Landon Capital

Coterra Energy (CTRA) closed at $28.55 in the latest trading session, marking a +0.85% move from the prior day. This move outpaced the S&P 500’s daily gain of 0.84%. At the same time, the Dow added 0.96%, and the tech-heavy Nasdaq gained 0.81%. Coming into today, shares of the independent oil and gas company had gained 2.72% in the past month. In that same time, the Oils-Energy sector gained 2.52%, while the S&P 500 gained 0.19%.

Investors will be hoping for strength from Coterra Energy as it approaches its next earnings release. In that report, analysts expect Coterra Energy to post earnings of $0.46 per share. This would mark a year-over-year decline of 67.61%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.38 billion, down 45.4% from the year-ago period. CTRA’s full-year Zacks Consensus Estimates are calling for earnings of $2.29 per share and revenue of $5.87 billion. These results would represent year-over-year changes of -53.64% and -35.19%, respectively. Investors might also notice recent changes 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. Research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988.

Within the past 30 days, our consensus EPS projection has moved 0.13% lower. Coterra Energy currently has a Zacks Rank of #3 (Hold). In terms of valuation, Coterra Energy is currently trading at a Forward P/E ratio of 12.39. This represents a premium compared to its industry’s average Forward P/E of 10.02.