Coterra Energy (CTRA) closed at $24.89 in the latest trading session, marking a +1.34% move from the prior day. This change outpaced the S&P 500's 0.63% gain on the day. Meanwhile, the Dow experienced a rise of 0.21%, and the technology-dominated Nasdaq saw an increase of 1.52%.
The independent oil and gas company's stock has dropped by 15.28% in the past month, falling short of the Oils-Energy sector's loss of 11.18% and the S&P 500's loss of 0.7%.
The investment community will be closely monitoring the performance of Coterra Energy in its forthcoming earnings report. The company is scheduled to release its earnings on May 5, 2025. The company's earnings per share (EPS) are projected to be $0.78, reflecting a 52.94% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.94 billion, up 35.42% from the year-ago period.
CTRA's full-year Zacks Consensus Estimates are calling for earnings of $2.78 per share and revenue of $7.85 billion. These results would represent year-over-year changes of +65.48% and +43.88%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Coterra Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.98% lower within the past month. Coterra Energy presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Coterra Energy is currently trading at a Forward P/E ratio of 8.84. This indicates a premium in contrast to its industry's Forward P/E of 8.18.
Also, we should mention that CTRA has a PEG ratio of 0.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Oil and Gas - Exploration and Production - United States industry stood at 1.86 at the close of the market yesterday.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 203, placing it within the bottom 18% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Coterra Energy Inc. (CTRA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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