Coterra Energy Inc. (CTRA) To Go Ex-Dividend on November 13th

Coterra Energy Inc. (NYSE:CTRA) announced a quarterly dividend on Monday, November 3rd. Stockholders of record on Thursday, November 13th will be paid a dividend of 0.22 per share on Wednesday, November 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend 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 raised its dividend every year for the last 4 years. Coterra Energy has a dividend payout ratio of 28.0% meaning 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 NYSE CTRA opened at $25.85 on Wednesday. The firm’s 50-day moving average price is $23.81 and its 200-day moving average price is $24.42. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. The company has a market cap of $19.73 billion, a PE ratio of 12.37, a PEG ratio of 0.36 and a beta of 0.29. Coterra Energy has a 52-week low of $22.33 and a 52-week high of $29.95.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The company had revenue of $558.00 million for the quarter, compared to analysts’ expectations of $1.83 billion. Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The business’s revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. 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.