Coterra Energy Inc. (CTRA)

In the past six months, Coterra Energy's stock has trended downwards. Goldman Sachs downgraded Coterra Energy from "Buy" to "Neutral", while JP Morgan and Johnson Rice upgraded Coterra Energy from "Hold" to "Accumulate". UBS Group cut their target price from $32.00 to $30.00, while Susquehanna lowered its price objective from $34.00 to $32.00. Piper Sandler reissued an "overweight" rating and increased its price objective from $36.00 to $37.00. Coterra Energy released mixed Q1 results, reporting $0.80 earnings per share, beating analysts' consensus, but revenue missed expectations, causing shares to plunge. The company lowered its fiscal 2025 capital budget range. Coterra Energy disclosed a quarterly dividend of $0.22, representing an annualized dividend of $0.88 and a dividend yield of 3.81%.

Demand for natural gas, a major product of Coterra Energy, has historically been seasonal, with peak demand and higher prices during the winter months. The global shift towards electrification is expected to boost demand for natural gas. Natural gas prices are known for their volatility and are influenced by regional supply and demand, geopolitical factors, and market mechanisms. The company's revenues, profitability, and future production growth are highly dependent on commodity prices.

Coterra Energy Inc. is an independent oil and gas company based in Houston, Texas, specializing in the exploration, development, and production of oil, natural gas, and natural gas liquids. The company operates within the Energy sector, specifically in the Oil & Gas Exploration & Production industry. Coterra's major products include natural gas, natural gas liquids, and oil. The company's current form resulted from the 2021 merger of Cabot Oil & Gas Corporation and Cimarex Energy Co.

Coterra Energy's operations are exclusively within the continental United States, with a significant presence in key energy-producing areas. These strategic locations include the Permian Basin in West Texas and Southeast New Mexico, with development activities primarily focusing on the Wolfcamp Shale and Bone Spring formation. The company also operates in the Marcellus Shale, primarily in Susquehanna County, Pennsylvania, and the Anadarko Basin in Oklahoma, with development activities focusing on both the Woodford Shale and Meramec formations.

Information directly detailing Coterra Energy's brand reputation in the past year is not explicitly available. However, the company is described as combining innovative practices and environmental stewardship. Sustainalytics provides an ESG Risk Rating for Coterra Energy, Inc., indicating its industry group as Oil & Gas Producers. The company's investor relations website also includes a "Sustainability" section, suggesting an emphasis on this aspect.

Coterra Energy Inc. has a diverse ownership structure, primarily dominated by institutional investors. Institutional investors hold a significant portion of the company's stock. The largest institutional shareholders include Vanguard Group Inc., Wellington Management Group Llp, BlackRock, Inc., State Street Corp, Aristotle Capital Management, LLC, Charles Schwab Investment Management Inc., and Geode Capital Management, Llc. Individual investors hold a considerable stake, and Dan O. Dinges is the largest individual shareholder. Insiders own approximately 1.40% of the company's stock.