FY2024 EPS Estimates for Coterra Energy Inc. Decreased by Capital One Financial (NYSE:CTRA)

Coterra Energy Inc. (NYSE:CTRA - Free Report) - Analysts at Capital One Financial decreased their FY2024 earnings per share estimates for shares of Coterra Energy in a report issued on Monday, April 15th. Capital One Financial analyst B. Velie now expects that the company will post earnings of $1.73 per share for the year, down from their prior forecast of $1.97. The consensus estimate for Coterra Energy's current full-year earnings is $1.95 per share.

CTRA has been the topic of several other research reports. Mizuho reissued a "buy" rating and set a $34.00 target price on shares of Coterra Energy in a research report on Wednesday, April 3rd. Susquehanna raised Coterra Energy from a "neutral" rating to a "positive" rating and cut their target price for the company from $31.00 to $30.00 in a research report on Friday, January 26th. UBS Group boosted their target price on Coterra Energy from $31.00 to $32.00 and gave the company a "buy" rating in a research report on Friday, March 1st. Barclays assumed coverage on Coterra Energy in a research report on Wednesday, April 10th. They set an "overweight" rating and a $36.00 target price on the stock. Finally, Stephens restated an "overweight" rating and set a $39.00 price objective on shares of Coterra Energy in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Coterra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Coterra Energy Stock Performance

Shares of NYSE CTRA remained flat at $27.19 during trading hours on Tuesday. The stock had a trading volume of 6,890,956 shares, compared to its average volume of 6,965,947. The company has a market capitalization of $20.44 billion, a PE ratio of 12.71 and a beta of 0.21. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. The firm's 50 day moving average is $26.47 and its 200 day moving average is $26.36. Coterra Energy has a 52-week low of $22.91 and a 52-week high of $29.89.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.06). Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.54 billion.

Hedge Funds Weigh In On Coterra Energy

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Coterra Energy during the 1st quarter worth approximately $1,267,000. D.A. Davidson & CO. purchased a new stake in shares of Coterra Energy during the 1st quarter worth approximately $305,000. Yousif Capital Management LLC purchased a new stake in shares of Coterra Energy during the 1st quarter worth approximately $3,011,000. Raymond James Trust N.A. purchased a new stake in shares of Coterra Energy during the 1st quarter worth approximately $400,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Coterra Energy during the 1st quarter worth approximately $3,218,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Insiders Place Their Bets

In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the completion of the sale, the chief accounting officer now owns 176,758 shares of the company's stock, valued at $4,783,071.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CAO Todd M. Roemer sold 55,000 shares of Coterra Energy stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the sale, the chief accounting officer now directly owns 176,758 shares of the company's stock, valued at $4,783,071.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael D. Deshazer sold 14,000 shares of Coterra Energy stock in a transaction on Friday, March 1st. The shares were sold at an average price of $26.06, for a total value of $364,840.00. Following the completion of the transaction, the vice president now owns 93,988 shares of the company's stock, valued at $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Wednesday, March 13th. This is a boost from Coterra Energy's previous quarterly dividend of $0.20. Coterra Energy's dividend payout ratio (DPR) is currently 39.25%.

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.