Shares of Coterra Energy Inc. (NYSE:CTRA – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $33.3684.
A number of equities analysts have weighed in on CTRA shares. Pickering Energy Partners lowered Coterra Energy from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 20th. Raymond James Financial set a $38.00 target price on Coterra Energy and gave the stock an “outperform” rating in a research report on Friday, June 13th. Scotiabank reissued an “outperform” rating on shares of Coterra Energy in a research report on Friday, July 11th. Piper Sandler boosted their target price on Coterra Energy from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Mizuho decreased their target price on Coterra Energy from $38.00 to $36.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th.
View Our Latest Research Report on Coterra Energy
Institutional Investors Weigh In On Coterra Energy
Coterra Energy Stock Performance
Shares of Coterra Energy stock opened at $24.09 on Friday. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 0.33 and a beta of 0.33. The firm’s 50-day moving average is $25.00 and its 200 day moving average is $25.89. Coterra Energy has a 1 year low of $22.30 and a 1 year high of $29.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.13 and a quick ratio of 1.08.
Coterra Energy (NYSE:CTRA – Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.78 billion. Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%. The business’s revenue for the quarter was up 54.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 EPS. Sell-side analysts anticipate that Coterra Energy will post 1.54 EPS for the current fiscal year.
Coterra Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, August 14th. Coterra Energy’s dividend payout ratio is currently 42.11%.
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.
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