Can Coterra Energy Stock Rebound After Falling 12% Over Last Month?

CTRA: Coterra Energy logo
CTRA
Coterra Energy

Coterra Energy stock (NYSE: CTRA), a company engaged in hydrocarbon exploration, particularly natural gas, has declined by 12% over the last twenty-one trading days (one month) and currently stands at around $25. Natural gas prices in the U.S. slid almost 30% over the last month. One of the reasons that gas prices were hurt was due to the delayed restart of the Freeport liquefied natural gas (LNG) export plant. It should be noted that this facility, which is responsible for exporting 20% of the LNG capacity, does not anticipate commencing the initial restart of its operations until the second half of January 2023.

Given the current macroeconomic situation, U.S.-based companies will avoid meaningful ramping up of gas production, which could ensure that the natural gas supply is partially limited. All this tends to a likely rise in natural gas prices over the coming months.

Now, is CTRA stock poised to decline in the short term or are gains looking more likely? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 67% chance of a rise in CTRA stock over the next month (twenty-one trading days). See our analysis of CTRA’s Stock Chance Of Rise for more details.

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Calculation of ‘Event Probability’ and ‘Chance of rising’ using the last ten years data

[1] Returns of 0.2% or higher over a five-day period on 1275 occasions out of 2518 (51%); Stock rose in the next five days in 613 of these 1275 instances (48%)

[2] Returns of -3% or lower over a ten-day period on 752 occasions out of 2517 (30%); Stock rose in the next ten days in 436 of these 752 instances (58%)

[3] Returns of -12% or lower over a twenty-one-day period on 201 occasions out of 2517 (8%); Stock rose in the next twenty-one days in 135 of these 201 instances (67%)

It is helpful to see how its peers stack up. CTRA Peers shows how Coterra Energy stock compares against peers on metrics that matter. You will find other useful comparisons for companies across industries at Peer Comparisons.

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

 Returns Jan 2023
MTD [1]
2023
YTD [1]
2017-23
Total [2]
 CTRA Return 0% 0% 26%
 S&P 500 Return 0% 0% 71%
 Trefis Multi-Strategy Portfolio 0% 0% 215%

[1] Month-to-date and year-to-date as of 1/2/2023
[2] Cumulative total returns since the end of 2016

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