Coterra Energy Inc. (NYSE:CTRA) Receives $32.81 Average PT from Analysts

Shares of Coterra Energy Inc. (NYSE:CTRA) have received an average recommendation of “Moderate Buy” from the twenty-two analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $33.40.

A number of brokerages have weighed in on CTRA. William Blair began coverage on shares of Coterra Energy in a research note on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 price target on the stock. Roth Mkm set a $28.00 price objective on shares of Coterra Energy and gave the company a “neutral” rating in a research report on Tuesday. Wolfe Research increased their target price on Coterra Energy from $33.00 to $40.00 in a report on Tuesday. Barclays dropped their price target on Coterra Energy from $35.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 21st. Finally, Raymond James Financial upped their price objective on Coterra Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, November 24th.

Institutional Trading of Coterra Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. QRG Capital Management Inc. boosted its position in shares of Coterra Energy by 67.0% during the 3rd quarter. QRG Capital Management Inc. now owns 143,188 shares of the company’s stock worth $3,386,000 after acquiring an additional 57,461 shares in the last quarter. State of Michigan Retirement System raised its position in Coterra Energy by 5.8% during the second quarter. State of Michigan Retirement System now owns 244,459 shares of the company’s stock valued at $6,204,000 after purchasing an additional 13,500 shares in the last quarter. Summit Global Investments bought a new stake in Coterra Energy during the third quarter worth $1,086,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Coterra Energy by 36.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 830,392 shares of the company’s stock valued at $19,639,000 after purchasing an additional 220,688 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its stake in shares of Coterra Energy by 30.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 294,598 shares of the company’s stock valued at $7,486,000 after purchasing an additional 68,100 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Stock Down 0.5%

Shares of Coterra Energy stock opened at $30.33 on Friday. The company has a market capitalization of $23.09 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 0.73 and a beta of 0.38. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. The business has a 50-day moving average of $26.57 and a two-hundred day moving average of $25.04. Coterra Energy has a 1 year low of $22.33 and a 1 year high of $30.64.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Coterra Energy’s revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, equities analysts predict that Coterra Energy will post 1.54 EPS for the current year.

About Coterra Energy

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.