Valued at a market cap of $18.6 billion, Coterra Energy Inc. (CTRA) is an independent oil and gas company headquartered in Houston, Texas. It explores, develops, and produces oil, natural gas, and natural gas liquids. The company is expected to announce its fiscal Q2 earnings for 2025 after the market closes on Monday, Aug. 4.

Ahead of this event, analysts expect this energy company to report a profit of $0.42 per share, up 20% from $0.35 per share in the year-ago quarter. The company has topped Wall Street’s earnings estimates in two of the last four quarters, while missing on two other occasions. In Q1, CTRA’s EPS of $0.78 outpaced the forecasted figure by 2.6%.

For fiscal 2025, analysts expect Coterra Energy to report a profit of $2.49 per share, up 54.7% from $1.61 per share in fiscal 2024. Furthermore, its EPS is expected to grow 18.1% year-over-year to $2.94 in fiscal 2026.

CTRA has declined 13.8% over the past 52 weeks, underperforming both the S&P 500 Index's ($SPX) 14.5% uptick and the Energy Select Sector SPDR Fund’s (XLE) 7.9% drop over the same time frame.

On May 5, Coterra Energy released mixed Q1 results, and its shares plunged 9.3% in the following trading session. The company’s revenue grew 32.9% year-over-year to $1.9 billion, but missed the consensus estimates by 2.1%. Additionally, CTRA lowered its fiscal 2025 capital budget range to $2 billion to $2.3 billion, driven by less oil-directed activity, which might have further dampened investor confidence. However, on the brighter side, its adjusted EPS of $0.80 improved 56.9% from the prior-year quarter, topping Wall Street estimates by 2.6%. 

Wall Street analysts are highly optimistic about CTRA’s stock, with an overall "Strong Buy" rating. Among 23 analysts covering the stock, 16 recommend "Strong Buy," two indicate "Moderate Buy,” and five suggest "Hold.” The mean price target for CTRA is $33.39, implying a 44.6% potential upside from the current levels.