Coterra Energy (CTRA) Update - Jan 23
Posted: Tue Jan 23, 2024 2:02 pm
My updated forecast for CTRA has been posted to the EPG Website. My current valuation is $31.00.
At the time of this post CTRA was trading at $24.44.
TipRanks: "In the last 3 months, 13 ranked analysts set 12-month price targets for CTRA. The average price target among the analysts is $32.31. The 13 price targets range from $27 to $39."
CTRA should generate over $1.5 billion of free cash flow from operations in 2024.
Based on my forecast, 2024 dividends should total ~$1.50. Recently the Company has focused more on stock buybacks, reducing their dividends to $0.20/Qtr.
Production mix is approximately 71% natural gas, 15% crude oil and 14% NGLs. ~58% of their revenues will be from liquid sales in Q4 2023.
You can download the CTRA forecast model directly from the EPG website.
At the time of this post CTRA was trading at $24.44.
TipRanks: "In the last 3 months, 13 ranked analysts set 12-month price targets for CTRA. The average price target among the analysts is $32.31. The 13 price targets range from $27 to $39."
CTRA should generate over $1.5 billion of free cash flow from operations in 2024.
Based on my forecast, 2024 dividends should total ~$1.50. Recently the Company has focused more on stock buybacks, reducing their dividends to $0.20/Qtr.
Production mix is approximately 71% natural gas, 15% crude oil and 14% NGLs. ~58% of their revenues will be from liquid sales in Q4 2023.
You can download the CTRA forecast model directly from the EPG website.