Coterra Energy Sees Unusually Large Options Volume (NYSE:CTRA)

Coterra Energy Inc. (NYSE:CTRA) saw unusually large options trading on Thursday. Stock investors bought 40,967 call options on the company. This represents an increase of 266% compared to the typical volume of 11,183 call options.

Institutional Trading of Coterra Energy

Several large investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in shares of Coterra Energy during the second quarter worth approximately $26,000. GoalVest Advisory LLC bought a new position in Coterra Energy in the 4th quarter valued at $28,000. REAP Financial Group LLC boosted its stake in Coterra Energy by 190.1% in the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock worth $28,000 after purchasing an additional 726 shares in the last quarter. Winnow Wealth LLC acquired a new stake in shares of Coterra Energy in the third quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Coterra Energy in the third quarter valued at about $29,000. 87.92% of the stock is owned by institutional investors.

Coterra Energy Stock Up 1.4%

NYSE CTRA opened at $25.72 on Friday. Coterra Energy has a 1-year low of $22.33 and a 1-year high of $29.95. The company has a market capitalization of $19.58 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.44 and a beta of 0.36. The stock’s 50 day moving average is $26.08 and its two-hundred day moving average is $24.75. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Monday, November 3rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. Coterra Energy had a return on equity of 11.23% and a net margin of 23.25%.Coterra Energy’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. Equities analysts forecast that Coterra Energy will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.4%. Coterra Energy’s dividend payout ratio (DPR) is 40.55%.

Analyst Ratings Changes

Several equities analysts recently commented on CTRA shares. Barclays cut their target price on shares of Coterra Energy from $37.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Raymond James Financial upped their price objective on shares of Coterra Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Stephens decreased their target price on Coterra Energy from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 21st. UBS Group boosted their price target on Coterra Energy from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Mizuho upped their price target on Coterra Energy from $33.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

About Coterra Energy

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.