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Coterra Energy (CTRA) Stock Price, News & Analysis

$27.14
-0.05 (-0.18%)
(As of 02:57 PM ET)
Today's Range
$26.64
$27.22
50-Day Range
$23.91
$28.38
52-Week Range
$22.91
$29.89
Volume
4.37 million shs
Average Volume
6.93 million shs
Market Capitalization
$20.41 billion
P/E Ratio
12.68
Dividend Yield
3.10%
Price Target
$32.00

Coterra Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
18.7% Upside
$32.00 Price Target
Short Interest
Healthy
2.34% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.63mentions of Coterra Energy in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.85 M Sold Last Quarter
Proj. Earnings Growth
51.79%
From $1.95 to $2.96 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.23 out of 5 stars

Oils/Energy Sector

39th out of 241 stocks

Crude Petroleum & Natural Gas Industry

17th out of 77 stocks

CTRA stock logo

About Coterra Energy Stock (NYSE:CTRA)

Coterra Energy Inc. is a US-based natural gas play headquartered in Houston, Texas. The company was formed in 1990 as Cabot Oil & Gas Company, a subsidiary of then-parent Cabot Corporation, and it went public later that same year. The spin-off concentrated Cabot Corporation’s energy assets into a single, stand-alone company so it could focus on the core business of chemical and specialty materials production.

By 1991 Cabot Oil & Gas Company was a 100% publicly-owned company with diversified energy operations. Over the years the company made several major acquisitions and divestitures that concentrated its assets in the natural gas exploration, production and sales business. The company’s proven reserves at the end of 2021 topped 2.89 billion barrels of crude oil equivalents which were 85% natural gas and about 8% natural gas liquids and other natural gas products. Only 7% of the reserves were crude oil.

The company acquired Cimarex Energy in 2021 resulting in the name change to Coterra Energy. Cimarex Energy is a specialist in shale oil & natural gas with operations in Texas and Oklahoma so was a natural fit for the company. Today, Coterra Energy operates as an independent oil and gas company focused on natural gas and natural gas liquids in the continental United States. Total revenue in 2021 topped $3.45 billion, the company employs about 935 people, and it is a member of the S&P 500.

Coterra’s largest holding is in the Permian Basin at approximately 234,000 multi-zone acres. The company’s 2nd largest holding is in the Marcellus Shale. It is approximately 177,000 acres situated in the dry gas window. The dry gas window produces the highest grade natural gas that has minimal liquids dissolved into it. Holdings in the Anadarko Basis top 182,000 acres and primarily in the Woodford Shale formation. Coterra also provides services to the natural gas industry in Texas. Coterra’s downstream operations are limited to industrial and bulk customers including natural gas distribution companies, top-tier energy companies, pipelines and public utilities.

Coterra’s Energy’s goal is to provide sustainable returns to its shareholders through a diversified business model. The company's diversified exposure to natural gas, natural gas liquids and crude is intended to help it weather ups and downs in the energy cycle. Portfolio quality is also key to the strategy by providing lower-cost-to-capture resources with higher resale prices. Returns are delivered in the form of dividends which have been paid every quarter since 2007. The company also aims to maintain a strong balance sheet as part of its strategy.

As part of the company’s commitment to sustainability and a lower-carbon future, it invests heavily in new technology. Technology currently in place allows for nearly 100% recycling of water used in production and exploration activities, no flaring except for safety reasons and the electrification of assets whenever possible. Natural gas is critical to the global shift toward greener energy because it is the most efficient use of hydrocarbons.

 

CTRA Stock Price History

CTRA Stock News Headlines

Your eBook: Mastering Earnings Announcements Trading
Trading around earnings announcements (Pre-Earnings, Into-Earnings, and Post-Earnings) provides a unique trading opportunity. That is because trading around earnings announcements presents short-term trading opportunities (these are great because they don’t tie your money up for very long).
Coterra Energy (NYSE:CTRA) PT Raised to $35.00
Coterra Energy (NYSE:CTRA) Coverage Initiated at Barclays
Your eBook: Mastering Earnings Announcements Trading
Trading around earnings announcements (Pre-Earnings, Into-Earnings, and Post-Earnings) provides a unique trading opportunity. That is because trading around earnings announcements presents short-term trading opportunities (these are great because they don’t tie your money up for very long).
Coterra Energy (NYSE:CTRA) PT Lowered to $27.00
CTRA Mar 2024 28.000 put
CTRA Mar 2024 26.000 put
CTRA Mar 2024 25.000 put
CTRA Oct 2024 19.000 put
CTRA Mar 2024 28.000 call
3 Bargain Stocks to Snatch Up Before They Bounce Back
Coterra Energy: Capital Efficiency and Growth Outlook Justify Buy Rating
Coterra Energy: Strategic Capital Efficiency Drives Buy Recommendation
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/28 Dividend
3/13/2024
Dividend Payable
3/28/2024
Today
4/16/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
894
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$32.00
High Stock Price Target
$39.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+17.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
15 Analysts

