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DOW   33,666.34
QQQ   358.01
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3 Reasons Micron is a Buy on Market Weakness
NYSE:CTRA

Coterra Energy (CTRA) Stock Forecast, Price & News

$27.52
+0.38 (+1.40%)
(As of 09/28/2023 ET)
Compare
Today's Range
$27.04
▼
$27.64
50-Day Range
$26.05
▼
$28.55
52-Week Range
$22.25
▼
$31.76
Volume
4.87 million shs
Average Volume
5.47 million shs
Market Capitalization
$20.78 billion
P/E Ratio
6.90
Dividend Yield
2.91%
Price Target
$31.47
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Coterra Energy MarketRank™ Forecast

Analyst Rating
Hold
2.32 Rating Score
Upside/​Downside
14.3% Upside
$31.47 Price Target
Short Interest
Healthy
3.61% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.64mentions of Coterra Energy in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$12.50 M Sold Last Quarter
Proj. Earnings Growth
27.80%
From $2.23 to $2.85 Per Share

Overall MarketRank™

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

3.20 out of 5 stars

Oils/Energy Sector

7th out of 250 stocks

Crude Petroleum & Natural Gas Industry

5th out of 82 stocks

See Top Rated MarketRank™ Stocks Here

CTRA stock logo

About Coterra Energy (NYSE:CTRA) Stock

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 Price History

CTRA Stock News Headlines

September 29, 2023 | americanbankingnews.com
Coterra Energy Inc. (NYSE:CTRA) Director Dan O. Dinges Sells 68,275 Shares
September 29, 2023 | americanbankingnews.com
Dan O. Dinges Sells 68,275 Shares of Coterra Energy Inc. (NYSE:CTRA) Stock
September 29, 2023 | Micro-Cap Stock Trader (Ad)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
September 29, 2023 | americanbankingnews.com
Insider Selling: Coterra Energy Inc. (NYSE:CTRA) Director Sells 400,000 Shares of Stock
September 29, 2023 | americanbankingnews.com
Coterra Energy Inc. (NYSE:CTRA) Director Dan O. Dinges Sells 400,000 Shares
September 28, 2023 | benzinga.com
Board Member of Coterra Energy Sold $14.67M In Stock
September 28, 2023 | americanbankingnews.com
Coterra Energy (NYSE:CTRA) Given New $34.00 Price Target at Bank of America
September 26, 2023 | msn.com
Coterra Energy: A Little Too Gassy For My Liking
September 29, 2023 | Micro-Cap Stock Trader (Ad)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
September 25, 2023 | msn.com
Energy stocks mostly move higher even as U.S. crude oil futures tick lower
September 25, 2023 | finance.yahoo.com
Unveiling Coterra Energy (CTRA)'s Value: Is It Really Priced Right? A Comprehensive Guide
September 22, 2023 | americanbankingnews.com
Coterra Energy (NYSE:CTRA) Price Target Raised to $27.00 at Citigroup
September 21, 2023 | forbes.com
Fracking Good Money Could Be Made With Atlas Energy Put Write
September 21, 2023 | cnbc.com
We're buying more of an energy stock that hasn't rallied with oil — yet
September 21, 2023 | finance.yahoo.com
Unveiling Coterra Energy Inc (CTRA)'s Market Leadership: A Comprehensive Analysis of Financial ...
September 21, 2023 | finance.yahoo.com
CTRA Sep 2023 24.000 call
September 20, 2023 | nasdaq.com
Take Advantage of These 3 Oil & Gas Stocks with Dividends Over 5%
September 20, 2023 | msn.com
Citigroup Maintains Coterra Energy (CTRA) Neutral Recommendation
September 20, 2023 | americanbankingnews.com
Coterra Energy (NYSE:CTRA) Receives Buy Rating from Mizuho
September 19, 2023 | americanbankingnews.com
Coterra Energy Inc. (NYSE:CTRA) Sees Large Decline in Short Interest
September 13, 2023 | cnbc.com
Oil prices are at 10-month highs. Here's what Cramer thinks it means for two energy stocks
September 7, 2023 | forbes.com
Doing Buy Write On Coterra Energy As Crude Oil Hits 10-Month Highs
September 1, 2023 | markets.businessinsider.com
Coterra Energy (CTRA) Receives a Hold from Wells Fargo
August 31, 2023 | marketwatch.com
Coterra Energy Inc. stock rises Wednesday, still underperforms market
August 31, 2023 | msn.com
Coterra Energy (CTRA) Price Target Increased by 6.40% to 32.46
August 23, 2023 | finance.yahoo.com
Unveiling Coterra Energy Inc's Market Potential: A Comprehensive GF Score Analysis
August 22, 2023 | seekingalpha.com
Coterra Energy: A Buy Driven By Excess Cash From Operations
See More Headlines
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CTRA Company Calendar

