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CTRA

Coterra EnergyNYSE:CTRA Stock Report

Last Price

US$19.33

Market Cap

US$15.7b

7D

-12.9%

1Y

4.3%

Updated

23 Jan, 2022

Data

Company Financials +
CTRA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth6/6
Past Performance5/6
Financial Health4/6
Dividends5/6

CTRA Stock Overview

Coterra Energy Inc., an independent oil and gas company, explores for, exploits, develops, produces, and markets oil and gas properties in the United States.

Coterra Energy Competitors

EOG Resources

NYSE:EOG

US$58.9b

Pioneer Natural Resources

NYSE:PXD

US$50.5b

Devon Energy

NYSE:DVN

US$31.2b

Hess

NYSE:HES

US$27.0b

Price History & Performance

Summary of all time highs, changes and price drops for Coterra Energy
Historical stock prices
Current Share PriceUS$19.33
52 Week HighUS$23.64
52 Week LowUS$14.28
Beta-0.13
1 Month Change-0.31%
3 Month Change-14.32%
1 Year Change4.26%
3 Year Change-25.40%
5 Year Change-14.28%
Change since IPO1,244.70%

Recent News & Updates

Dec 28

Coterra Energy: A New Dividend Play

Cabot Oil & Gas and Cimarex Energy Co. completed the merger on October 1, 2021. It was a merger valued at $17 billion. On a consolidated basis, Coterra Energy produced 645.0K Boep/d in 3Q21. I recommend buying CTRA below $19.1.

Dec 10
Is Coterra Energy (NYSE:CTRA) A Risky Investment?

Is Coterra Energy (NYSE:CTRA) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Nov 25
Are Investors Undervaluing Coterra Energy Inc. (NYSE:CTRA) By 41%?

Are Investors Undervaluing Coterra Energy Inc. (NYSE:CTRA) By 41%?

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Coterra Energy Inc...

Nov 07

Coterra Energy Might Need To Initiate Buyback For The Stock To Outperform

Accelerating variable dividend payments by one quarter forward was an absolutely right thing to do. Investors are eager for capital returns from oil and gas stocks. Coterra's dividend yield is attractively high, but comparing to the peer group's total capital returns (inc. buybacks) it actually looks low.

Shareholder Returns

CTRAUS Oil and GasUS Market
7D-12.9%-3.9%-6.1%
1Y4.3%46.2%4.2%

Return vs Industry: CTRA underperformed the US Oil and Gas industry which returned 46.2% over the past year.

Return vs Market: CTRA matched the US Market which returned 4.2% over the past year.

Price Volatility

Is CTRA's price volatile compared to industry and market?
CTRA volatility
CTRA Average Weekly Movement5.6%
Oil and Gas Industry Average Movement7.3%
Market Average Movement6.7%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.4%

Stable Share Price: CTRA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CTRA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989503Tom Jordenhttps://www.cabotog.com

Coterra Energy Inc., an independent oil and gas company, explores for, exploits, develops, produces, and markets oil and gas properties in the United States. It primarily focuses on the Marcellus Shale with approximately 175,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. The company sells its natural gas to industrial customers, local distribution companies, gas marketers, and power generation facilities through gathering systems and pipelines.

Coterra Energy Fundamentals Summary

How do Coterra Energy's earnings and revenue compare to its market cap?
CTRA fundamental statistics
Market CapUS$15.73b
Earnings (TTM)US$350.74m
Revenue (TTM)US$1.94b

44.8x

P/E Ratio

8.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTRA income statement (TTM)
RevenueUS$1.94b
Cost of RevenueUS$637.45m
Gross ProfitUS$1.30b
ExpensesUS$951.36m
EarningsUS$350.74m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.43
Gross Margin67.13%
Net Profit Margin18.08%
Debt/Equity Ratio40.7%

How did CTRA perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

48%

Payout Ratio

Valuation

Is Coterra Energy undervalued compared to its fair value and its price relative to the market?

33.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CTRA ($19.33) is trading below our estimate of fair value ($29.1)

Significantly Below Fair Value: CTRA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CTRA is poor value based on its PE Ratio (44.8x) compared to the US Oil and Gas industry average (16.8x).

PE vs Market: CTRA is poor value based on its PE Ratio (44.8x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: CTRA is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: CTRA is overvalued based on its PB Ratio (6.8x) compared to the US Oil and Gas industry average (2.1x).


Future Growth

How is Coterra Energy forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

26.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTRA's forecast earnings growth (26.3% per year) is above the savings rate (2%).

Earnings vs Market: CTRA's earnings (26.3% per year) are forecast to grow faster than the US market (13% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CTRA's revenue (22.5% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: CTRA's revenue (22.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CTRA's Return on Equity is forecast to be high in 3 years time (37.4%)


Past Performance

How has Coterra Energy performed over the past 5 years?

38.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTRA has high quality earnings.

Growing Profit Margin: CTRA's current net profit margins (18.1%) are higher than last year (14.9%).


Past Earnings Growth Analysis

Earnings Trend: CTRA has become profitable over the past 5 years, growing earnings by 38.8% per year.

Accelerating Growth: CTRA's earnings growth over the past year (62.2%) exceeds its 5-year average (38.8% per year).

Earnings vs Industry: CTRA earnings growth over the past year (62.2%) exceeded the Oil and Gas industry 17.4%.


Return on Equity

High ROE: CTRA's Return on Equity (15.1%) is considered low.


Financial Health

How is Coterra Energy's financial position?


Financial Position Analysis

Short Term Liabilities: CTRA's short term assets ($442.7M) do not cover its short term liabilities ($466.0M).

Long Term Liabilities: CTRA's short term assets ($442.7M) do not cover its long term liabilities ($1.9B).


Debt to Equity History and Analysis

Debt Level: CTRA's net debt to equity ratio (37.4%) is considered satisfactory.

Reducing Debt: CTRA's debt to equity ratio has reduced from 53.2% to 40.7% over the past 5 years.

Debt Coverage: CTRA's debt is well covered by operating cash flow (108%).

Interest Coverage: CTRA's interest payments on its debt are well covered by EBIT (11.1x coverage).


Balance Sheet


Dividend

What is Coterra Energy current dividend yield, its reliability and sustainability?

2.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CTRA's dividend (2.59%) is higher than the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: CTRA's dividend (2.59%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: CTRA's dividends per share have been stable in the past 10 years.

Growing Dividend: CTRA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.8%), CTRA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CTRA's dividends in 3 years are forecast to be well covered by earnings (18.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average board tenure


CEO

Tom Jorden (64 yo)

no data

Tenure

Mr. Thomas E. Jorden, also known as Tom, serves as Chief Executive Officer, President and Director of Coterra Energy Inc. He has been the Chief Executive Officer and President at Cimarex Energy Company sin...


Board Members

Experienced Board: CTRA's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CTRA insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 104.1%.


Top Shareholders

Company Information

Coterra Energy Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Coterra Energy Inc.
  • Ticker: CTRA
  • Exchange: NYSE
  • Founded: 1989
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$15.726b
  • Shares outstanding: 813.58m
  • Website: https://www.cabotog.com

Number of Employees


Location

  • Coterra Energy Inc.
  • Three Memorial City Plaza
  • Suite 1400
  • Houston
  • Texas
  • 77024
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/23 23:07
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.