Coterra Energy (NYSE:CTRA) Stock Price Expected to Rise, Barclays Analyst Says

Coterra Energy (NYSE:CTRA) had its target price upped by equities research analysts at Barclays from $36.00 to $37.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 35.13% from the company’s current price.

A number of other analysts have also recently weighed in on CTRA. Truist Financial increased their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Citigroup increased their price target on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Mizuho raised their price target on Coterra Energy from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Piper Sandler boosted their target price on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Jefferies Financial Group upped their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.47.

Coterra Energy Stock Performance

Shares of CTRA opened at $27.38 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy has a 12-month low of $22.30 and a 12-month high of $29.95. The business’s fifty day moving average price is $27.29 and its 200 day moving average price is $25.45. The stock has a market capitalization of $20.17 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26.

Insider Buying and Selling at Coterra Energy

In related news, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total transaction of $775,460.88. Following the transaction, the senior vice president now owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Coterra Energy

A number of large investors have recently bought and sold shares of the business. City State Bank acquired a new stake in shares of Coterra Energy in the fourth quarter worth about $26,000. AdvisorNet Financial Inc raised its stake in shares of Coterra Energy by 192.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after acquiring an additional 744 shares in the last quarter. MCF Advisors LLC boosted its position in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after purchasing an additional 869 shares during the period. R Squared Ltd acquired a new position in Coterra Energy during the fourth quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd bought a new position in shares of Coterra Energy in the fourth quarter valued at approximately $43,000. 87.92% of the stock is currently 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.