Coterra Energy FY2025 EPS Estimate Increased by Scotiabank

Coterra Energy Inc. (NYSE:CTRA) – Scotiabank increased their FY2025 earnings estimates for shares of Coterra Energy in a note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Cheng now forecasts that the company will earn $3.32 per share for the year, up from their prior forecast of $3.22. Scotiabank currently has a “Sector Outperform” rating and a $32.00 target price on the stock. The consensus estimate for Coterra Energy’s current full-year earnings is $1.53 per share.

Several other brokerages have also recently weighed in on CTRA. Citigroup raised their price target on shares of Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Stephens lifted their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Barclays lifted their target price on shares of Coterra Energy from $31.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, 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. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $32.53.

Coterra Energy Price Performance

Shares of NYSE CTRA opened at $27.77 on Friday. Coterra Energy has a fifty-two week low of $22.30 and a fifty-two week high of $28.90. The stock has a market cap 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 quick ratio of 1.56 and a current ratio of 1.61. The firm’s 50-day simple moving average is $25.53 and its 200 day simple moving average is $24.95.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The company 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 for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS.

Coterra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.84 dividend on an annualized basis and a yield of 3.02%. Coterra Energy’s dividend payout ratio is 50.60%.

Insider Activity at Coterra Energy

In other news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 77,075 shares in the company, valued at $2,016,282. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Adam M. Vela sold 16,435 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the transaction, the senior vice president now owns 72,409 shares of the company’s stock, valued at $1,937,664.84. This trade represents 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.

Institutional Trading of Coterra Energy

Hedge funds have recently made changes to their positions in the stock. Values First Advisors Inc. bought a new stake in shares of Coterra Energy during the 3rd quarter worth $57,000. Tobam bought a new stake in Coterra Energy in the third quarter worth $63,000. Capital Performance Advisors LLP bought a new stake in Coterra Energy in the third quarter worth $67,000. Bruce G. Allen Investments LLC lifted its stake in Coterra Energy by 17.4% in the third 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 last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Coterra Energy by 48.0% in the second quarter. EverSource Wealth Advisors LLC now owns 3,479 shares of the company’s stock worth $90,000 after purchasing an additional 1,128 shares during the last quarter. 87.92% of the stock is owned by institutional investors.

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.