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NYSE:CTRA

Coterra Energy (CTRA) Stock Forecast, Price & News

$24.57
+0.02 (+0.08%)
(As of 01:39 PM ET)
Compare
Today's Range
$24.40
$24.78
50-Day Range
$22.96
$25.96
52-Week Range
$22.25
$35.13
Volume
2.23 million shs
Average Volume
8.35 million shs
Market Capitalization
$18.61 billion
P/E Ratio
4.69
Dividend Yield
3.26%
Price Target
$30.25

Coterra Energy MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
22.9% Upside
$30.25 Price Target
Short Interest
Bearish
5.30% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.96mentions of Coterra Energy in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$501,858 Sold Last Quarter
Proj. Earnings Growth
23.72%
From $2.53 to $3.13 Per Share

Overall MarketRank

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

3.04 out of 5 stars

Oils/Energy Sector

24th out of 249 stocks

Crude Petroleum & Natural Gas Industry

17th out of 80 stocks


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.

 

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CTRA Stock News Headlines

5 Cheap Dividend Stocks Yielding Up To 10.3%
This Stock's Worth Researching
Uncover the buzz behind this trending stock. Read the comprehensive report here.
Brokerages Set Coterra Energy Inc. (NYSE:CTRA) PT at $30.27
All Electric Commitment From GM, Volkswagen, Could Put Lithium Sector In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
Coterra Energy (NYSE:CTRA) Price Target Raised to $27.00
J.P. Morgan Keeps Their Hold Rating on Coterra Energy (CTRA)
CTRA May 2023 24.000 call
See More Headlines

CTRA Price History

CTRA Company Calendar

Ex-Dividend for 3/30 Dividend
3/15/2023
Dividend Payable
3/30/2023
Last Earnings
5/04/2023
Ex-Dividend for 6/9 Dividend
5/25/2023
Today
6/09/2023
Dividend Payable
6/09/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
936
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$30.25
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+23.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
20 Analysts

Profitability

Net Income
$4.07 billion
Pretax Margin
57.53%

Debt

Sales & Book Value

Annual Sales
$9.05 billion
Cash Flow
$6.82 per share
Book Value
$16.06 per share

Miscellaneous

Free Float
744,576,000
Market Cap
$18.60 billion
Optionable
Optionable
Beta
0.26

Key Executives

  • Thomas E. JordenThomas E. Jorden
    Chairman, President & Chief Executive Officer
  • Blake A. Sirgo
    Senior Vice President-Operations
  • Scott C. Schroeder
    Chief Financial Officer & Executive Vice President
  • Kevin W. Smith
    Chief Technology Officer & Vice President
  • Christopher H. ClasonChristopher H. Clason
    Chief Human Resources Officer & Senior VP













CTRA Stock - Frequently Asked Questions

Should I buy or sell Coterra Energy stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coterra Energy in the last twelve months. There are currently 16 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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?

20 analysts have issued twelve-month price targets for Coterra Energy's stock. Their CTRA share price forecasts range from $25.00 to $39.00. On average, they expect the company's share price to reach $30.25 in the next twelve months. This suggests a possible upside of 23.2% 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 start of the year. Since then, CTRA shares have decreased by 0.1% and is now trading at $24.55.
View the best growth stocks for 2023 here
.

Are investors shorting Coterra Energy?

Coterra Energy saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 38,630,000 shares, a drop of 7.0% from the April 15th total of 41,540,000 shares. Based on an average daily volume of 8,910,000 shares, the days-to-cover ratio is currently 4.3 days. Currently, 5.2% of the company's shares 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 Tuesday, August 1st 2023.
View our CTRA earnings forecast
.

How were Coterra Energy's earnings last quarter?

Coterra Energy Inc. (NYSE:CTRA) announced its quarterly earnings data on Thursday, May, 4th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.69 by $0.16. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.62 billion. Coterra Energy had a trailing twelve-month return on equity of 29.48% and a net margin of 45.19%.

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

Coterra Energy announced a quarterly dividend on Wednesday, May 3rd. Investors of record on Friday, May 26th will be paid a dividend of $0.20 per share on Friday, June 9th. This represents a $0.80 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, May 25th.
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 3.31%. The dividend payout ratio is 15.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTRA will have a dividend payout ratio of 25.56% 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 $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.

What is Coterra Energy's stock symbol?

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

Who are Coterra Energy's major shareholders?

Coterra Energy's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (9.31%), BlackRock Inc. (8.98%), State Street Corp (6.93%), Aristotle Capital Management LLC (5.36%), Geode Capital Management LLC (2.44%) and Charles Schwab Investment Management Inc. (2.01%). Insiders that own company stock include Christopher Clason, 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.

What is Coterra Energy's stock price today?

One share of CTRA stock can currently be purchased for approximately $24.55.

How much money does Coterra Energy make?

Coterra Energy (NYSE:CTRA) has a market capitalization of $18.60 billion and generates $9.05 billion in revenue each year. The company earns $4.07 billion in net income (profit) each year or $5.24 on an earnings per share basis.

How many employees does Coterra Energy have?

The company employs 936 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 6/9/2023 by MarketBeat.com Staff

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