Equities Analysts Issue Forecasts for Coterra Energy Inc.’s Q4 2024 Earnings (NYSE:CTRA)

Coterra Energy Inc. (NYSE:CTRA) – Investment analysts at Roth Capital cut their Q4 2024 EPS estimates for Coterra Energy in a report issued on Thursday, May 2nd. Roth Capital analyst L. Mariani now forecasts that the company will post earnings per share of $0.53 for the quarter, down from their prior estimate 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.

Several other research firms have also commented on CTRA. Raymond James boosted their price target on shares of Coterra Energy from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Scotiabank upped their target price on Coterra Energy from $31.00 to $35.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. UBS Group lifted their price target on Coterra Energy from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, March 1st. Susquehanna raised their price objective on Coterra Energy from $32.00 to $33.00 and gave the company a “positive” rating in a research report on Tuesday. Finally, Truist Financial reduced their target price on shares of Coterra Energy from $30.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 5th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.73.

Coterra Energy Stock Performance

CTRA stock opened at $28.08 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 1.18. Coterra Energy has a 1-year low of $22.91 and a 1-year high of $29.89. The business has a 50-day moving average price of $27.39 and a 200 day moving average price of $26.34. The company has a market capitalization of $21.11 billion, a P/E ratio of 16.23 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.54 billion.

Hedge Funds Weigh In On Coterra Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Balyasny Asset Management L.P. acquired a new position in Coterra Energy in the fourth quarter valued at approximately $54,625,000. SG Americas Securities LLC boosted its holdings in Coterra Energy by 2,609.6% during the first quarter. SG Americas Securities LLC now owns 1,541,342 shares of the company’s stock worth $42,973,000 after buying an additional 1,484,458 shares in the last quarter. Schroder Investment Management Group grew its position in Coterra Energy by 21.7% during the third quarter. Schroder Investment Management Group now owns 7,187,516 shares of the company’s stock valued at $194,422,000 after buying an additional 1,281,094 shares during the period. Bridgewater Associates LP purchased a new position in Coterra Energy in the fourth quarter valued at $31,112,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Coterra Energy by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,465,383 shares of the company’s stock worth $267,089,000 after acquiring an additional 848,519 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insiders Place Their Bets

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

Coterra Energy Dividend Announcement

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

About Coterra Energy

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.