Coterra Energy Inc. stock trades under the ticker CTRA & has shown recent bullish behavior that traders & investors should research further into.
CTRA stock closed at $26.34/share on 7/12/2022.
Coterra Energy Inc. CTRA Stock’s Technical Performance Broken Down
CTRA Stock Price: $26.34
10 Day Moving Average: $26.29
50 Day Moving Average: $30.28
200 Day Moving Average: $24.06
RSI: 39.37
MACD: -1.399
Yesterday, CTRA stock completed a bullish MACD crossover, settling just above its 50 day moving average.
Their RSI is still oversold & recent volumes have been about average compared to the year prior, signaling that while there is still some uncertainty around the stock, there may be more momentum in the near-term.
They will need to stay above the $25.37/share support level, and break above the $27.27 & $28.37/share resistance levels to continue climbing higher.
Coterra Energy Inc. CTRA Stock As A Long-Term Investment
Long-term oriented investors will like CTRA stock’s valuation metrics, with a 9.67 P/E (ttm) & a 1.81 P/B (mrq).
They recently reported 324.3% Quarterly Revenue Growth Y-o-Y, with 382.5% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will need a closer examination, with $1.45B of Total Cash (mrq) & $3.44B of Total Debt (mrq).
CTRA stock pays a 4.1% dividend yield, which appears stable in the long-term, with an 18.2% payout ratio.
95.5% of CTRA stock’s outstanding share float is owned by institutional investors.
Coterra Energy Inc. CTRA Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from CTRA stock’s price movements, while also hedging against broader market volatility.
I am looking at the contracts with the 7/22 expiration date.
The $25, $26 & $24 call options are all in-the-money, listed from highest to lowest levels of open interest.
The $28, $27.50, $27 & $26.50 puts are also all in-the-money, named in order to most to least liquid strikes.
Tying It All Together
CTRA stock has many characteristics that traders & investors are sure to find appealing.
Investors will like their valuation metrics & dividend yield, but may want to look closer into the structure of their balance sheet.
Traders will like their current momentum, but may find that their options are not as liquid as they’d like them to be.
All-in-all, CTRA stock is worth taking a closer look into to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF CTRA STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***