Brokers Set Expectations for Coterra Energy FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Coterra to $2.42 from $2.22 and keeps a "Sector Perform" rating with a $32 price target, while the consensus FY2026 EPS is $2.87.
• Multiple brokers have recently lifted price targets and ratings (e.g., Mizuho to $43/outperform, Wolfe to $46/outperform, Capital One to $46/overweight, Citigroup to $42/buy), leaving a consensus rating of Moderate Buy with a $37.13 target.
• CTRA trades around $33.50 with a market cap of $25.44 billion and a P/E of ~14.7, pays a quarterly dividend of $0.22 (annualized yield ~2.6%), and is roughly 88% institutionally owned.

Coterra Energy Inc. (NYSE:CTRA - Free Report) - Analysts at Scotiabank lifted their FY2026 earnings estimates for shares of Coterra Energy in a research note issued to investors on Thursday, April 23rd. Scotiabank analyst B. Zhang now forecasts that the company will post earnings per share of $2.42 for the year, up from their previous estimate of $2.22. Scotiabank has a "Sector Perform" rating and a $32.00 price target on the stock. The consensus estimate for Coterra Energy's current full-year earnings is $2.87 per share.

Several other research analysts also recently commented on CTRA. Mizuho raised their price objective on shares of Coterra Energy from $36.00 to $43.00 and gave the stock an "outperform" rating in a report on Tuesday, March 17th. Wolfe Research raised their price target on shares of Coterra Energy from $45.00 to $46.00 and gave the company an "outperform" rating in a report on Monday, April 6th. Jefferies Financial Group raised their price target on shares of Coterra Energy from $28.00 to $33.00 and gave the company a "hold" rating in a report on Monday, April 13th. Capital One Financial raised their price target on shares of Coterra Energy from $37.00 to $46.00 and gave the company an "overweight" rating in a report on Wednesday, March 25th. Finally, Citigroup raised their price target on shares of Coterra Energy from $32.00 to $42.00 and gave the company a "buy" rating in a report on Monday, March 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.13.

Coterra Energy Stock Down 0.1%

CTRA opened at $33.50 on Monday. The company has a 50 day moving average of $32.61 and a 200 day moving average of $28.42. The company has a market cap of $25.44 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 0.49 and a beta of 0.29. Coterra Energy has a 12 month low of $22.33 and a 12 month high of $36.88. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24.

Institutional Trading of Coterra Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. increased its position in shares of Coterra Energy by 67.0% in the third quarter. QRG Capital Management Inc. now owns 143,188 shares of the company's stock valued at $3,386,000 after acquiring an additional 57,461 shares during the period. Summit Global Investments purchased a new position in shares of Coterra Energy in the third quarter valued at about $1,086,000. Ashton Thomas Private Wealth LLC increased its position in shares of Coterra Energy by 60.7% in the third quarter. Ashton Thomas Private Wealth LLC now owns 273,650 shares of the company's stock valued at $6,472,000 after acquiring an additional 103,381 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Coterra Energy by 36.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 830,392 shares of the company's stock valued at $19,639,000 after acquiring an additional 220,688 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Coterra Energy by 4.0% in the third quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company's stock valued at $2,341,151,000 after acquiring an additional 3,781,606 shares during the period. Hedge funds and other institutional investors own 87.92% of the company's stock.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. Coterra Energy's dividend payout ratio (DPR) is 38.60%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.