Coterra Energy Inc’s recent filing unveils that its Vice Pres & CAO Roemer Todd M unloaded Company’s shares for reported $1.49 million on Mar 20 ’24. In the deal valued at $27.06 per share,55,000 shares were sold. As a result of this transaction, Roemer Todd M now holds 176,758 shares worth roughly $4.95 million.
Then, DeShazer Michael D. sold 14,000 shares, generating $364,840 in total proceeds. Upon selling the shares at $26.06, the VP – Business Units now owns 93,988 shares.
Before that, DINGES DAN O sold 68,275 shares. Coterra Energy Inc shares valued at $1,858,446 were divested by the Director at a price of $27.22 per share. As a result of the transaction, DINGES DAN O now holds 3,152,392 shares, worth roughly $88.33 million.
BofA Securities upgraded its Coterra Energy Inc [CTRA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. UBS also remained covering CTRA and has increased its forecast on December 14, 2023 with a “Buy” recommendation from previously “Neutral” rating. Citigroup revised its rating on December 11, 2023. It rated CTRA as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CTRA
On Monday, Coterra Energy Inc [NYSE:CTRA] saw its stock fall -1.06% to $28.02. Over the last five days, the stock has gained 0.04%. Coterra Energy Inc shares have risen nearly 9.80% since the year began. Nevertheless, the stocks have risen 10.27% over the past one year. While a 52-week high of $29.89 was reached on 04/04/24, a 52-week low of $22.91 was recorded on 02/14/24. SMA at 50 days reached $26.12, while 200 days put it at $26.55. A total of 6.77 million shares were traded, compared to the trading of 4.82 million shares in the previous session.
Levels Of Support And Resistance For CTRA Stock
The 24-hour chart illustrates a support level at 27.86, which if violated will result in even more drops to 27.70. On the upside, there is a resistance level at 28.32. A further resistance level may holdings at 28.63. The Relative Strength Index (RSI) on the 14-day chart is 64.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.82%. Stochastics %K at 72.71% indicates the stock is a holding.
How much short interest is there in Coterra Energy Inc?
A steep rise in short interest was recorded in Coterra Energy Inc stocks on Mar 15, 2024, dropping by -3.74 million shares to a total of 16.05 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 19.79 million shares. There was a decline of -23.3%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.46% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.9.
