Scotiabank Forecasts Increased Earnings for Coterra Energy

Coterra Energy Inc. (NYSE:CTRA - Free Report) - Research analysts at Scotiabank increased their FY2026 earnings per share estimates for shares of Coterra Energy in a report issued on Tuesday, July 15th. Scotiabank analyst P. Cheng now forecasts that the company will earn $3.37 per share for the year, up from their prior forecast of $3.02. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Coterra Energy's current full-year earnings is $1.54 per share.

Other analysts have also issued reports about the company. UBS Group reduced their price objective on Coterra Energy from $32.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Susquehanna cut their price objective on Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Pickering Energy Partners lowered Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. Raymond James Financial set a $38.00 price objective on Coterra Energy and gave the stock an "outperform" rating in a research note on Friday, June 13th. Finally, Morgan Stanley set a $28.00 price objective on Coterra Energy in a research note on Tuesday, April 15th. Four analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.16.

Coterra Energy Stock Performance

CTRA stock traded down $0.07 during trading hours on Friday, hitting $24.38. 7,663,488 shares of the stock were exchanged, compared to its average volume of 6,564,631. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $18.61 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.34 and a beta of 0.35. The company has a 50-day simple moving average of $25.30 and a two-hundred day simple moving average of $26.43. Coterra Energy has a 12 month low of $22.30 and a 12 month high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.09. The firm had revenue of $924.00 million during the quarter, compared to the consensus estimate of $1.92 billion. Coterra Energy had a return on equity of 10.61% and a net margin of 21.67%. The business's revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 EPS.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Thursday, May 15th. Coterra Energy's payout ratio is 51.16%.

Institutional Trading of Coterra Energy

Several large investors have recently modified their holdings of the company. Truist Financial Corp lifted its position in shares of Coterra Energy by 165.3% in the second quarter. Truist Financial Corp now owns 4,213,315 shares of the company's stock valued at $106,934,000 after acquiring an additional 2,625,126 shares in the last quarter. Bourgeon Capital Management LLC lifted its position in shares of Coterra Energy by 26.2% in the second quarter. Bourgeon Capital Management LLC now owns 294,770 shares of the company's stock valued at $7,481,000 after acquiring an additional 61,132 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Coterra Energy by 35.5% in the second quarter. HB Wealth Management LLC now owns 14,846 shares of the company's stock valued at $377,000 after acquiring an additional 3,887 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Coterra Energy by 2.7% in the second quarter. Janney Montgomery Scott LLC now owns 258,443 shares of the company's stock valued at $6,559,000 after acquiring an additional 6,717 shares in the last quarter. Finally, Washington Capital Management Inc. lifted its position in shares of Coterra Energy by 27.7% in the second quarter. Washington Capital Management Inc. now owns 24,000 shares of the company's stock valued at $609,000 after acquiring an additional 5,200 shares in the last quarter. Institutional investors own 87.92% of the company's stock.

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.