Coterra Energy Inc. (NYSE:CTRA) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Coterra Energy Inc. (NYSE:CTRA) has received an average rating of "Moderate Buy" from twenty brokerages, with 15 analysts recommending to buy and one recommending a strong buy.
• The company's quarterly earnings report showed an EPS of $0.48, missing estimates by $0.02, but revenue surged by 54.6% year-over-year to $1.97 billion.
• Coterra Energy announced a quarterly dividend of $0.22, reflecting an annualized yield of 3.7% with a payout ratio of 42.11%.

Coterra Energy Inc. (NYSE:CTRA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $33.1579.

A number of equities research analysts have commented on the company. Piper Sandler reiterated an "overweight" rating and set a $37.00 target price (up previously from $36.00) on shares of Coterra Energy in a report on Thursday, July 17th. Pickering Energy Partners lowered Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. UBS Group reduced their price target 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. Wells Fargo & Company reduced their price target on Coterra Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research note on Monday, June 16th. Finally, Raymond James Financial set a $38.00 price target on Coterra Energy and gave the stock an "outperform" rating in a research note on Friday, June 13th.

Coterra Energy Price Performance

Shares of CTRA traded up $0.01 on Friday, reaching $23.97. The stock had a trading volume of 5,204,438 shares, compared to its average volume of 7,121,041. The firm has a market capitalization of $18.29 billion, a PE ratio of 11.47, a PEG ratio of 0.32 and a beta of 0.33. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $25.02 and a 200 day moving average of $25.93. Coterra Energy has a twelve month low of $22.30 and a twelve month high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.78 billion. Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. Coterra Energy's quarterly revenue was up 54.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. Sell-side analysts expect that Coterra Energy will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.88 annualized dividend and a yield of 3.7%. Coterra Energy's dividend payout ratio (DPR) is 42.11%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Donald L. Hagan LLC lifted its stake in Coterra Energy by 1.1% in the first quarter. Donald L. Hagan LLC now owns 35,754 shares of the company's stock valued at $1,033,000 after buying an additional 401 shares during the last quarter. Investors Research Corp grew its position in Coterra Energy by 45.2% in the 1st quarter. Investors Research Corp now owns 1,311 shares of the company's stock worth $38,000 after purchasing an additional 408 shares during the last quarter. Saxon Interests Inc. increased its stake in shares of Coterra Energy by 5.1% in the first quarter. Saxon Interests Inc. now owns 9,319 shares of the company's stock valued at $269,000 after purchasing an additional 451 shares during the period. Tectonic Advisors LLC raised its holdings in shares of Coterra Energy by 3.2% during the first quarter. Tectonic Advisors LLC now owns 14,834 shares of the company's stock valued at $429,000 after buying an additional 459 shares during the last quarter. Finally, Procyon Advisors LLC boosted its position in shares of Coterra Energy by 3.6% during the first quarter. Procyon Advisors LLC now owns 13,460 shares of the company's stock worth $389,000 after buying an additional 469 shares during the period. 87.92% of the stock is owned by hedge funds and other institutional investors.

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.