FY2025 EPS Estimates for Coterra Energy Lowered by Analyst

Coterra Energy Inc. (NYSE:CTRA) – Equities researchers at Scotiabank lowered their FY2025 EPS estimates for Coterra Energy in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the company will earn $3.12 per share for the year, down from their prior estimate of $3.32. The consensus estimate for Coterra Energy’s current full-year earnings is $1.54 per share.

A number of other equities research analysts also recently weighed in on CTRA. Johnson Rice raised Coterra Energy from a “hold” rating to an “accumulate” rating and raised their price target for the stock from $34.00 to $37.00 in a research note on Wednesday, March 12th. The Goldman Sachs Group raised their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their target price on shares of Coterra Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Jefferies Financial Group raised their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Finally, UBS Group upped their price objective on shares of Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $34.30.

Coterra Energy Price Performance

CTRA opened at $29.37 on Monday. The stock has a fifty day moving average price of $27.95 and a 200 day moving average price of $25.89. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. Coterra Energy has a 1 year low of $22.30 and a 1 year high of $29.95. The stock has a market cap of $22.44 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.00%. This is a boost from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 13th. Coterra Energy’s dividend payout ratio is currently 58.28%.

Insider Transactions at Coterra Energy

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. DSG Capital Advisors LLC acquired a new stake in Coterra Energy during the fourth quarter worth $322,000. Thoma Capital Management LLC acquired a new stake in shares of Coterra Energy during the 4th quarter valued at about $828,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Coterra Energy by 10.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 50,388 shares of the company’s stock valued at $1,287,000 after acquiring an additional 4,748 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new stake in Coterra Energy in the fourth quarter valued at about $613,000. Finally, Siemens Fonds Invest GmbH acquired a new position in Coterra Energy in the fourth quarter worth about $104,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

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.