Coterra Energy FY2024 EPS Lowered by Capital One Financial

Coterra Energy Inc. (NYSE:CTRA) – Investment analysts at Capital One Financial cut their FY2024 earnings per share (EPS) estimates for Coterra Energy in a research note issued on Monday, November 11th. Capital One Financial analyst B. Velie now expects that the company will earn $1.51 per share for the year, down from their previous forecast of $1.62. The consensus estimate for Coterra Energy’s current full-year earnings is $1.53 per share. Capital One Financial also issued estimates for Coterra Energy’s Q4 2024 earnings at $0.37 EPS, Q1 2025 earnings at $0.56 EPS, Q2 2025 earnings at $0.51 EPS, Q3 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.54 EPS and FY2025 earnings at $2.13 EPS.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company posted $0.47 earnings per share. Coterra Energy’s revenue was up .2% compared to the same quarter last year.

Several other research firms have also weighed in on CTRA. Susquehanna raised their price objective on Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Thursday. Piper Sandler lifted their price target on Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays boosted their price objective on Coterra Energy from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Coterra Energy from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, UBS Group decreased their target price on Coterra Energy from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Coterra Energy Trading Up 0.1 %

Shares of NYSE:CTRA opened at $25.44 on Wednesday. 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 has a market capitalization of $18.74 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.64 and a beta of 0.22. Coterra Energy has a 1-year low of $22.30 and a 1-year high of $28.90. The company has a 50 day moving average price of $23.86 and a 200 day moving average price of $25.50.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.30%. Coterra Energy’s dividend payout ratio is currently 50.60%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CTRA. Charles Schwab Investment Management Inc. boosted its position in Coterra Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company’s stock worth $530,645,000 after purchasing an additional 305,626 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Coterra Energy by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 16,963,084 shares of the company’s stock worth $406,266,000 after buying an additional 195,966 shares during the period. King Luther Capital Management Corp grew its stake in Coterra Energy by 4.4% in the 2nd quarter. King Luther Capital Management Corp now owns 6,783,690 shares of the company’s stock valued at $180,921,000 after buying an additional 285,774 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in Coterra Energy by 1.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,063,920 shares of the company’s stock worth $135,055,000 after acquiring an additional 51,249 shares during the period. Finally, American Century Companies Inc. lifted its position in Coterra Energy by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 4,498,227 shares of the company’s stock worth $119,968,000 after acquiring an additional 1,013,107 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

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.