FY2025 EPS Estimate for Coterra Energy Boosted by Analyst

Coterra Energy Inc. (NYSE:CTRA - Free Report) - Equities research analysts at Scotiabank lifted their FY2025 earnings estimates for Coterra Energy in a report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings of $3.32 per share for the year, up from their previous estimate of $3.22. Scotiabank 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.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 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 firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business posted $0.47 EPS. The company's revenue was up .2% on a year-over-year basis.

CTRA has been the topic of several other research reports. Susquehanna raised their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the company a "positive" rating in a research report on Thursday, November 14th. UBS Group upped their price target on Coterra Energy from $31.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Citigroup increased their price target on Coterra Energy from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Morgan Stanley upped their target price on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Finally, Piper Sandler dropped their price target on shares of Coterra Energy from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $32.53.

Coterra Energy Stock Up 2.3 %

Shares of Coterra Energy stock traded up $0.62 during trading hours on Friday, reaching $27.77. The company's stock had a trading volume of 11,810,280 shares, compared to its average volume of 6,664,572. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The stock's fifty day simple moving average is $25.43 and its two-hundred day simple moving average is $24.95. The company 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 has a one year low of $22.30 and a one year high of $28.90.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.02%. The ex-dividend date was Thursday, November 14th. Coterra Energy's payout ratio is 50.60%.

Insider Activity

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total value of $439,800.60. Following the transaction, the senior vice president now directly owns 72,409 shares of the company's stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 77,075 shares of the company's stock, valued at approximately $2,016,282. This trade 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 Investors Weigh In On Coterra Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CTRA. Wellington Management Group LLP raised its stake in shares of Coterra Energy by 28.4% during the third quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company's stock valued at $1,705,480,000 after acquiring an additional 15,736,247 shares during the last quarter. Holocene Advisors LP lifted its holdings in Coterra Energy by 187.2% in the 3rd quarter. Holocene Advisors LP now owns 4,533,269 shares of the company's stock worth $108,572,000 after buying an additional 2,954,675 shares during the period. Bank of Montreal Can grew its position in shares of Coterra Energy by 160.1% in the 2nd quarter. Bank of Montreal Can now owns 2,898,876 shares of the company's stock worth $80,154,000 after buying an additional 1,784,192 shares during the last quarter. Weiss Asset Management LP purchased a new stake in Coterra Energy in the third quarter worth $28,380,000. Finally, Marshall Wace LLP boosted its holdings in Coterra Energy by 5,325.5% in the second quarter. Marshall Wace LLP now owns 1,148,569 shares of the company's stock valued at $30,632,000 after acquiring an additional 1,127,399 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

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.