FY2025 EPS Estimates for Coterra Energy Lowered by Analyst

Coterra Energy Inc. (NYSE:CTRA) – Research analysts at Scotiabank decreased their FY2025 earnings per share estimates for Coterra Energy in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings per share of $3.12 for the year, down from their previous forecast of $3.32. The consensus estimate for Coterra Energy’s current full-year earnings is $1.54 per share.

Several other brokerages also recently commented on CTRA. Barclays upped their target price on Coterra Energy from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Johnson Rice raised Coterra Energy from a “hold” rating to an “accumulate” rating and increased their price objective for the stock from $34.00 to $37.00 in a research note on Wednesday, March 12th. Mizuho increased their price objective on Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Truist Financial increased their price objective on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group increased their price objective on Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.30.

Coterra Energy Trading Down 1.0 %

Shares of NYSE CTRA opened at $28.73 on Monday. Coterra Energy has a 12 month low of $22.30 and a 12 month high of $29.95. The company has a market cap of $21.95 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 0.59 and a beta of 0.26. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $27.94 and a 200-day simple moving average of $25.85.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.06%. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. Coterra Energy’s dividend payout ratio (DPR) is 58.28%.

Insider Transactions at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the transaction, the senior vice president now owns 106,114 shares in the company, valued at $3,086,856.26. This trade represents a 19.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares in the company, valued at approximately $3,374,617.40. This trade represents a 21.82 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coterra Energy

Hedge funds have recently added to or reduced their stakes in the stock. City State Bank bought a new position in Coterra Energy during the 4th quarter worth $26,000. AdvisorNet Financial Inc increased its stake in Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after acquiring an additional 744 shares during the period. MCF Advisors LLC increased its stake in Coterra Energy by 230.5% during the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after acquiring an additional 869 shares during the period. R Squared Ltd bought a new position in Coterra Energy during the 4th quarter worth $32,000. Finally, Plato Investment Management Ltd bought a new position in Coterra Energy during the 4th quarter worth $43,000. Institutional investors own 87.92% of the company’s stock.

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.