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Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Dropbox’s stock is a falling knife worth catching
Novavax’s dispute resolution and upcoming earnings call
Wall Street Pushing a 'Crypto Revolution' - Will You Miss Out… AGAIN? (Ad)
Stock ideas from the 2024 Microcap Conference
Warner Bros. Discover: Debt down, profits up, yet questions remain
"Chilling War Games Show US Forces Crushed" – FOX NEWS (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Sprouts, Block rise; Booking Holdings, Insulet fall, Friday, 2/23/2024
NYSE:CTRA

Coterra Energy (CTRA) Stock Price, News & Analysis

$25.94
-0.39 (-1.48%)
(As of 02/23/2024 ET)
Today's Range
$25.65
$26.39
50-Day Range
$23.91
$26.31
52-Week Range
$22.25
$29.89
Volume
12.20 million shs
Average Volume
6.96 million shs
Market Capitalization
$19.51 billion
P/E Ratio
8.91
Dividend Yield
3.08%
Price Target
$32.07

Coterra Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
23.6% Upside
$32.07 Price Target
Short Interest
Healthy
2.59% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.79mentions of Coterra Energy in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-1.78%
From $2.25 to $2.21 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.19 out of 5 stars

Oils/Energy Sector

48th out of 237 stocks

Crude Petroleum & Natural Gas Industry

24th out of 73 stocks


CTRA stock logo

About Coterra Energy Stock (NYSE:CTRA)

Coterra Energy Inc. is a US-based natural gas play headquartered in Houston, Texas. The company was formed in 1990 as Cabot Oil & Gas Company, a subsidiary of then-parent Cabot Corporation, and it went public later that same year. The spin-off concentrated Cabot Corporation’s energy assets into a single, stand-alone company so it could focus on the core business of chemical and specialty materials production.

By 1991 Cabot Oil & Gas Company was a 100% publicly-owned company with diversified energy operations. Over the years the company made several major acquisitions and divestitures that concentrated its assets in the natural gas exploration, production and sales business. The company’s proven reserves at the end of 2021 topped 2.89 billion barrels of crude oil equivalents which were 85% natural gas and about 8% natural gas liquids and other natural gas products. Only 7% of the reserves were crude oil.

The company acquired Cimarex Energy in 2021 resulting in the name change to Coterra Energy. Cimarex Energy is a specialist in shale oil & natural gas with operations in Texas and Oklahoma so was a natural fit for the company. Today, Coterra Energy operates as an independent oil and gas company focused on natural gas and natural gas liquids in the continental United States. Total revenue in 2021 topped $3.45 billion, the company employs about 935 people, and it is a member of the S&P 500.

Coterra’s largest holding is in the Permian Basin at approximately 234,000 multi-zone acres. The company’s 2nd largest holding is in the Marcellus Shale. It is approximately 177,000 acres situated in the dry gas window. The dry gas window produces the highest grade natural gas that has minimal liquids dissolved into it. Holdings in the Anadarko Basis top 182,000 acres and primarily in the Woodford Shale formation. Coterra also provides services to the natural gas industry in Texas. Coterra’s downstream operations are limited to industrial and bulk customers including natural gas distribution companies, top-tier energy companies, pipelines and public utilities.

Coterra’s Energy’s goal is to provide sustainable returns to its shareholders through a diversified business model. The company's diversified exposure to natural gas, natural gas liquids and crude is intended to help it weather ups and downs in the energy cycle. Portfolio quality is also key to the strategy by providing lower-cost-to-capture resources with higher resale prices. Returns are delivered in the form of dividends which have been paid every quarter since 2007. The company also aims to maintain a strong balance sheet as part of its strategy.

As part of the company’s commitment to sustainability and a lower-carbon future, it invests heavily in new technology. Technology currently in place allows for nearly 100% recycling of water used in production and exploration activities, no flaring except for safety reasons and the electrification of assets whenever possible. Natural gas is critical to the global shift toward greener energy because it is the most efficient use of hydrocarbons.

