FY2025 EPS Estimates for Coterra Energy Lifted by Analyst

Coterra Energy Inc. (NYSE:CTRA) – Equities researchers at Scotiabank increased their FY2025 EPS estimates for Coterra Energy in a report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng now expects that the company will post earnings of $3.32 per share for the year, up from their prior estimate of $3.22. Scotiabank currently has a “Sector Outperform” rating and a $32.00 price objective on the stock. The consensus estimate for Coterra Energy’s current full-year earnings is $1.53 per share.

Several other analysts have also recently weighed in on the company. Mizuho lifted their price objective on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, December 16th. Citigroup upped their price target on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley raised their price objective on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Susquehanna upped their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company lifted their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $32.53.

Coterra Energy Price Performance

Shares of NYSE CTRA opened at $27.77 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy has a 1 year low of $22.30 and a 1 year high of $28.90. The company’s 50-day moving average is $25.43 and its 200 day moving average is $24.95. The stock has a market capitalization of $20.46 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.64 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Thursday, November 14th. Coterra Energy’s dividend payout ratio is presently 50.60%.

Insider Activity

In other news, SVP Adam M. Vela sold 16,435 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the transaction, the senior vice president now directly owns 72,409 shares in the company, valued at $1,937,664.84. This trade represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the completion of the sale, the senior vice president now owns 77,075 shares in the company, valued at $2,016,282. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Coterra Energy

Several hedge funds have recently made changes to their positions in the business. Cornercap Investment Counsel Inc. grew its stake in Coterra Energy by 0.7% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 66,280 shares of the company’s stock worth $1,768,000 after purchasing an additional 436 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in shares of Coterra Energy by 17.4% during the third quarter. Bruce G. Allen Investments LLC now owns 3,033 shares of the company’s stock worth $73,000 after buying an additional 450 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Coterra Energy by 1.4% during the third quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company’s stock worth $804,000 after buying an additional 474 shares during the period. SeaCrest Wealth Management LLC raised its holdings in Coterra Energy by 4.8% in the third quarter. SeaCrest Wealth Management LLC now owns 10,983 shares of the company’s stock valued at $263,000 after acquiring an additional 505 shares in the last quarter. Finally, BCGM Wealth Management LLC lifted its stake in Coterra Energy by 0.5% in the third quarter. BCGM Wealth Management LLC now owns 101,597 shares of the company’s stock worth $2,433,000 after acquiring an additional 514 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Company Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.