Roth Capital Research Analysts Reduce Earnings Estimates for Coterra Energy Inc. (NYSE:CTRA)

Coterra Energy Inc. (NYSE:CTRA) – Roth Capital lowered their Q4 2024 earnings per share (EPS) estimates for Coterra Energy in a research report issued on Thursday, May 2nd. Roth Capital analyst L. Mariani now anticipates that the company will post earnings of $0.53 per share for the quarter, down from their previous forecast of $0.60. The consensus estimate for Coterra Energy’s current full-year earnings is $1.82 per share. Roth Capital also issued estimates for Coterra Energy’s Q1 2025 earnings at $0.64 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.79 EPS and FY2025 earnings at $2.42 EPS.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.54 billion.

Several other analysts have also issued reports on the stock. Mizuho upped their price target on shares of Coterra Energy from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Truist Financial decreased their price target on Coterra Energy from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Stifel Nicolaus dropped their price objective on Coterra Energy from $33.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Morgan Stanley lifted their target price on shares of Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Raymond James raised their price target on shares of Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $32.73.

Coterra Energy Trading Down 1.0 %

Shares of CTRA opened at $28.08 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 0.89. Coterra Energy has a fifty-two week low of $22.91 and a fifty-two week high of $29.89. The firm has a 50 day moving average price of $27.39 and a 200-day moving average price of $26.34. The firm has a market cap of $21.11 billion, a price-to-earnings ratio of 16.23 and a beta of 0.22.

Institutional Investors Weigh In On Coterra Energy

A number of institutional investors have recently made changes to their positions in CTRA. SouthState Corp increased its holdings in shares of Coterra Energy by 75.4% in the 3rd quarter. SouthState Corp now owns 1,056 shares of the company’s stock worth $29,000 after purchasing an additional 454 shares in the last quarter. Tennessee Valley Asset Management Partners purchased a new position in Coterra Energy in the 4th quarter worth about $33,000. Wetzel Investment Advisors Inc. bought a new position in Coterra Energy during the 4th quarter valued at about $33,000. VisionPoint Advisory Group LLC boosted its holdings in shares of Coterra Energy by 133.3% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock valued at $35,000 after acquiring an additional 740 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Coterra Energy by 397.7% in the fourth quarter. Headlands Technologies LLC now owns 1,742 shares of the company’s stock worth $44,000 after acquiring an additional 1,392 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Insider Buying and Selling

In related news, VP Michael D. Deshazer sold 14,000 shares of Coterra Energy stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $26.06, for a total transaction of $364,840.00. Following the completion of the transaction, the vice president now directly owns 93,988 shares of the company’s stock, valued at approximately $2,449,327.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Michael D. Deshazer sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $26.06, for a total transaction of $364,840.00. Following the completion of the transaction, the vice president now owns 93,988 shares of the company’s stock, valued at approximately $2,449,327.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the sale, the chief accounting officer now directly owns 176,758 shares in the company, valued at $4,783,071.48. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Coterra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.99%. Coterra Energy’s dividend payout ratio is presently 48.55%.

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.