FY2025 EPS Estimates for Coterra Energy Boosted by Analyst

Coterra Energy Inc. (NYSE:CTRA) – Equities researchers at Scotiabank increased their FY2025 earnings estimates for Coterra Energy in a note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings per share of $3.32 for the year, up from their prior 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) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned $0.47 earnings per share.

CTRA has been the subject of several other reports. Wells Fargo & Company upped their price objective on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Barclays increased their price target on Coterra Energy from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Piper Sandler dropped their price objective 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. Mizuho raised their target price on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Finally, Truist Financial boosted their price target on shares of Coterra Energy from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.53.

Coterra Energy Stock Performance

Shares of Coterra Energy stock opened at $27.77 on Friday. The firm’s fifty day simple moving average is $25.43 and its 200-day simple moving average is $24.95. Coterra Energy has a 12 month low of $22.30 and a 12 month high of $28.90. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.64 and a beta of 0.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56.

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 paid 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 3.02%. Coterra Energy’s dividend payout ratio is currently 50.60%.

Insider Transactions at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction 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 completion of the sale, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. 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 company’s stock in a transaction dated Tuesday, December 3rd. The shares were 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 of the company’s stock, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Trading of Coterra Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cornercap Investment Counsel Inc. grew its position in 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 acquiring an additional 436 shares during the period. Bruce G. Allen Investments LLC grew 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 worth $73,000 after purchasing an additional 450 shares during the period. Venturi Wealth Management LLC increased its position in Coterra Energy by 1.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 33,559 shares of the company’s stock worth $804,000 after purchasing an additional 474 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Coterra Energy by 4.8% in the third quarter. SeaCrest Wealth Management LLC now owns 10,983 shares of the company’s stock valued at $263,000 after buying an additional 505 shares during the period. Finally, BCGM Wealth Management LLC lifted its position in Coterra Energy by 0.5% during the third quarter. BCGM Wealth Management LLC now owns 101,597 shares of the company’s stock valued at $2,433,000 after buying an additional 514 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

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.