Coterra Energy (NYSE:CTRA) Price Target Raised to $33.00

Coterra Energy (NYSE:CTRA) had its price target boosted by stock analysts at Barclays from $31.00 to $33.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 28.86% from the stock’s previous close.

A number of other research analysts have also weighed in on CTRA. Wolfe Research started coverage on Coterra Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $35.00 price objective for the company. Morgan Stanley reduced their price objective on Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. UBS Group reduced their price objective on shares of Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Truist Financial decreased their price objective on Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Finally, Piper Sandler raised their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.76.

Coterra Energy Stock Up 1.6 %

Shares of CTRA opened at $25.61 on Thursday. The stock has a fifty day moving average of $23.86 and a 200-day moving average of $25.50. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.64 and a beta of 0.22. Coterra Energy has a 52 week low of $22.30 and a 52 week high of $28.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. As a group, sell-side analysts anticipate that Coterra Energy will post 1.53 earnings per share for the current fiscal year.

Institutional Trading of Coterra Energy

Large investors have recently bought and sold shares of the business. Fortitude Family Office LLC increased its position in shares of Coterra Energy by 154.9% in the second quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock valued at $25,000 after acquiring an additional 567 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Coterra Energy by 98.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock valued at $29,000 after purchasing an additional 535 shares during the period. Values First Advisors Inc. acquired a new stake in Coterra Energy in the 3rd quarter valued at about $57,000. Tobam acquired a new position in Coterra Energy during the third quarter worth approximately $63,000. Finally, EverSource Wealth Advisors LLC raised its stake in Coterra Energy by 31.0% in the first quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock valued at $64,000 after buying an additional 557 shares during the period. 87.92% of the stock is owned by institutional investors.

About Coterra Energy

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.