Last Earnings
8/07/2023
Ex-Dividend for 8/31 Dividend
8/16/2023
Dividend Payable
8/31/2023
Today
9/29/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
NYSE:CTRA
CUSIP
N/A
CIK
858470
Web
www.cabotog.com
Phone
(281) 589-4600
Fax
281-589-4828
Employees
981
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$31.47
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+14.3%
Consensus Rating
Hold
Rating Score (0-4)
2.32
Research Coverage
19 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.99
Trailing P/E Ratio
6.90
Forward P/E Ratio
12.34
P/E Growth
0.21
Net Income
$4.07 billion
Net Margins
40.12%
Pretax Margin
50.83%
Return on Equity
23.06%
Return on Assets
14.50%

Debt

Debt-to-Equity Ratio
0.17
Current Ratio
1.74
Quick Ratio
1.67

Sales & Book Value

Annual Sales
$9.05 billion
Price / Sales
2.30
Cash Flow
$7.21 per share
Price / Cash Flow
3.82
Book Value
$16.06 per share
Price / Book
1.71

Miscellaneous

Outstanding Shares
755,050,000
Free Float
742,210,000
Market Cap
$20.78 billion
Optionable
Optionable
Beta
0.29
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Key Executives

  • Mr. Thomas E. JordenMr. Thomas E. Jorden (Age 66)
    CEO, Pres & Chairman
    Comp: $2.75M
  • Mr. Scott C. Schroeder (Age 60)
    Sr. Advisor
    Comp: $1.83M
  • Mr. Stephen P. BellMr. Stephen P. Bell (Age 68)
    Exec. VP of Bus. Devel.
    Comp: $1.31M
  • Mr. Christopher H. ClasonMr. Christopher H. Clason (Age 56)
    Sr. Advisor
    Comp: $1.15M
  • Mr. Shannon E. Young III (Age 51)
    Exec. VP & CFO
  • Mr. Blake A. Sirgo (Age 40)
    Sr. VP of Operations
  • Mr. Todd M. RoemerMr. Todd M. Roemer (Age 52)
    VP & Chief Accounting Officer
  • Mr. Kevin William SmithMr. Kevin William Smith (Age 37)
    VP & Chief Technology Officer
  • Mr. Daniel Dennis Guffey C.F.A.
    VP of Fin., Planning & Analysis and Investor Relations
  • Mr. Adam M. Vela (Age 49)
    VP & Gen. Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CTRA Stock - Frequently Asked Questions

Should I buy or sell Coterra Energy stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coterra Energy in the last twelve months. There are currently 13 hold ratings and 6 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 forecast for 2023?

19 analysts have issued 1 year price targets for Coterra Energy's stock. Their CTRA share price forecasts range from $26.00 to $42.00. On average, they expect the company's share price to reach $31.47 in the next year. This suggests a possible upside of 14.3% 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 shares have increased by 12.0% and is now trading at $27.5250.
View the best growth stocks for 2023 here.

Are investors shorting Coterra Energy?

Coterra Energy saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 26,810,000 shares, a decrease of 5.2% from the August 15th total of 28,270,000 shares. Based on an average daily trading volume, of 6,220,000 shares, the short-interest ratio is presently 4.3 days. Approximately 3.6% of the company's stock 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 Thursday, November 2nd 2023.
View our CTRA earnings forecast.

How were Coterra Energy's earnings last quarter?

Coterra Energy Inc. (NYSE:CTRA) posted its quarterly earnings results on Monday, August, 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. The firm earned $1.19 billion during the quarter, compared to analysts' expectations of $1.28 billion. Coterra Energy had a net margin of 40.12% and a trailing twelve-month return on equity of 23.06%.

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

Coterra Energy declared a quarterly dividend on Monday, August 7th. Investors of record on Thursday, August 17th will be given a dividend of $0.20 per share on Thursday, August 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, August 16th.
Read our dividend analysis for CTRA.

What ETFs hold Coterra Energy's stock?

ETFs with the largest weight of Coterra Energy (NYSE:CTRA) stock in their portfolio include Invesco Energy Exploration & Production ETF (PXE), Invesco S&P 500 Equal Weight Energy ETF (RSPG), Invesco S&P 500 Equal Weight Energy ETF (RYE), First Trust Energy AlphaDEX Fund (FXN), Formidable Fortress ETF (KONG), First Trust Natural Gas ETF (FCG), iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and First Trust Nasdaq Oil & Gas ETF (FTXN).

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 3.04%. The dividend payout ratio is 20.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTRA will have a dividend payout ratio of 28.07% 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.

What is Coterra Energy's stock symbol?

Coterra Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTRA."

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.

What is Coterra Energy's stock price today?

One share of CTRA stock can currently be purchased for approximately $27.53.

How much money does Coterra Energy make?

Coterra Energy (NYSE:CTRA) has a market capitalization of $20.78 billion and generates $9.05 billion in revenue each year. The company earns $4.07 billion in net income (profit) each year or $3.99 on an earnings per share basis.

How many employees does Coterra Energy have?

The company employs 981 workers across the globe.

How can I contact Coterra Energy?

Coterra Energy's mailing address is 340 MARTIN LUTHER KING JR. BLVD., BRISTOL TN, 37620. The official website for the company is www.cabotog.com. The company can be reached via phone at (281) 589-4600, via email at cabot-ir@cabotog.com, or via fax at 281-589-4828.

This page (NYSE:CTRA) was last updated on 9/29/2023 by MarketBeat.com Staff

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