Coterra Energy stock fundamental analysis (Coterra Energy stock price target)
Coterra energy stocks are going to see a huge increase. The stocks of this company are listed on the New york Stock Exchange. The main business of this company is Gas exploration. The majority revenue of this company is currently USA. If we talk about the results of this company, the fundamentals of this company are very strong. This company is showing huge growth in profits quarter on quarter and year on year. If the business model of any company is strong and the profits of the company are increasing, then there will be a huge increase in shares.
You must be aware that gas exploration business has huge profits. Companies in the gas exploration business have made huge profits. You must know that in winters when it is very cold then gas is required to be used to run the heater in the house. It is very cold there. When the cold increases, people use gas heaters in their homes and offices. The demand for gas is going to increase a lot in USA.
If there is an increase in sales then there will be an increase in profits of this company as well. If there is an increase in the profits of Insurance Australia group company then ultimately there will be a huge increase in the stock of the company. The price of the stock of any company follows the profits of the company.
Coterra Energy stock Technical analysis (Coterra Energy stock price target)
Coterra energy stock has touched a high of $40.41 in sep 2013 and a low of $13.12 in feb 2020. The current price of this company is $24.57. This company’s stock has formed a Triangle pattern. This company’s stock is going to breakout very soon and reach $60.
Hedge funds trading strategy (Coterra Energy stock price target)
The hedge funds started booking profits of around $40.41 in Coterra energy stocks. And the hedge funds started booking profits by selling whatever shares they had in delivery of Coterra energy stocks around $40.41. After selling the shares in delivery, the fund houses started short selling around $33. The hedge funds started covering their shorts around $16.
When this share came to around $13.12, the hedge funds again started buying Coterra energy stocks in delivery. Now hedge funds have started buying in large quantities in delivery. Even at the current price of $24.55, hedge funds are buying Coterra energy stocks in delivery. The hedge fund will sell Coterra energy stocks delivery at $60 and book profits.
Now we will talk about why retail investors make losses in the stock market and hedge funds make huge profits ?
When the price of this share reached around $40.41, then hedge funds spread a rumour through media and newspapers that this share is going to cross $50. And around $40.41 retail investors start buying. When retail investors start buying, then hedge funds start selling the stock to retail investors.
When the price reaches $40.41 the hedge funds start selling the stock in delivery and when it reaches $33 and all the deliveries of the hedge funds are finished then the hedge funds start short selling in future contracts. When the hedge funds do short selling they start covering the short in their future contracts till it reaches $16.
When this share comes around $13.12 the hedge funds spread bad news about Coterra energy in the media and newspapers and the retail investors start selling the stock. When retail investors start selling the stock at a price of $13.12 then the hedge funds also start buying the stock in delivery. As soon as this share crosses its old high of $40.41, they buy in delivery.
When this share crosses $40.41, hedge funds start taking aggressive long position in future contracts. When this share reaches around $60, hedge funds spread very good news about Coterra energy in the media and newspapers. When the price is running at $60, the media people talk of a target of $100. When retail investors start buying at a price of $60, hedge funds start selling in their delivery. Hedge funds book profits at $60. Or retail investors get trapped by making purchases for around $60.
Conclusion
Next target of Coterra energy is $60.