Q4 2024 EPS Estimates for Coterra Energy Inc. Reduced by Roth Capital (NYSE:CTRA)

Coterra Energy Inc. (NYSE:CTRA) – Research analysts at Roth Capital dropped their Q4 2024 EPS estimates for Coterra Energy in a research note issued to investors on Thursday, May 2nd. Roth Capital analyst L. Mariani now anticipates that the company will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.60. The consensus estimate for Coterra Energy’s current full-year earnings is $1.82 per share. Roth Capital also issued estimates for Coterra Energy’s Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.79 EPS and FY2025 earnings at $2.42 EPS.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%.

CTRA has been the topic of several other research reports. Scotiabank lifted their target price on Coterra Energy from $31.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Stephens reiterated an “overweight” rating and issued a $39.00 target price on shares of Coterra Energy in a research report on Tuesday, January 23rd. Morgan Stanley boosted their price target on shares of Coterra Energy from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. UBS Group upped their price target on shares of Coterra Energy from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Barclays started coverage on Coterra Energy in a research report on Wednesday, April 10th. They set an “overweight” rating and a $36.00 price objective for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.67.

Coterra Energy Price Performance

NYSE CTRA opened at $28.34 on Monday. The company has a current ratio of 0.89, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20. Coterra Energy has a 1 year low of $22.91 and a 1 year high of $29.89. The company has a market cap of $21.31 billion, a PE ratio of 16.38 and a beta of 0.22. The stock’s 50-day moving average price is $27.35 and its two-hundred day moving average price is $26.35.

Institutional Investors Weigh In On Coterra Energy

Several large investors have recently made changes to their positions in CTRA. SouthState Corp increased its holdings in shares of Coterra Energy by 75.4% during the third quarter. SouthState Corp now owns 1,056 shares of the company’s stock worth $29,000 after buying an additional 454 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in Coterra Energy during the 4th quarter valued at $33,000. Tennessee Valley Asset Management Partners bought a new position in Coterra Energy in the 4th quarter valued at $33,000. VisionPoint Advisory Group LLC boosted its stake in Coterra Energy by 133.3% in the third quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock worth $35,000 after purchasing an additional 740 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in Coterra Energy by 397.7% in the fourth quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock worth $44,000 after purchasing an additional 1,392 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Insider Buying and Selling

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

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Wednesday, May 15th. Coterra Energy’s dividend payout ratio is 48.55%.

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.