Coterra Energy Inc. to Post Q2 2022 Earnings of $1.19 Per Share, Seaport Res Ptn Forecasts (NYSE:CTRA)

Coterra Energy Inc. (NYSE:CTRAGet Rating) – Stock analysts at Seaport Res Ptn dropped their Q2 2022 earnings estimates for Coterra Energy in a note issued to investors on Wednesday, July 20th. Seaport Res Ptn analyst N. Pope now expects that the company will post earnings of $1.19 per share for the quarter, down from their prior forecast of $1.26. The consensus estimate for Coterra Energy’s current full-year earnings is $4.51 per share. Seaport Res Ptn also issued estimates for Coterra Energy’s Q3 2022 earnings at $1.21 EPS, Q4 2022 earnings at $1.29 EPS and FY2022 earnings at $4.66 EPS.

CTRA has been the topic of a number of other reports. Wells Fargo & Company boosted their target price on shares of Coterra Energy from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, July 11th. Susquehanna Bancshares cut shares of Coterra Energy from a “positive” rating to a “neutral” rating and boosted their target price for the company from $26.00 to $32.00 in a research note on Monday, April 25th. Piper Sandler dropped their price target on shares of Coterra Energy from $34.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday. Citigroup cut shares of Coterra Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $40.00 to $27.00 in a research note on Friday, June 24th. Finally, Raymond James upped their price target on shares of Coterra Energy from $31.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, April 25th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $33.07.

Coterra Energy Stock Down 1.2 %

CTRA opened at $27.71 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.57 and a debt-to-equity ratio of 0.26. The stock has a market cap of $22.33 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.11 and a beta of -0.03. Coterra Energy has a twelve month low of $14.28 and a twelve month high of $36.55. The company’s 50-day moving average price is $29.89 and its two-hundred day moving average price is $26.98.

Coterra Energy (NYSE:CTRAGet Rating) last released its earnings results on Monday, May 2nd. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.20. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Coterra Energy had a net margin of 35.13% and a return on equity of 24.79%. During the same period in the previous year, the company earned $0.36 earnings per share.

Coterra Energy Increases Dividend

The company also recently announced a None dividend, which was paid on Wednesday, May 25th. Investors of record on Friday, May 13th were issued a dividend of $0.60 per share. This represents a yield of 1.8%. The ex-dividend date was Thursday, May 12th. This is a positive change from Coterra Energy’s previous None dividend of $0.50. Coterra Energy’s dividend payout ratio is 27.91%.

Insider Buying and Selling

In related news, EVP Stephen P. Bell sold 36,327 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $35.41, for a total transaction of $1,286,339.07. Following the sale, the executive vice president now owns 351,436 shares of the company’s stock, valued at approximately $12,444,348.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Francis Brian Barron sold 10,000 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $33.52, for a total value of $335,200.00. Following the transaction, the senior vice president now owns 281,212 shares of the company’s stock, valued at approximately $9,426,226.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen P. Bell sold 36,327 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $35.41, for a total transaction of $1,286,339.07. Following the completion of the transaction, the executive vice president now directly owns 351,436 shares in the company, valued at approximately $12,444,348.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,327 shares of company stock valued at $3,213,039. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Coterra Energy

A number of institutional investors have recently made changes to their positions in the stock. Brookstone Capital Management bought a new position in shares of Coterra Energy during the 1st quarter valued at $716,000. Capital Asset Advisory Services LLC bought a new position in shares of Coterra Energy during the 1st quarter valued at $220,000. Simmons Bank bought a new position in shares of Coterra Energy during the 1st quarter valued at $2,369,000. Personal CFO Solutions LLC bought a new position in shares of Coterra Energy during the 1st quarter valued at $356,000. Finally, Xponance Inc. bought a new position in shares of Coterra Energy during the 1st quarter valued at $1,774,000. Institutional investors own 93.40% of the company’s stock.

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.

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

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