Coterra Energy Sees Unusually High Options Volume (NYSE:CTRA)

Coterra Energy Inc. (NYSE:CTRA - Get Free Report) saw some unusual options trading on Tuesday. Investors acquired 15,767 call options on the stock. This represents an increase of 396% compared to the typical volume of 3,178 call options.

Analyst Ratings Changes

CTRA has been the topic of a number of research reports. UBS Group raised their price objective on Coterra Energy from $31.00 to $35.00 and gave the company a "buy" rating in a report on Friday, November 15th. Piper Sandler decreased 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 note on Tuesday, December 17th. Stephens upped their price objective on shares of Coterra Energy from $28.00 to $29.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Susquehanna lifted 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, Scotiabank cut their price target on shares of Coterra Energy from $35.00 to $32.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $32.53.

Coterra Energy Stock Up 0.1 %

CTRA traded up $0.02 during trading on Tuesday, reaching $25.54. The stock had a trading volume of 4,507,647 shares, compared to its average volume of 6,218,170. 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 company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.64 and a beta of 0.27. The stock's 50 day moving average is $25.08 and its two-hundred day moving average is $24.94. Coterra Energy has a one year low of $22.30 and a one year high of $28.90.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Coterra Energy will post 1.53 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.29%. Coterra Energy's payout ratio is presently 50.60%.

Insider Activity

In related news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following the sale, the senior vice president now owns 77,075 shares in the company, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Adam M. Vela sold 16,435 shares of the business's stock in a transaction dated 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 owns 72,409 shares of the company's stock, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coterra Energy

A number of hedge funds have recently bought and sold shares of CTRA. Cornercap Investment Counsel Inc. lifted its holdings in shares of Coterra Energy by 0.7% during the second quarter. Cornercap Investment Counsel Inc. now owns 66,280 shares of the company's stock valued at $1,768,000 after purchasing an additional 436 shares in the last quarter. Bruce G. Allen Investments LLC boosted its holdings in shares of Coterra Energy by 17.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 3,033 shares of the company's stock valued at $73,000 after acquiring an additional 450 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Coterra Energy by 1.4% in the third quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company's stock worth $804,000 after acquiring an additional 474 shares during the period. SeaCrest Wealth Management LLC raised its holdings in shares of Coterra Energy by 4.8% during the third quarter. SeaCrest Wealth Management LLC now owns 10,983 shares of the company's stock valued at $263,000 after purchasing an additional 505 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Coterra Energy by 8.4% during the second quarter. Signaturefd LLC now owns 6,557 shares of the company's stock valued at $175,000 after purchasing an additional 507 shares during the period. Institutional investors 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.