Coterra Energy Inc. Forecasted to Earn FY2022 Earnings of $4.85 Per Share (NYSE:CTRA)

Coterra Energy Inc. (NYSE:CTRA – Get Rating) – Investment analysts at Jefferies Financial Group dropped their FY2022 earnings estimates for shares of Coterra Energy in a report released on Tuesday, January 17th. Jefferies Financial Group analyst L. Byrne now anticipates that the company will earn $4.85 per share for the year, down from their prior forecast of $5.00. Jefferies Financial Group has a “Hold” rating and a $32.00 price target on the stock. The consensus estimate for Coterra Energy’s current full-year earnings is $4.89 per share.

Several other research analysts have also commented on CTRA. Wolfe Research upgraded shares of Coterra Energy from an “underperform” rating to a “peer perform” rating in a report on Monday, November 7th. Morgan Stanley upped their target price on shares of Coterra Energy from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 19th. Piper Sandler reduced their target price on shares of Coterra Energy from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, November 17th. Tudor Pickering downgraded shares of Coterra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Finally, Truist Financial downgraded shares of Coterra Energy from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research report on Monday, December 12th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.67.

Coterra Energy Stock Up 1.3 %

Shares of NYSE CTRA opened at $25.62 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.62 and a debt-to-equity ratio of 0.17. Coterra Energy has a 12 month low of $18.39 and a 12 month high of $36.55. The firm has a market capitalization of $20.20 billion, a PE ratio of 5.18, a price-to-earnings-growth ratio of 0.12 and a beta of 0.25. The firm has a fifty day simple moving average of $25.60 and a two-hundred day simple moving average of $27.76.

Coterra Energy (NYSE:CTRA – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.34 by $0.05. Coterra Energy had a net margin of 44.15% and a return on equity of 29.82%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.43 billion.

Institutional Trading of Coterra Energy

A number of institutional investors have recently made changes to their positions in the stock. Bourgeon Capital Management LLC boosted its holdings in shares of Coterra Energy by 16.4% during the 4th quarter. Bourgeon Capital Management LLC now owns 139,800 shares of the company’s stock valued at $3,435,000 after acquiring an additional 19,650 shares during the last quarter. Goelzer Investment Management Inc. purchased a new stake in shares of Coterra Energy during the 4th quarter valued at about $1,054,000. Kirr Marbach & Co. LLC IN boosted its holdings in shares of Coterra Energy by 3.5% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 208,777 shares of the company’s stock valued at $5,130,000 after acquiring an additional 7,132 shares during the last quarter. Western Financial Corp CA purchased a new stake in shares of Coterra Energy during the 4th quarter valued at about $564,000. Finally, Strategic Investment Advisors MI bought a new position in shares of Coterra Energy in the 4th quarter worth approximately $768,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Insider Activity at Coterra Energy

In related news, Director Hans Helmerich sold 5,000 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $27.64, for a total transaction of $138,200.00. Following the sale, the director now directly owns 225,755 shares of the company’s stock, valued at approximately $6,239,868.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

Coterra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 10.62%. This is an increase from Coterra Energy’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, November 15th. Coterra Energy’s dividend payout ratio is 12.12%.

About Coterra Energy

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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.