Coterra Energy (NYSE:CTRA) Shares Gap Down – What’s Next?

Shares of Coterra Energy Inc. (NYSE:CTRA) gapped down before the market opened on Tuesday . The stock had previously closed at $27.98, but opened at $26.50. Coterra Energy shares last traded at $27.50, with a volume of 1,459,425 shares trading hands.

Analyst Ratings Changes

CTRA has been the subject of several recent analyst reports. Raymond James upped their target price on shares of Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Citigroup increased their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley boosted their price target on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Piper Sandler increased their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Stephens boosted their target price on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and an average target price of $33.42.

Coterra Energy Trading Down 2.8 %

The stock has a fifty day moving average price of $27.23 and a 200 day moving average price of $25.43. The stock has a market cap of $20.04 billion, a PE ratio of 16.41, a PEG ratio of 0.59 and a beta of 0.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61.

Insiders Place Their Bets

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the transaction, the senior vice president now owns 77,075 shares in the company, valued at $2,016,282. The trade was a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Coterra Energy

Institutional investors and hedge funds have recently modified their holdings of the business. City State Bank bought a new stake in shares of Coterra Energy during the fourth quarter worth $26,000. AdvisorNet Financial Inc raised its stake in shares of Coterra Energy by 192.2% during the fourth 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 raised its stake in shares of Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after acquiring an additional 869 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd bought a new position in Coterra Energy in the fourth quarter worth approximately $43,000. 87.92% of the stock is owned by institutional investors.

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.