Fintel reports that on April 11, 2023,
Truist Securities
maintained
coverage of Coterra Energy Inc. (NYSE:CTRA) with
a Hold recommendation.
Analyst Price Forecast Suggests 18.41% Upside
As of April 6, 2023,
the average one-year price target for Coterra Energy Inc. is $30.74.
The forecasts range from a low of $21.21 to a high of $39.90.
The average price target represents an increase of 18.41% from its latest reported closing price of $25.96.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Coterra Energy Inc.
is $8,270MM, a decrease of 8.63%.
The projected annual non-GAAP EPS
is $4.32.
Coterra Energy Inc. Declares $0.20 Dividend
On February 22, 2023 the company declared a regular
quarterly dividend of $0.20 per share ($0.80 annualized).
Shareholders of record as of March 16, 2023
received the payment on March 30, 2023.
Previously, the company paid $0.15 per share.
At the current share price of $25.96 / share,
the stock’s dividend yield is 3.08%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.48%,
the lowest has been 0.83%,
and the highest has been 11.42%.
The standard deviation of yields is 3.08 (n=236).
The current dividend yield is
0.13 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.50.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 5.62%,
demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
Bnp Paribas Arbitrage
holds 1,106K shares
representing 0.14% ownership of the company.
In it’s prior filing, the firm reported owning 851K shares, representing
an increase
of 23.04%.
The firm
increased
its portfolio allocation in CTRA by 17.40% over the last quarter.
Allworth Financial
holds 16K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 17K shares, representing
a decrease
of 5.51%.
The firm
decreased
its portfolio allocation in CTRA by 99.92% over the last quarter.
Northwestern Mutual Investment Management Company
holds 25K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 30K shares, representing
a decrease
of 19.58%.
The firm
decreased
its portfolio allocation in CTRA by 17.73% over the last quarter.
DIG – ProShares Ultra Oil & Gas
holds 48K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 46K shares, representing
an increase
of 5.05%.
The firm
decreased
its portfolio allocation in CTRA by 14.12% over the last quarter.
BOK Financial Private Wealth
holds 41K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 1K shares, representing
an increase
of 96.74%.
The firm
decreased
its portfolio allocation in CTRA by 97.35% over the last quarter.
What is the Fund Sentiment?
There are 1644 funds or institutions reporting positions in Coterra Energy Inc..
This is an increase
of
2
owner(s) or 0.12% in the last quarter.
Average portfolio weight of all funds dedicated to CTRA is 0.37%,
a decrease
of 0.68%.
Total shares owned by institutions decreased
in the last three months by 4.54% to 861,772K shares.
The put/call ratio of CTRA is 0.27, indicating a
bullish
outlook.
Coterra Energy Background Information
(This description is provided by the company.)
Coterra is a premier, diversified energy company based in Houston, Texas. The company strives to be a leading producer, delivering returns with a commitment to sustainability leadership.
See all Coterra Energy Inc. regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
