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Potential Price Increase for Coterra Energy Inc (CTRA) After Recent Insider Activity


In a filing, Coterra Energy Inc revealed 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 $4.84 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 $86.25 million.

Barclays initiated its Coterra Energy Inc [CTRA] rating to an Overweight in a research note published on April 10, 2024; the price target was $36. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Wells Fargo also remained covering CTRA and has increased its forecast on December 14, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. UBS revised its rating on December 14, 2023. It rated CTRA as “a Buy” which previously was an “a Neutral”.

Price Performance Review of CTRA

On Tuesday, Coterra Energy Inc [NYSE:CTRA] saw its stock fall -3.63% to $27.36. Over the last five days, the stock has lost -2.74%. Coterra Energy Inc shares have risen nearly 7.21% since the year began. Nevertheless, the stocks have risen 6.88% 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 $27.16, while 200 days put it at $26.76. A total of 6.97 million shares were traded, compared to the trading of 4.09 million shares in the previous session.

Levels Of Support And Resistance For CTRA Stock

The 24-hour chart illustrates a support level at 27.02, which if violated will result in even more drops to 26.67. On the upside, there is a resistance level at 28.04. A further resistance level may holdings at 28.72. The Relative Strength Index (RSI) on the 14-day chart is 45.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.10%. Stochastics %K at 70.14% indicates the stock is a holding.

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