Coterra Energy FY2025 EPS Forecast Increased by Scotiabank

Coterra Energy Inc. (NYSE:CTRA) – Analysts at Scotiabank raised their FY2025 earnings per share (EPS) estimates for shares of Coterra Energy in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings of $3.32 per share for the year, up from their prior 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.

A number of other equities research analysts also recently weighed in on the stock. Susquehanna upped their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. decreased their price target on shares of Coterra Energy from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Morgan Stanley increased their price objective on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Citigroup lifted their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group upped their target price on Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.53.

Coterra Energy Stock Up 2.9 %

CTRA opened at $27.12 on Friday. The stock’s 50 day moving average price is $25.43 and its 200 day moving average price is $24.95. The stock has a market cap of $19.98 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.64 and a beta of 0.27. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy has a 12 month low of $22.30 and a 12 month high of $28.90.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.21 per share. 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 payout ratio is 50.60%.

Insider Activity

In other news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following the completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Adam M. Vela sold 16,435 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the sale, the senior vice president now directly owns 72,409 shares of the company’s stock, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their position. 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 and other institutional investors have recently made changes to their positions in the business. Values First Advisors Inc. bought a new position in shares of Coterra Energy in the 3rd quarter valued at about $57,000. Tobam bought a new stake in shares of Coterra Energy during the 3rd quarter valued at $63,000. Capital Performance Advisors LLP bought a new position in shares of Coterra Energy in the 3rd 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 valued at $73,000 after buying an additional 450 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Coterra Energy by 48.0% in 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 period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Company Profile

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.