Coterra Energy (CTRA) to Release Quarterly Earnings on Thursday

Coterra Energy (NYSE:CTRA) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.06). Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.54 billion. On average, analysts expect Coterra Energy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Coterra Energy Stock Performance

CTRA opened at $28.39 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. Coterra Energy has a 12-month low of $22.91 and a 12-month high of $29.89. The business has a 50 day moving average of $27.17 and a 200-day moving average of $26.41. The stock has a market cap of $21.34 billion, a price-to-earnings ratio of 13.27 and a beta of 0.21.

Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Wednesday, March 13th. This is a boost from Coterra Energy’s previous quarterly dividend of $0.20. Coterra Energy’s dividend payout ratio is 39.25%.

Wall Street Analysts Forecast Growth

CTRA has been the topic of several research reports. UBS Group upped their price objective on shares of Coterra Energy from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, March 1st. Susquehanna upped their price target on shares of Coterra Energy from $30.00 to $32.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Mizuho restated a “buy” rating and set a $34.00 price objective on shares of Coterra Energy in a research report on Wednesday, April 3rd. Barclays assumed coverage on Coterra Energy in a report on Wednesday, April 10th. They set an “overweight” rating and a $36.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on Coterra Energy from $33.00 to $31.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.47.

Insider Transactions at Coterra Energy

In related news, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the transaction, the chief accounting officer now owns 176,758 shares of the company’s stock, valued at $4,783,071.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the sale, the chief accounting officer now owns 176,758 shares in the company, valued at approximately $4,783,071.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael D. Deshazer sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $26.06, for a total transaction of $364,840.00. Following the transaction, the vice president now owns 93,988 shares of the company’s stock, valued at $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

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.