FY2025 EPS Estimates for Coterra Energy Raised by Scotiabank

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

CTRA has been the subject of a number of other reports. Barclays boosted their price objective on Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Citigroup boosted their price objective on Coterra Energy from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler cut their price objective on shares of Coterra Energy from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Wells Fargo & Company increased their target price on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Stephens lifted their price objective on Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.53.

Coterra Energy Price Performance

NYSE CTRA opened at $27.12 on Friday. 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 stock has a 50-day moving average of $25.43 and a 200 day moving average of $24.95. Coterra Energy has a one year low of $22.30 and a one year high of $28.90. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.64 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last announced its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company earned $0.47 EPS. Coterra Energy’s 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 the company. Values First Advisors Inc. purchased a new stake in shares of Coterra Energy during the third quarter worth about $57,000. Tobam purchased a new stake in Coterra Energy during the 3rd quarter worth approximately $63,000. Capital Performance Advisors LLP acquired a new position in shares of Coterra Energy in the 3rd quarter valued at approximately $67,000. Bruce G. Allen Investments LLC grew its position in shares of Coterra Energy by 17.4% during the third quarter. Bruce G. Allen Investments LLC now owns 3,033 shares of the company’s stock worth $73,000 after buying an additional 450 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Coterra Energy by 48.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,479 shares of the company’s stock valued at $90,000 after acquiring an additional 1,128 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Buying and Selling

In other news, SVP Adam M. Vela sold 16,435 shares of the business’s 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 sale, the senior vice president now owns 72,409 shares in the company, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the sale, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at $2,016,282. The trade was 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.10%. Coterra Energy’s dividend payout ratio 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.