Coterra Energy (CTRA) Expected to Announce Earnings on Monday

Coterra Energy (NYSE:CTRA) will likely be announcing its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $1.40 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Coterra Energy Price Performance

Shares of CTRA opened at $28.16 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $27.17 and its two-hundred day moving average is $25.37. Coterra Energy has a twelve month low of $22.30 and a twelve month high of $29.95. The firm has a market capitalization of $20.74 billion, a PE ratio of 16.96, a P/E/G ratio of 0.59 and a beta of 0.26.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Morgan Stanley lifted their price target on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research note on Thursday, November 14th. Barclays boosted their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. The Goldman Sachs Group increased their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Raymond James raised their price objective on shares of Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, 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. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.42.

Insider Activity at Coterra Energy

In related news, SVP Kevin William Smith sold 29,643 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total transaction of $775,460.88. Following the transaction, the senior vice president now owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.

About Coterra Energy

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.