Analysts Set Expectations for Coterra Energy FY2025 Earnings

Coterra Energy Inc. (NYSE:CTRA) – Research analysts at Capital One Financial increased their FY2025 earnings per share estimates for shares of Coterra Energy in a report issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now forecasts that the company will earn $3.20 per share for the year, up from their prior forecast of $2.68. The consensus estimate for Coterra Energy’s current full-year earnings is $1.53 per share.

Several other research firms have also recently weighed in on CTRA. Scotiabank reduced their price objective on 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. Barclays lifted 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. Citigroup raised their price objective on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Mizuho increased their price target on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company increased their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Two 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’s stock. According to data from MarketBeat, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $32.76.

Coterra Energy Stock Up 3.0 %

Coterra Energy stock opened at $28.61 on Monday. The stock has a market capitalization of $21.07 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.64 and a beta of 0.27. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy has a twelve month low of $22.30 and a twelve month high of $28.90. The company has a 50 day moving average of $25.64 and a 200-day moving average of $24.93.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the business posted $0.47 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year.

Hedge Funds Weigh In On Coterra Energy

A number of institutional investors have recently added to or reduced their stakes in CTRA. City State Bank purchased a new position in shares of Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc raised its position in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after buying an additional 744 shares in the last quarter. Values First Advisors Inc. bought a new stake in shares of Coterra Energy during the 3rd quarter worth $57,000. Tobam purchased a new position in Coterra Energy in the third quarter worth $63,000. Finally, Capital Performance Advisors LLP bought a new position in Coterra Energy in the third quarter valued at $67,000. 87.92% of the stock is currently owned by institutional investors.

Insider Activity at Coterra Energy

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction that occurred on 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. 1.70% of the stock is currently owned by company insiders.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Thursday, November 14th. Coterra Energy’s dividend payout ratio (DPR) is presently 50.60%.

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.