FY2025 EPS Estimates for Coterra Energy Decreased by Analyst

Coterra Energy Inc. (NYSE:CTRA) – Stock analysts at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for Coterra Energy in a research report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings per share of $3.12 for the year, down from their prior estimate of $3.32. The consensus estimate for Coterra Energy’s current full-year earnings is $1.54 per share.

Other research analysts also recently issued research reports about the company. Barclays lifted their price target on Coterra Energy from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Johnson Rice raised Coterra Energy from a “hold” rating to an “accumulate” rating and lifted their price target for the stock from $34.00 to $37.00 in a research note on Wednesday, March 12th. Piper Sandler lifted their price target on Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. UBS Group lifted their price target on Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Mizuho lifted their price target on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.30.

Coterra Energy Trading Down 1.0 %

NYSE:CTRA opened at $28.73 on Monday. The company has a market capitalization of $21.95 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy has a 52-week low of $22.30 and a 52-week high of $29.95. The stock has a fifty day simple moving average of $27.94 and a 200-day simple moving average of $25.85.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Czech National Bank grew its stake in Coterra Energy by 6.1% during the 4th quarter. Czech National Bank now owns 159,713 shares of the company’s stock worth $4,079,000 after buying an additional 9,115 shares during the last quarter. Bourgeon Capital Management LLC grew its stake in shares of Coterra Energy by 107.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company’s stock worth $6,052,000 after purchasing an additional 122,487 shares in the last quarter. Hartford Funds Management Co LLC bought a new position in shares of Coterra Energy in the third quarter worth $575,000. M.E. Allison & CO. Inc. bought a new position in shares of Coterra Energy in the fourth quarter worth $217,000. Finally, Barclays PLC grew its stake in shares of Coterra Energy by 3.1% in the third quarter. Barclays PLC now owns 2,147,263 shares of the company’s stock worth $51,425,000 after purchasing an additional 64,753 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the transaction, the senior vice president now directly owns 106,114 shares of the company’s stock, valued at $3,086,856.26. This represents a 19.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the sale, the senior vice president now directly owns 126,770 shares in the company, valued at approximately $3,374,617.40. This represents a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, March 13th. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.06%. Coterra Energy’s payout ratio is 58.28%.

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.