Coterra Energy (NYSE:CTRA) PT Raised to $37.00

Coterra Energy (NYSE:CTRA) had its price target increased by investment analysts at Mizuho from $34.00 to $37.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Mizuho’s target price suggests a potential upside of 36.23% from the stock’s current price.

Several other research firms also recently issued reports on CTRA. Barclays assumed coverage on Coterra Energy in a research note on Wednesday, April 10th. They set an “overweight” rating and a $36.00 price target for the company. Stifel Nicolaus dropped their target price on Coterra Energy from $33.00 to $31.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Morgan Stanley raised their price target on Coterra Energy from $26.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Raymond James increased their price objective on Coterra Energy from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Stephens restated an “overweight” rating and issued a $39.00 price target on shares of Coterra Energy in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $32.67.

Coterra Energy Trading Up 0.9 %

Shares of CTRA stock opened at $27.16 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.18 and a current ratio of 1.21. Coterra Energy has a 1 year low of $22.91 and a 1 year high of $29.89. The stock has a fifty day moving average of $27.26 and a two-hundred day moving average of $26.41. The firm has a market capitalization of $20.42 billion, a PE ratio of 12.69 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. As a group, research analysts expect that Coterra Energy will post 1.82 EPS for the current year.

Insider Buying and Selling

In related news, CAO Todd M. Roemer sold 55,000 shares of Coterra Energy stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the transaction, the chief accounting officer now directly owns 176,758 shares in the company, valued at approximately $4,783,071.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the sale, the chief accounting officer now directly owns 176,758 shares of the company’s stock, valued at $4,783,071.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael D. Deshazer sold 14,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $26.06, for a total transaction of $364,840.00. Following the transaction, the vice president now directly owns 93,988 shares of the company’s stock, valued at $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in shares of Coterra Energy by 18.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 218,119 shares of the company’s stock worth $5,900,000 after buying an additional 34,479 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Coterra Energy by 688.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 266,410 shares of the company’s stock valued at $7,206,000 after purchasing an additional 232,626 shares during the period. Raymond James & Associates boosted its stake in Coterra Energy by 1.5% during the third quarter. Raymond James & Associates now owns 1,096,984 shares of the company’s stock worth $29,673,000 after buying an additional 16,710 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Coterra Energy by 29.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 178,109 shares of the company’s stock worth $4,818,000 after purchasing an additional 40,446 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in Coterra Energy by 87.1% in the third quarter. Independent Advisor Alliance now owns 54,206 shares of the company’s stock valued at $1,466,000 after acquiring an additional 25,228 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Company Profile

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.