Coterra Energy Set to Report Strong Profit Growth Next Week
Coterra Energy Inc. (CTRA), an independent oil and gas firm valued at approximately $19.8 billion, focuses on exploring, developing, and producing oil, natural gas, and natural gas liquids across the United States. Headquartered in Houston, Texas, Coterra is scheduled to report its Q1 earnings on Monday, May 5.
Projected Earnings and Analyst Expectations
Ahead of the earnings report, analysts predict that CTRA will show a profit of $0.72 per share, marking a 44% increase from last year’s $0.50 per share in the same quarter. Over the past four quarters, the company has outperformed analysts’ earnings expectations twice, while falling short on two occasions. In its last quarter, Coterra reported an EPS of $0.47, exceeding consensus estimates by 14.6%, largely attributed to strong operational performance, improved productivity, and cost reductions.
Annual Earnings Forecast
Looking forward, analysts anticipate that CTRA’s EPS for the current year will be $2.80, reflecting a 73.9% jump from $1.61 in fiscal 2024. Furthermore, predictions indicate a year-over-year earnings increase of 10.7%, bringing the EPS to $3.10 in fiscal 2026.
Stock Performance and Market Comparison
Over the past year, CTRA shares have declined by 10.6%, underperforming the S&P 500 Index’s ($SPX) returns of 3.8%. However, Coterra has fared better than the Energy Select Sector SPDR Fund’s (XLE), which saw a 16.4% decrease in the same period.
Recent Financial Results and Future Outlook
CTRA stock took a slight hit following the release of its mixed Q4 results on February 24. The company reported a 12.6% drop in overall operating revenues to $1.4 billion, falling short of market expectations. Nevertheless, Coterra’s production metrics—including total barrels of oil equivalent (BOE), oil, and natural gas production—exceeded the high-end of guidance by more than 3%.
Analyst Ratings and Price Target
Despite the recent revenue setbacks, analysts maintain a generally positive outlook for CTRA stock, holding a “Strong Buy” rating overall. Of the 24 analysts covering the stock, 19 label it as a “Strong Buy,” while two advocate a “Moderate Buy,” and three rate it a “Hold.” CTRA’s average price target of $34.08 suggests a potential upside of 37.4% from its current trading levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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