FY2022 EPS Estimates for Coterra Energy Inc. (NYSE:CTRA) Decreased by Analyst

Coterra Energy Inc. (NYSE:CTRA – Get Rating) – Jefferies Financial Group reduced their FY2022 EPS estimates for Coterra Energy in a research note issued on Tuesday, January 17th. Jefferies Financial Group analyst L. Byrne now forecasts that the company will post earnings per share of $4.85 for the year, down from their prior estimate of $5.00. Jefferies Financial Group currently has a “Hold” rating and a $32.00 price target on the stock. The consensus estimate for Coterra Energy’s current full-year earnings is $4.89 per share.

Coterra Energy (NYSE:CTRA – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.34 by $0.05. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.43 billion. Coterra Energy had a net margin of 44.15% and a return on equity of 29.82%.

Several other research analysts have also commented on CTRA. Truist Financial lowered shares of Coterra Energy from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a research note on Monday, December 12th. Stifel Nicolaus began coverage on shares of Coterra Energy in a research note on Tuesday, October 25th. They set a “buy” rating and a $40.00 price objective for the company. Morgan Stanley lifted their target price on Coterra Energy from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 19th. Tudor Pickering downgraded Coterra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Finally, Tudor, Pickering, Holt & Co. downgraded Coterra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $32.67.

Coterra Energy Stock Up 1.3 %

NYSE CTRA opened at $25.62 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $25.60 and a two-hundred day moving average of $27.76. The firm has a market capitalization of $20.20 billion, a price-to-earnings ratio of 5.18, a PEG ratio of 0.12 and a beta of 0.25. Coterra Energy has a 52 week low of $18.39 and a 52 week high of $36.55.

Hedge Funds Weigh In On Coterra Energy

A number of large investors have recently added to or reduced their stakes in CTRA. Vanguard Group Inc. bought a new position in Coterra Energy in the first quarter worth about $2,472,575,000. State Street Corp purchased a new stake in shares of Coterra Energy during the first quarter worth about $1,493,855,000. Northern Trust Corp purchased a new stake in shares of Coterra Energy during the first quarter worth about $300,998,000. Price T Rowe Associates Inc. MD grew its stake in shares of Coterra Energy by 599.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 8,710,084 shares of the company’s stock worth $224,633,000 after acquiring an additional 7,464,583 shares during the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Coterra Energy during the first quarter worth about $169,781,000. 94.72% of the stock is currently owned by institutional investors.

Insider Activity at Coterra Energy

In related news, Director Hans Helmerich sold 5,000 shares of Coterra Energy stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $27.64, for a total value of $138,200.00. Following the completion of the sale, the director now directly owns 225,755 shares in the company, valued at $6,239,868.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Coterra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th were issued a $0.68 dividend. This is an increase from Coterra Energy’s previous quarterly dividend of $0.15. This represents a $2.72 annualized dividend and a dividend yield of 10.62%. The ex-dividend date was Tuesday, November 15th. Coterra Energy’s payout ratio is presently 12.12%.

Coterra Energy Company Profile

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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. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.