Coterra Energy (NYSE:CTRA) Releases Earnings Results, Beats Expectations By $0.05 EPS

Coterra Energy (NYSE:CTRA) announced its earnings results on Monday. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.42 by $0.05, Zacks reports. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%.

Coterra Energy Stock Down 0.6 %

CTRA stock traded down $0.16 during trading hours on Monday, hitting $27.99. The company’s stock had a trading volume of 6,198,495 shares, compared to its average volume of 5,987,618. The stock has a 50 day moving average price of $27.17 and a two-hundred day moving average price of $25.40. Coterra Energy has a 12 month low of $22.30 and a 12 month high of $29.95. The company has a market capitalization of $20.61 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Insider Activity

In other news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the transaction, the senior vice president now owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CTRA. Truist Financial upped their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Morgan Stanley upped their price target on shares of Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, November 14th. Raymond James lifted their price objective on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. UBS Group increased their target price on Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Stephens lifted their price target on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $33.42.

About Coterra Energy

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.