 

CTRA Stock Price History

CTRA Stock News Headlines

Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024.
The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024
Coterra Energy misses quarterly profit estimates
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024.
The same catalyst the kicked off the three major crypto bull markets... is about to hit again on April 22, 2024
Coterra Energy (CTRA) Scheduled to Post Earnings on Thursday
CTRA Feb 2024 18.000 call
Coterra Energy Inc. (NYSE:CTRA) Short Interest Up 6.1% in January
CTRA Feb 2024 33.000 call
CTRA Feb 2024 23.500 call
CTRA Feb 2024 22.000 put
CTRA Mar 2024 31.000 call
Coterra Energy (CTRA) Laps the Stock Market: Here's Why
Coterra Energy (CTRA) Receives a Rating Update from a Top Analyst
Coterra Energy: Accumulate For Oil's Rebound
See More Headlines
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Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 11/30 Dividend
11/15/2023
Dividend Payable
11/30/2023
Today
2/23/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
981
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$32.07
High Stock Price Target
$42.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+23.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
15 Analysts

Profitability

Net Income
$4.07 billion
Pretax Margin
43.15%

Debt

Sales & Book Value

Annual Sales
$9.05 billion
Cash Flow
$6.84 per share
Book Value
$16.06 per share

Miscellaneous

Free Float
739,405,000
Market Cap
$19.51 billion
Optionable
Optionable
Beta
0.19
A Guide To High-Short-Interest Stocks Cover

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Should I Buy Coterra Energy Stock? CTRA Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Coterra Energy was last updated on Tuesday, February 20, 2024 at 2:14 PM.














CTRA Stock Analysis - Frequently Asked Questions

Should I buy or sell Coterra Energy stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coterra Energy in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CTRA shares.
View CTRA analyst ratings
or view top-rated stocks.

What is Coterra Energy's stock price target for 2024?

15 Wall Street research analysts have issued 1-year target prices for Coterra Energy's shares. Their CTRA share price targets range from $27.00 to $42.00. On average, they anticipate the company's stock price to reach $32.07 in the next twelve months. This suggests a possible upside of 23.6% from the stock's current price.
View analysts price targets for CTRA
or view top-rated stocks among Wall Street analysts.

How have CTRA shares performed in 2024?

Coterra Energy's stock was trading at $25.52 at the start of the year. Since then, CTRA shares have increased by 1.6% and is now trading at $25.94.
View the best growth stocks for 2024 here
.

Are investors shorting Coterra Energy?

Coterra Energy saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 19,110,000 shares, an increase of 6.1% from the January 15th total of 18,010,000 shares. Based on an average trading volume of 6,520,000 shares, the short-interest ratio is presently 2.9 days. Currently, 2.6% of the company's shares are short sold.
View Coterra Energy's Short Interest
.

When is Coterra Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CTRA earnings forecast
.

How were Coterra Energy's earnings last quarter?

Coterra Energy Inc. (NYSE:CTRA) released its earnings results on Wednesday, November, 3rd. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The business earned $440.40 million during the quarter, compared to analysts' expectations of $564.20 million. Coterra Energy had a net margin of 33.97% and a trailing twelve-month return on equity of 17.14%. Coterra Energy's revenue was up 51.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 earnings per share.

How often does Coterra Energy pay dividends? What is the dividend yield for Coterra Energy?

Coterra Energy announced a quarterly dividend on Monday, November 6th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.20 per share on Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Wednesday, November 15th.
Read our dividend analysis for CTRA
.

Is Coterra Energy a good dividend stock?

Coterra Energy (NYSE:CTRA) pays an annual dividend of $0.80 per share and currently has a dividend yield of 3.06%. The dividend payout ratio is 27.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTRA will have a dividend payout ratio of 36.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTRA.

When did Coterra Energy IPO?

(CTRA) raised $150 million in an IPO on Thursday, August 10th 2017. The company issued 6,000,000 shares at a price of $23.00-$27.00 per share. Citigroup and Jefferies acted as the underwriters for the IPO and Credit Suisse, UBS Investment Bank, Barclays, BMO Capital Markets, Clarksons Platou Securities, FBR, Seaport Global Securities and Seaport Global Securities were co-managers.

Who are Coterra Energy's major shareholders?

Coterra Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.69%), Charles Schwab Investment Management Inc. (2.13%), Victory Capital Management Inc. (2.10%), Dimensional Fund Advisors LP (1.39%), Northern Trust Corp (1.21%) and Pacer Advisors Inc. (1.11%). Insiders that own company stock include Christopher Clason, Dan O Dinges, Dan O Dinges, Frances M Vallejo, Francis Brian Barron, Hans Helmerich, Kevin William Smith, Michael D Deshazer, Stephen P Bell, Steven W Lindeman, Thomas E Jorden and Todd M Roemer.
View institutional ownership trends
.

How do I buy shares of Coterra Energy?

Shares of CTRA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CTRA) was last updated on 2/24/2024 by MarketBeat.com Staff