Coterra Energy Inc. (CTRA) To Go Ex-Dividend on March 11th

Coterra Energy Inc. (NYSE:CTRA) declared a quarterly dividend on Thursday, February 26th. Investors of record on Wednesday, March 11th will be given a dividend of 0.22 per share on Wednesday, March 25th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, March 11th.

Coterra Energy has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 4 years. Coterra Energy has a dividend payout ratio of 28.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Coterra Energy to earn $3.13 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 28.1%.

Coterra Energy Price Performance

Shares of CTRA stock opened at $31.12 on Monday. The stock’s fifty day simple moving average is $28.51 and its 200 day simple moving average is $26.11. Coterra Energy has a one year low of $22.33 and a one year high of $32.67. The firm has a market cap of $23.63 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 0.77 and a beta of 0.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Siebert Williams Shank lowered shares of Coterra Energy from a “buy” rating to a “hold” rating in a report on Friday. William Blair started coverage on shares of Coterra Energy in a report on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price target for the company. Stephens boosted their price target on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Raymond James Financial upped their price objective on shares of Coterra Energy from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings upgraded shares of Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a research note on Monday, March 2nd. Fifteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $33.95.

Coterra Energy Company Profile

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.