Coterra Energy (NYSE:CTRA) Price Target Raised to $37.00

Coterra Energy (NYSE:CTRA) had its price objective upped by equities research analysts at Barclays from $34.00 to $37.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 13.65% from the stock’s current price.

A number of other research analysts have also recently commented on the company. TD Cowen dropped their price target on Coterra Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Stephens boosted their price objective on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. UBS Group upped their target price on Coterra Energy from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Texas Capital downgraded Coterra Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Zacks Research cut Coterra Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Fourteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Coterra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.43.

Coterra Energy Price Performance

Coterra Energy stock traded up $0.41 during mid-day trading on Monday, reaching $32.56. The company had a trading volume of 2,809,054 shares, compared to its average volume of 11,355,994. The business has a fifty day simple moving average of $29.01 and a 200 day simple moving average of $26.37. The company has a market cap of $24.72 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.80 and a beta of 0.37. Coterra Energy has a fifty-two week low of $22.33 and a fifty-two week high of $32.71. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CTRA. AE Wealth Management LLC raised its holdings in shares of Coterra Energy by 15.0% during the second quarter. AE Wealth Management LLC now owns 9,861 shares of the company’s stock valued at $250,000 after purchasing an additional 1,285 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Coterra Energy by 91.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 65,308 shares of the company’s stock valued at $1,658,000 after buying an additional 31,136 shares during the period. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Coterra Energy by 8.0% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 114,059 shares of the company’s stock valued at $2,895,000 after buying an additional 8,442 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Coterra Energy by 11.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 187,194 shares of the company’s stock valued at $4,751,000 after buying an additional 18,779 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Coterra Energy by 130.5% in the 2nd quarter. SG Americas Securities LLC now owns 189,128 shares of the company’s stock valued at $4,800,000 after buying an additional 107,071 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Company Profile

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.