Coterra Energy Inc. (NYSE:CTRA) Forecasted to Earn Q1 2022 Earnings of $0.79 Per Share

Coterra Energy Inc. (NYSE:CTRAGet Rating) – Seaport Res Ptn upped their Q1 2022 earnings per share estimates for shares of Coterra Energy in a report issued on Tuesday, April 19th. Seaport Res Ptn analyst N. Pope now anticipates that the company will earn $0.79 per share for the quarter, up from their prior forecast of $0.74. Seaport Res Ptn also issued estimates for Coterra Energy’s Q2 2022 earnings at $1.22 EPS.

CTRA has been the subject of a number of other reports. Zacks Investment Research raised shares of Coterra Energy from a “strong sell” rating to a “hold” rating in a report on Monday, April 11th. Piper Sandler increased their target price on shares of Coterra Energy from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, April 7th. Morgan Stanley dropped their price objective on shares of Coterra Energy from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 25th. Mizuho raised their price objective on shares of Coterra Energy from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, April 8th. Finally, Wells Fargo & Company raised their price objective on shares of Coterra Energy from $31.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, March 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $30.64.

Shares of Coterra Energy stock opened at $30.47 on Wednesday. Coterra Energy has a 12-month low of $14.28 and a 12-month high of $31.42. The company has a current ratio of 1.75, a quick ratio of 1.72 and a debt-to-equity ratio of 0.27. The stock has a market cap of $24.71 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 0.17 and a beta of -0.17. The company has a 50-day moving average of $25.71 and a two-hundred day moving average of $22.60.

Coterra Energy (NYSE:CTRAGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported $0.83 EPS for the quarter, missing the Zacks’ consensus estimate of $1.02 by ($0.19). The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.81 billion. Coterra Energy had a net margin of 33.58% and a return on equity of 23.16%. Coterra Energy’s revenue for the quarter was up 387.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 17th. Investors of record on Monday, March 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, March 4th. This represents a $0.60 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.13. Coterra Energy’s dividend payout ratio (DPR) is 34.88%.

In other Coterra Energy news, SVP Francis Brian Barron sold 10,000 shares of Coterra Energy stock in a transaction on Friday, March 25th. The shares were sold at an average price of $28.04, for a total value of $280,400.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Thomas E. Jorden purchased 40,000 shares of the firm’s stock in a transaction on Monday, February 28th. The stock was bought at an average price of $23.17 per share, for a total transaction of $926,800.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 144,385 shares of company stock worth $3,825,792. 1.60% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Joseph P. Lucia & Associates LLC acquired a new position in shares of Coterra Energy during the 1st quarter valued at $32,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Coterra Energy during the 1st quarter valued at $59,000. Northwest Investment Counselors LLC acquired a new position in shares of Coterra Energy during the 1st quarter valued at $61,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Coterra Energy during the 1st quarter valued at $81,000. Finally, Canton Hathaway LLC acquired a new position in shares of Coterra Energy during the 1st quarter valued at $189,000. Institutional investors and hedge funds own 66.13% of the company’s stock.

Coterra Energy Company Profile (Get Rating)

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.

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Earnings History and Estimates for Coterra Energy (NYSE:CTRA)

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