Analysts Set Expectations for Coterra Energy FY2025 Earnings

Coterra Energy Inc. (NYSE:CTRA) – Equities research analysts at Scotiabank cut their FY2025 EPS estimates for Coterra Energy in a report released on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the company will earn $3.12 per share for the year, down from their prior estimate of $3.32. The consensus estimate for Coterra Energy’s current full-year earnings is $1.54 per share.

Several other research analysts have also issued reports on the stock. UBS Group increased their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Raymond James cut their price objective on shares of Coterra Energy from $41.00 to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 12th. Piper Sandler boosted their target price on Coterra Energy from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, March 6th. Jefferies Financial Group increased their price target on Coterra Energy from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.30.

Coterra Energy Price Performance

Coterra Energy stock opened at $29.40 on Monday. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 0.59 and a beta of 0.26. Coterra Energy has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The stock’s 50 day moving average price is $27.96 and its two-hundred day moving average price is $25.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Coterra Energy by 28.4% during the third quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company’s stock valued at $1,705,480,000 after purchasing an additional 15,736,247 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Coterra Energy by 5,744.3% in the 4th quarter. Sterling Capital Management LLC now owns 3,661,696 shares of the company’s stock worth $93,520,000 after buying an additional 3,599,042 shares during the period. Holocene Advisors LP grew its stake in Coterra Energy by 187.2% in the 3rd quarter. Holocene Advisors LP now owns 4,533,269 shares of the company’s stock valued at $108,572,000 after buying an additional 2,954,675 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Coterra Energy by 117.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,817,375 shares of the company’s stock valued at $123,036,000 after acquiring an additional 2,600,801 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Coterra Energy during the fourth quarter worth $61,461,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Michael D. Deshazer sold 35,377 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares in the company, valued at approximately $3,374,617.40. This represents a 21.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin William Smith sold 25,733 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the sale, the senior vice president now directly owns 106,114 shares of the company’s stock, valued at $3,086,856.26. This represents a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Coterra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $0.22 per share. This is a positive change from Coterra Energy’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, March 13th. Coterra Energy’s dividend payout ratio (DPR) is 58.28%.

Coterra Energy Company Profile

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.