Coterra Energy FY2024 EPS Reduced by Capital One Financial

Coterra Energy Inc. (NYSE:CTRA) – Investment analysts at Capital One Financial decreased their FY2024 earnings per share (EPS) estimates for shares of Coterra Energy in a report issued on Monday, November 11th. Capital One Financial analyst B. Velie now expects that the company will post earnings per share of $1.51 for the year, down from their previous forecast of $1.62. The consensus estimate for Coterra Energy’s current full-year earnings is $1.53 per share. Capital One Financial also issued estimates for Coterra Energy’s Q4 2024 earnings at $0.37 EPS, Q1 2025 earnings at $0.56 EPS, Q2 2025 earnings at $0.51 EPS, Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.54 EPS and FY2025 earnings at $2.13 EPS.

A number of other equities analysts have also commented on CTRA. Mizuho raised their price objective on Coterra Energy from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Susquehanna dropped their price target on Coterra Energy from $33.00 to $30.00 and set a “positive” rating for the company in a research note on Wednesday, September 4th. Roth Mkm upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $25.00 to $29.00 in a research note on Tuesday, August 27th. Wolfe Research assumed coverage on shares of Coterra Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, UBS Group reduced their price target on shares of Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.29.

Coterra Energy Stock Up 1.6 %

Shares of CTRA opened at $25.61 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. Coterra Energy has a 12 month low of $22.30 and a 12 month high of $28.90. The firm’s 50 day moving average is $23.86 and its 200-day moving average is $25.50. The stock has a market capitalization of $18.86 billion, a PE ratio of 15.43, a P/E/G ratio of 1.64 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. Coterra Energy’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC increased its position in shares of Coterra Energy by 154.9% during the second quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock worth $25,000 after buying an additional 567 shares during the period. Larson Financial Group LLC grew its holdings in Coterra Energy by 98.0% during the 2nd quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock worth $29,000 after acquiring an additional 535 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Coterra Energy by 31.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock worth $64,000 after acquiring an additional 557 shares in the last quarter. Values First Advisors Inc. acquired a new position in shares of Coterra Energy in the 3rd quarter valued at about $57,000. Finally, Family Firm Inc. bought a new stake in shares of Coterra Energy during the 2nd quarter valued at about $68,000. 87.92% of the stock is owned by institutional investors.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Thursday, November 14th. Coterra Energy’s payout ratio is 50.60%.

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.