Coterra Energy (NYSE:CTRA – Get Free Report) posted its earnings results on Thursday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02), Briefing.com reports. Coterra Energy had a return on equity of 10.49% and a net margin of 23.18%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year.
Coterra Energy Trading Down 5.1 %
Shares of Coterra Energy stock traded down $1.29 during trading on Friday, hitting $24.11. 13,521,471 shares of the company were exchanged, compared to its average volume of 5,338,893. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.46. The firm has a market capitalization of $17.94 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 1.49 and a beta of 0.24. The firm’s fifty day moving average price is $26.87 and its 200 day moving average price is $26.73. Coterra Energy has a 1-year low of $23.73 and a 1-year high of $29.89.
Coterra Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Thursday, August 15th. Coterra Energy’s payout ratio is 48.55%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on CTRA
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.
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