Profitability

Net Income
$1.63 billion
Pretax Margin
35.98%

Debt

Sales & Book Value

Annual Sales
$5.91 billion
Cash Flow
$4.30 per share
Book Value
$17.33 per share

Miscellaneous

Free Float
739,066,000
Market Cap
$20.44 billion
Optionable
Optionable
Beta
0.21
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Key Executives

Should I Buy Coterra Energy Stock? CTRA Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Coterra Energy Inc.:

  • Coterra Energy Inc. has shown a strong net margin of 27.48%, indicating efficient cost management.
  • The company has a healthy return on equity of 12.97%, reflecting good profitability from shareholders' investments.
  • Coterra Energy Inc. recently increased its dividend to $0.21 per share, demonstrating a commitment to rewarding shareholders.
  • Positive ratings and target price upgrades from various Wall Street analysts suggest confidence in the company's growth potential.
  • Insider buying activity can be a positive signal for investors, indicating confidence in the company's future performance.

Cons

Investors should be bearish about investing in Coterra Energy Inc. for these reasons:

  • Oil and gas industry volatility can impact Coterra Energy's financial performance and stock price.
  • Dependency on commodity prices exposes the company to market fluctuations and economic uncertainties.
  • Regulatory changes in the energy sector could affect Coterra Energy's operations and profitability.
  • Geopolitical events or natural disasters may disrupt production and impact the company's revenue streams.
  • Investors should carefully consider the overall risk associated with investing in the oil and gas sector.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Coterra Energy pros and cons to contact@marketbeat.com.

CTRA Stock Analysis - Frequently Asked Questions

Should I buy or sell Coterra Energy stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coterra Energy in the last year. There are currently 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CTRA shares.
View CTRA analyst ratings
or view top-rated stocks.

What is Coterra Energy's stock price target for 2024?

15 Wall Street research analysts have issued 1-year price targets for Coterra Energy's stock. Their CTRA share price targets range from $26.00 to $39.00. On average, they predict the company's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
View analysts price targets for CTRA
or view top-rated stocks among Wall Street analysts.

How have CTRA shares performed in 2024?

Coterra Energy's stock was trading at $25.52 at the beginning of the year. Since then, CTRA stock has increased by 5.6% and is now trading at $26.95.
View the best growth stocks for 2024 here
.

Are investors shorting Coterra Energy?

Coterra Energy saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 17,240,000 shares, an increase of 7.4% from the March 15th total of 16,050,000 shares. Based on an average trading volume of 7,130,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.3% of the company's stock are sold short.
View Coterra Energy's Short Interest
.

When is Coterra Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CTRA earnings forecast
.

How can I listen to Coterra Energy's earnings call?

Coterra Energy will be holding an earnings conference call on Friday, May 3rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Coterra Energy's earnings last quarter?

Coterra Energy Inc. (NYSE:CTRA) posted its quarterly earnings results 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. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. Coterra Energy had a net margin of 27.48% and a trailing twelve-month return on equity of 12.97%.

How often does Coterra Energy pay dividends? What is the dividend yield for Coterra Energy?

Coterra Energy announced a quarterly dividend on Thursday, February 22nd. Investors of record on Thursday, March 14th will be given a dividend of $0.21 per share on Thursday, March 28th. This represents a $0.84 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, March 13th. This is an increase from the stock's previous quarterly dividend of $0.20.
Read our dividend analysis for CTRA
.

Is Coterra Energy a good dividend stock?

Coterra Energy (NYSE:CTRA) pays an annual dividend of $0.84 per share and currently has a dividend yield of 3.04%. The dividend payout ratio is 39.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTRA will have a dividend payout ratio of 28.38% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTRA.

When did Coterra Energy IPO?

Coterra Energy (CTRA) raised $150 million in an initial public offering on Thursday, August 10th 2017. The company issued 6,000,000 shares at $23.00-$27.00 per share. Citigroup and Jefferies acted as the underwriters for the IPO and Credit Suisse, UBS Investment Bank, Barclays, BMO Capital Markets, Clarksons Platou Securities, FBR, Seaport Global Securities and Seaport Global Securities were co-managers.

Who are Coterra Energy's major shareholders?

Coterra Energy's stock is owned by a variety of retail and institutional investors. Top institutional investors include Portman Square Capital LLP (0.00%), Touchstone Capital Inc. (0.03%), Security National Bank (0.03%), Kwmg LLC (0.03%), Global Assets Advisory LLC (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Christopher Clason, Dan O Dinges, Dan O Dinges, Frances M Vallejo, Francis Brian Barron, Hans Helmerich, Kevin William Smith, Michael D Deshazer, Stephen P Bell, Steven W Lindeman, Thomas E Jorden and Todd M Roemer.
View institutional ownership trends
.

How do I buy shares of Coterra Energy?

Shares of CTRA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CTRA) was last updated on 4/16/2024 by MarketBeat.com Staff

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