Coterra Energy (CTRA) Stock Price, News & Analysis

$28.19
+0.18 (+0.64%)
(As of 05/17/2024 ET)
Today's Range
$28.01
$28.43
50-Day Range
$26.44
$28.49
52-Week Range
$22.91
$29.89
Volume
4.39 million shs
Average Volume
5.78 million shs
Market Capitalization
$20.98 billion
P/E Ratio
16.29
Dividend Yield
2.98%
Price Target
$33.67

Coterra Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
19.4% Upside
$33.67 Price Target
Short Interest
Healthy
2.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.31mentions of Coterra Energy in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$1.85 M Sold Last Quarter
Proj. Earnings Growth
52.75%
From $1.82 to $2.78 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.

4.78 out of 5 stars

Oils/Energy Sector

10th out of 242 stocks

Crude Petroleum & Natural Gas Industry

4th out of 78 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

Scotiabank Reaffirms Their Buy Rating on Coterra Energy (CTRA)
Wall Street Lunch: Is This Market A Micro Machine?
Coterra Energy: A Stable Outlook with Balanced Risks and Rewards
Piper Sandler Reaffirms Their Buy Rating on Coterra Energy (CTRA)
Wells Fargo Reaffirms Their Buy Rating on Coterra Energy (CTRA)
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Ex-Dividend for 3/28 Dividend
3/13/2024
Dividend Payable
3/28/2024
Ex-Dividend for 5/30 Dividend
5/15/2024
Today
5/18/2024
Dividend Payable
5/30/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
894
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$33.67
High Stock Price Target
$41.00
Low Stock Price Target
$29.00
Potential Upside/Downside
+19.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
15 Analysts

Profitability

Net Income
$1.63 billion
Pretax Margin
30.40%

Debt

Sales & Book Value

Annual Sales
$5.91 billion
Cash Flow
$4.40 per share
Book Value
$17.59 per share

Miscellaneous

Free Float
731,581,000
Market Cap
$20.98 billion
Optionable
Optionable
Beta
0.22
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Key Executives


CTRA Stock Analysis - Frequently Asked Questions

Should I buy or sell Coterra Energy stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coterra Energy in the last twelve months. There are currently 1 hold rating and 14 buy ratings for the stock. The consensus among Wall Street equities 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 price targets for Coterra Energy's shares. Their CTRA share price targets range from $29.00 to $41.00. On average, they anticipate the company's stock price to reach $33.67 in the next year. This suggests a possible upside of 19.4% 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 2024?

Coterra Energy's stock was trading at $25.52 at the beginning of 2024. Since then, CTRA stock has increased by 10.5% and is now trading at $28.19.
View the best growth stocks for 2024 here
.

Are investors shorting Coterra Energy?

Coterra Energy saw a drop in short interest in April. As of April 30th, there was short interest totaling 15,620,000 shares, a drop of 13.1% from the April 15th total of 17,970,000 shares. Based on an average trading volume of 6,880,000 shares, the short-interest ratio is currently 2.3 days. Currently, 2.1% of the shares of the company are sold short.
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 Monday, August 5th 2024.
View our CTRA earnings forecast
.

How were Coterra Energy's earnings last quarter?

Coterra Energy Inc. (NYSE:CTRA) issued its quarterly earnings results on Thursday, February, 22nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.06. The firm earned $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a trailing twelve-month return on equity of 10.75% and a net margin of 23.34%.

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

Coterra Energy announced a quarterly dividend on Thursday, May 2nd. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.21 per share on Thursday, May 30th. This represents a $0.84 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Wednesday, May 15th.
Read our dividend analysis for CTRA
.

Is Coterra Energy a good dividend stock?

Coterra Energy (NYSE:CTRA) pays an annual dividend of $0.84 per share and currently has a dividend yield of 3.00%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 48.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTRA will have a dividend payout ratio of 30.22% 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?

Coterra Energy (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 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.76%), Bank of New York Mellon Corp (0.69%), Equity Investment Corp (0.43%), Captrust Financial Advisors (0.40%), Swiss National Bank (0.30%) and Sumitomo Mitsui Trust Holdings Inc. (0.27%). 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 5/19/2024 by MarketBeat.com Staff

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