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In a recent transaction, Kevin William Smith, the Senior Vice President and Chief Technology Officer of Coterra Energy Inc. (NYSE:CTRA), sold 25,733 shares of the company. The shares were sold at an average price of $29.085 per share, totaling approximately $748,444. The sale comes as Coterra trades near its 52-week high of $29.95, with the stock showing strong momentum, up 14.5% year-to-date. Following this sale, Smith retains ownership of 106,114 shares in the company. This transaction was disclosed in a filing with the Securities and Exchange Commission, dated March 19, 2025. According to InvestingPro analysis, Coterra Energy appears slightly undervalued at its current market capitalization of $21.9 billion. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about Coterra Energy, helping investors make more informed decisions about this stock’s potential.
In other recent news, Coterra Energy reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an adjusted earnings per share of $0.49, compared to the forecast of $0.43. The company’s revenue was in line with projections, reaching $1.4 billion. Despite these positive results, Coterra’s stock experienced a 2% decline in after-hours trading. Analysts from Raymond (NSE:RYMD) James revised their price target for Coterra Energy to $37, down from $41, while maintaining an Outperform rating. This decision came after Coterra exceeded production expectations and reported lower-than-anticipated capital expenditures.
Meanwhile, JPMorgan raised its price target for Coterra Energy to $36 from $35, maintaining an Overweight rating. This adjustment followed the company’s substantial oil and gas volume reports, which exceeded expectations. UBS also maintained its Buy rating on Coterra Energy, setting a price target at $37, citing the company’s favorable production and capital expenditure performance in the fourth quarter. Coterra’s recent operational updates, including the resumption of activities in the Marcellus Shale, were seen positively by UBS.
Coterra Energy announced an increase in its base quarterly dividend by 5%, now at $0.22 per share, reflecting a 3.3% annualized yield. The company’s three-year outlook suggests potential growth in production and stable capital expenditures. Coterra also plans to invest $2.1 to $2.4 billion annually over the next three years, with a focus on maintaining production growth and operational efficiency. These recent developments indicate a strategic positioning to navigate the dynamic energy market effectively.
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