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S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
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[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
These are the top sectors for blue chip growth in 2024
MercadoLibre up 28% as Latin American ecommerce poised for growth
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
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The 4 highest-shorted large-cap stocks
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The JD.com train is getting ready to leave the station again
3 stocking stuffers you can buy for yourself
S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
How to trade penny stocks: A step-by-step guide
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
These are the top sectors for blue chip growth in 2024
MercadoLibre up 28% as Latin American ecommerce poised for growth
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
J&J, Gilead, BMS: A look at undervalued dividend payers
The 4 highest-shorted large-cap stocks
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The JD.com train is getting ready to leave the station again
3 stocking stuffers you can buy for yourself
S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
How to trade penny stocks: A step-by-step guide
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
These are the top sectors for blue chip growth in 2024
MercadoLibre up 28% as Latin American ecommerce poised for growth
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
J&J, Gilead, BMS: A look at undervalued dividend payers
The 4 highest-shorted large-cap stocks
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
The JD.com train is getting ready to leave the station again
3 stocking stuffers you can buy for yourself

Coterra Energy Stock Price, News & Analysis (NYSE:CTRA)

$26.10
+0.02 (+0.08%)
(As of 11/29/2023 ET)
Compare
Today's Range
$25.97
$26.25
50-Day Range
$25.83
$29.71
52-Week Range
$22.25
$29.89
Volume
4.17 million shs
Average Volume
7.28 million shs
Market Capitalization
$19.63 billion
P/E Ratio
8.97
Dividend Yield
3.07%
Price Target
$31.93

Coterra Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.39 Rating Score
Upside/​Downside
22.4% Upside
$31.93 Price Target
Short Interest
Healthy
2.81% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.64mentions of Coterra Energy in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$12.50 M Sold Last Quarter
Proj. Earnings Growth
22.57%
From $2.26 to $2.77 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.50 out of 5 stars

Oils/Energy Sector

2nd out of 229 stocks

Crude Petroleum & Natural Gas Industry

1st out of 70 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

Coterra Energy Inc Ordinary Shares
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
See More Headlines
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Company Calendar

Ex-Dividend for 8/31 Dividend
8/16/2023
Dividend Payable
8/31/2023
Last Earnings
11/06/2023
Ex-Dividend for 11/30 Dividend
11/15/2023
Today
11/29/2023
Dividend Payable
11/30/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/28/2024

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
$31.93
High Stock Price Target
$42.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+22.4%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
18 Analysts

Profitability

Net Income
$4.07 billion
Pretax Margin
43.15%

Debt

Sales & Book Value

Annual Sales
$6.60 billion
Cash Flow
$6.85 per share
Book Value
$17.00 per share

Miscellaneous

Free Float
739,405,000
Market Cap
$19.63 billion
Optionable
Optionable
Beta
0.34
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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, November 28, 2023 at 10:14 PM.

Pros

Here are some ways that investors could benefit from investing in Coterra Energy Inc.:

  • Coterra Energy Inc. is an independent oil and gas company engaged in the development, exploration, and production of oil, natural gas, and natural gas liquids. This provides investors with exposure to the energy sector and the potential for profit from the production and sale of these resources.
  • The company has a strong track record of success, with a history dating back to 1989. This demonstrates its ability to navigate the challenges of the industry and generate long-term value for investors.
  • Coterra Energy Inc. has a diversified portfolio of assets, including oil and gas reserves, energy infrastructure, and power generation facilities. This diversification can help mitigate risk and provide stability to investors.
  • The company is headquartered in Houston, Texas, which is known as a major hub for the energy industry. This strategic location gives Coterra Energy Inc. access to key markets and resources, enhancing its potential for growth and profitability.
  • Recent developments and updates indicate that Coterra Energy Inc. is actively pursuing growth opportunities and expanding its operations. This forward-looking approach can create value for investors by increasing the company's revenue and market share.

Cons

Investors should be bearish about investing in Coterra Energy Inc. for these reasons:

  • Investing in the energy sector can be volatile and subject to various risks, including fluctuations in commodity prices, regulatory changes, and geopolitical factors. These factors can impact the profitability and stability of Coterra Energy Inc. and its investments.














CTRA Stock Analysis - Frequently Asked Questions

Should I buy or sell Coterra Energy stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coterra Energy in the last twelve months. There are currently 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CTRA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CTRA, but not buy additional shares or sell existing shares.
View CTRA analyst ratings
or view top-rated stocks.

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

16 Wall Street analysts have issued 12-month price targets for Coterra Energy's shares. Their CTRA share price targets range from $27.00 to $42.00. On average, they anticipate the company's share price to reach $31.93 in the next twelve months. This suggests a possible upside of 22.4% 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 2023?

Coterra Energy's stock was trading at $24.57 at the beginning of 2023. Since then, CTRA stock has increased by 6.2% and is now trading at $26.0950.
View the best growth stocks for 2023 here
.

Are investors shorting Coterra Energy?

Coterra Energy saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 20,740,000 shares, a drop of 19.5% from the October 31st total of 25,760,000 shares. Based on an average daily volume of 6,140,000 shares, the short-interest ratio is presently 3.4 days. Currently, 2.8% of the shares of the company 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 Wednesday, February 28th 2024.
View our CTRA earnings forecast
.

How were Coterra Energy's earnings last quarter?

Coterra Energy Inc. (NYSE:CTRA) announced its quarterly earnings results on Monday, November, 6th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.03. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Coterra Energy had a trailing twelve-month return on equity of 17.14% and a net margin of 33.97%.

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. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.20 per share on Thursday, November 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.07%. 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 3.00%. 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 28.88% 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 initial public offering (IPO) on Thursday, August 10th 2017. The company issued 6,000,000 shares at $23.00-$27.00 per share. Citigroup and Jefferies served 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 many different retail and institutional investors. Top institutional investors include Aristotle Capital Management LLC (5.09%), Charles Schwab Investment Management Inc. (2.13%), Victory Capital Management Inc. (2.11%), Invesco Ltd. (1.43%), Northern Trust Corp (1.21%) and Morgan Stanley (1.12%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:CTRA) was last updated on 11/30/2023 by MarketBeat.com Staff

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