Brokerages Set Coterra Energy Inc. (NYSE:CTRA) PT at $34.76

Shares of Coterra Energy Inc. (NYSE:CTRA) have earned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $34.7619.

A number of analysts have recently commented on CTRA shares. Raymond James Financial boosted their price objective on Coterra Energy from $34.00 to $41.00 in a research report on Monday, March 9th. Mizuho lifted their price target on shares of Coterra Energy from $36.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Siebert Williams Shank lowered shares of Coterra Energy from a “buy” rating to a “hold” rating in a report on Friday, March 6th. Zacks Research raised shares of Coterra Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, BMO Capital Markets upped their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 3rd.

Coterra Energy Stock Performance

NYSE CTRA opened at $35.18 on Monday. The stock has a market capitalization of $26.71 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 0.87 and a beta of 0.38. The stock has a 50-day moving average of $30.39 and a 200 day moving average of $26.89. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. Coterra Energy has a twelve month low of $22.33 and a twelve month high of $35.32.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, March 11th. Coterra Energy’s dividend payout ratio is 38.60%.

Hedge Funds Weigh In On Coterra Energy

A number of hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its stake in Coterra Energy by 25.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 199,129 shares of the company’s stock valued at $5,241,000 after purchasing an additional 39,886 shares during the last quarter. Advisortrust Partners LLC acquired a new stake in Coterra Energy during the 4th quarter worth $318,000. Corient Private Wealth LLC grew its holdings in shares of Coterra Energy by 9.5% during the fourth quarter. Corient Private Wealth LLC now owns 193,934 shares of the company’s stock worth $5,104,000 after buying an additional 16,850 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Coterra Energy by 17.4% during the fourth quarter. Hsbc Holdings PLC now owns 2,108,345 shares of the company’s stock worth $55,450,000 after buying an additional 312,673 shares in the last quarter. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of Coterra Energy in the fourth quarter valued at about $293,000. 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.