NYSE:CTRA

Coterra Energy (CTRA) Stock Forecast, Price & News

$23.36

+0.11 (+0.47%)

(As of 12:34 PM ET)

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Today's Range: $22.94
▼
$23.40
50-Day Range: $23.10
▼
$25.96
52-Week Range: $22.25
▼
$36.55

Volume: 3.50 million shs
Average Volume: 8.43 million shs
Market Capitalization: $17.69 billion

P/E Ratio: 4.46
Dividend Yield: 3.42%
Price Target: $30.25

Coterra Energy MarketRank™ Forecast

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 30.1% 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: 1.83
Based on 2 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.

3.43 out of 5 stars

Oils/Energy Sector

3rd out of 249 stocks

Crude Petroleum & Natural Gas Industry

2nd out of 80 stocks

4.1

Analyst's Opinion

Consensus Rating
Coterra Energy has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 4 buy ratings, 16 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.25, Coterra Energy has a forecasted upside of 30.1% from its current price of $23.25.
Amount of Analyst Coverage
Coterra Energy has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
5.30% of the float of Coterra Energy has been sold short.
Short Interest Ratio / Days to Cover
Coterra Energy has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Coterra Energy has recently increased by 1.89%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Coterra Energy pays a meaningful dividend of 3.40%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Coterra Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Coterra Energy is 15.27%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Coterra Energy will have a dividend payout ratio of 25.56% next year. This indicates that Coterra Energy will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CTRA.

3.8

News and Social Media Coverage

News Sentiment
Coterra Energy has a news sentiment score of 1.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Coterra Energy this week, compared to 6 articles on an average week.
Search Interest
78 people have searched for CTRA on MarketBeat in the last 30 days. This is an increase of 47% compared to the previous 30 days.
MarketBeat Follows
26 people have added Coterra Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 18% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Coterra Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $501,858.00 in company stock.
Percentage Held by Insiders
Only 1.70% of the stock of Coterra Energy is held by insiders.
Percentage Held by Institutions
94.72% of the stock of Coterra Energy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Coterra Energy are expected to grow by 23.72% in the coming year, from $2.53 to $3.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Coterra Energy is 4.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of Coterra Energy is 4.44, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 49.27.
Price to Earnings Growth Ratio
Coterra Energy has a PEG Ratio of 0.17. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Coterra Energy has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

May 18, 2023 | marketbeat.com

5 Cheap Dividend Stocks Yielding Up To 10.3%

May 31, 2023 | cnbc.com

OPEC+'s mixed messages, recession fears make it too early to buy the dip on our oil stocks

June 1, 2023 | Edge On The Street (Ad)

AI Getting Close to Thinking Like Humans

Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.

May 22, 2023 | americanbankingnews.com

Mizuho Raises Coterra Energy (NYSE:CTRA) Price Target to $39.00

May 21, 2023 | americanbankingnews.com

Piper Sandler Raises Coterra Energy (NYSE:CTRA) Price Target to $31.00

May 20, 2023 | finance.yahoo.com

Coterra Energy Inc. (NYSE:CTRA) Passed Our Checks, And It's About To Pay A US$0.20 Dividend

May 20, 2023 | msn.com

Mizuho Maintains Coterra Energy (CTRA) Buy Recommendation

May 19, 2023 | msn.com

Piper Sandler Maintains Coterra Energy (CTRA) Neutral Recommendation

June 1, 2023 | Edge On The Street (Ad)

The $193 Billion US-China War You Don't Know About

They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.

May 18, 2023 | forbes.com

Drilling For Dividend And 45% Annualized Return With Coterra Energy Buy Write

May 17, 2023 | seekingalpha.com

Coterra: Management Remains Defensive, Despite Outlook

May 16, 2023 | msn.com

Hedge Funds Bet Big on Tech, Banks, and Energy Stocks

May 16, 2023 | americanbankingnews.com

Coterra Energy Inc. (NYSE:CTRA) Sees Large Decline in Short Interest

May 15, 2023 | msn.com

Morgan Stanley Maintains Coterra Energy (CTRA) Equal-Weight Recommendation

May 15, 2023 | americanbankingnews.com

Coterra Energy (NYSE:CTRA) Price Target Raised to $27.00

May 11, 2023 | americanbankingnews.com

Coterra Energy Inc. (NYSE:CTRA) Receives $30.07 Consensus Target Price from Brokerages

