13%. For the full year, earnings are projected at $1.95 per share, a -13.72% change. Recent revisions in analyst estimates indicate potential impacts on stock price performance.

Coterra Energy currently holds a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 14.55, higher than the industry average. The Oil and Gas – Exploration and Production industry ranks at 210 out of 250+, in the bottom 17%. The Zacks Industry Rank can be a critical metric for investors looking ahead.

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Read more at Nasdaq: Coterra Energy (CTRA) Stock Falls Amid Market Uptick: What Investors Need to Know