Coterra Energy (CTRA) to Release Quarterly Earnings on Monday

Coterra Energy (NYSE:CTRA - Get Free Report) is projected to post its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect Coterra Energy to post earnings of $0.42 per share and revenue of $1.40 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Coterra Energy Price Performance

Coterra Energy stock traded up $0.06 during midday trading on Thursday, reaching $28.75. 3,827,469 shares of the stock traded hands, compared to its average volume of 5,986,317. The stock's fifty day moving average is $27.11 and its 200-day moving average is $25.34. Coterra Energy has a 12 month low of $22.30 and a 12 month high of $29.95. The stock has a market cap of $21.17 billion, a P/E ratio of 17.32, a PEG ratio of 0.57 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.

Insider Buying and Selling

In other news, SVP Kevin William Smith sold 29,643 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the transaction, the senior vice president now directly owns 77,075 shares in the company, valued at $2,016,282. The trade was a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CTRA has been the topic of a number of recent research reports. Piper Sandler upped their price objective on Coterra Energy from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Coterra Energy from $32.00 to $35.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Citigroup increased their target price on Coterra Energy from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Truist Financial raised their price objective on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, Barclays lifted their price target on Coterra Energy from $33.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.42.

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.