May 10, 2023 | markets.businessinsider.com

J.P. Morgan Keeps Their Hold Rating on Coterra Energy (CTRA)

May 9, 2023 | msn.com

Coterra: Why The Variable Dividend Cut Isn't Necessarily A Bad Thing

May 9, 2023 | msn.com

Coterra Energy: An Oil Play With Nat Gas Optionality

May 6, 2023 | finance.yahoo.com

CTRA May 2023 24.000 call

May 5, 2023 | msn.com

Coterra Energy (CTRA) Declares $0.20 Dividend

May 5, 2023 | markets.businessinsider.com

Mizuho Securities Keeps Their Buy Rating on Coterra Energy (CTRA)

May 5, 2023 | msn.com

Unusual Put Option Trade in Coterra Energy (CTRA) Worth $86.25K

May 5, 2023 | markets.businessinsider.com

Siebert Williams Shank & Co Reaffirms Their Buy Rating on Coterra Energy (CTRA)

May 5, 2023 | seekingalpha.com

Coterra Energy Inc. 2023 Q1 - Results - Earnings Call Presentation

May 4, 2023 | businesswire.com

Coterra Energy Reports First-Quarter 2023 Results, Announces Quarterly Dividend and Provides Update on Share Repurchase Program

May 4, 2023 | msn.com

Coterra Energy: Q1 Earnings Insights

See More Headlines

CTRA Price History

30 days | 90 days | 365 days | Advanced Chart

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: 6/01/2023
Dividend Payable: 6/09/2023
Next Earnings (Estimated): 8/01/2023
Fiscal Year End: 12/31/2023

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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: 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: +30.1%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 20 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.24
Trailing P/E Ratio: 4.44
Forward P/E Ratio: 9.19
P/E Growth: 0.17
Net Income: $4.07 billion
Net Margins: 45.19%
Pretax Margin: 57.53%
Return on Equity: 29.48%
Return on Assets: 18.20%

Debt

Debt-to-Equity Ratio: 0.17
Current Ratio: 1.66
Quick Ratio: 1.61

Sales & Book Value

Annual Sales: $9.05 billion
Price / Sales: 1.95
Cash Flow: $6.62 per share
Price / Cash Flow: 3.51
Book Value: $16.69 per share
Price / Book: 1.39

Miscellaneous

Outstanding Shares: 757,450,000
Free Float: 744,576,000
Market Cap: $17.61 billion
Optionable: Optionable
Beta: 0.25

Key Executives

Thomas 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. Clason
Chief Human Resources Officer & Senior VP

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?: 20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coterra Energy in the last year. 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 equities research analysts have issued 1 year price objectives for Coterra Energy's shares. Their CTRA share price forecasts range from $25.00 to $39.00. On average, they expect the company's stock price to reach $30.25 in the next year. This suggests a possible upside of 29.5% 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 4.9% and is now trading at $23.36.
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 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 trading volume of 8,910,000 shares, the short-interest ratio is currently 4.3 days. Approximately 5.2% of the company's stock 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 Tuesday, August 1st 2023.
View our CTRA earnings forecast.
How were Coterra Energy's earnings last quarter?: Coterra Energy Inc. (NYSE:CTRA) issued its earnings results on Thursday, May, 4th. The company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.16. The firm had revenue of $1.78 billion for the quarter, compared to analysts' expectations of $1.62 billion. Coterra Energy had a net margin of 45.19% and a trailing twelve-month return on equity of 29.48%.
How often does Coterra Energy pay dividends? What is the dividend yield for Coterra Energy?: Coterra Energy declared a quarterly dividend on Wednesday, May 3rd. Shareholders of record on Friday, May 26th will be given a dividend of $0.20 per share on Friday, June 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, May 25th.
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 Amplify Natural Resources Dividend Income ETF (NDIV), First Trust Energy AlphaDEX Fund (FXN), Invesco S&P 500 Equal Weight Energy ETF (RYE), First Trust Indxx Global Natural Resources Income ETF (FTRI), First Trust Natural Gas ETF (FCG), iShares U.S. Oil & Gas Exploration & Production ETF (IEO), WBI BullBear Yield 3000 ETF (WBIG) 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 3.40%. 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 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."
Who are Coterra Energy's major shareholders?: Coterra Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors 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 $23.36.
How much money does Coterra Energy make?: Coterra Energy (NYSE:CTRA) has a market capitalization of $17.69 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 6/1/2023 by MarketBeat.com Staff

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