Coterra Energy Inc. (NYSE:CTRA) Announces $0.22 Quarterly Dividend

Coterra Energy Inc. (NYSE:CTRA) announced a quarterly dividend on Monday, November 3rd. Investors of record on Thursday, November 13th will be given a dividend of 0.22 per share on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Thursday, November 13th.

Coterra Energy has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Coterra Energy has a dividend payout ratio of 28.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Coterra Energy to earn $3.13 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 28.1%.

Coterra Energy Stock Performance

Shares of Coterra Energy stock opened at $24.40 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $23.77 and a two-hundred day moving average price of $24.42. Coterra Energy has a 1-year low of $22.33 and a 1-year high of $29.95. The company has a market cap of $18.62 billion, a P/E ratio of 11.67, a PEG ratio of 0.36 and a beta of 0.29.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.02). Coterra Energy had a return on equity of 10.99% and a net margin of 23.80%.The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the business posted $0.37 earnings per share. The business’s revenue was up 54.6% on a year-over-year basis. As a group, analysts anticipate that Coterra Energy will post 1.54 EPS for the current year.

Coterra Energy Company Profile

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.