Coterra Energy (NYSE:CTRA – Get Rating) had its price target lifted by investment analysts at Citigroup from $32.00 to $40.00 in a research note issued on Monday, The Fly reports. Citigroup’s target price indicates a potential upside of 13.70% from the stock’s current price.
Several other research firms have also recently issued reports on CTRA. Susquehanna Bancshares cut Coterra Energy from a “positive” rating to a “neutral” rating and raised their target price for the stock from $26.00 to $32.00 in a research note on Monday, April 25th. Truist Financial raised their target price on Coterra Energy from $29.00 to $41.00 in a research note on Thursday, April 21st. Piper Sandler cut their target price on Coterra Energy to $34.00 and set a “na” rating for the company in a research note on Wednesday, May 18th. Mizuho raised their target price on Coterra Energy from $38.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, April 8th. Finally, Wells Fargo & Company raised their target price on Coterra Energy from $31.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, March 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.93.
NYSE:CTRA opened at $35.18 on Monday. Coterra Energy has a one year low of $14.28 and a one year high of $36.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.54 and a current ratio of 1.57. The stock has a market cap of $28.35 billion, a PE ratio of 16.36, a P/E/G ratio of 0.16 and a beta of -0.22. The stock has a 50 day moving average price of $30.29 and a 200 day moving average price of $24.99.
Coterra Energy (NYSE:CTRA – Get Rating) last posted its quarterly earnings results on Monday, May 2nd. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.83 by $0.18. Coterra Energy had a return on equity of 24.79% and a net margin of 35.13%. During the same period in the previous year, the firm earned $0.36 earnings per share. As a group, analysts predict that Coterra Energy will post 4.06 earnings per share for the current fiscal year.
In related news, SVP Francis Brian Barron sold 10,000 shares of Coterra Energy stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $33.52, for a total value of $335,200.00. Following the completion of the transaction, the senior vice president now directly owns 281,212 shares in the company, valued at $9,426,226.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Steven W. Lindeman sold 35,000 shares of Coterra Energy stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $27.07, for a total value of $947,450.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,000 shares of company stock valued at $3,670,350. 1.60% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new stake in Coterra Energy during the 1st quarter worth about $2,472,575,000. Capital World Investors purchased a new stake in Coterra Energy during the 1st quarter worth about $2,268,599,000. BlackRock Inc. purchased a new stake in Coterra Energy during the 1st quarter worth about $1,802,238,000. State Street Corp purchased a new stake in Coterra Energy during the 1st quarter worth about $1,493,855,000. Finally, Wellington Management Group LLP purchased a new stake in Coterra Energy during the 1st quarter worth about $1,000,797,000. Hedge funds and other institutional investors own 93.40% of the company’s stock.
Coterra Energy Company Profile (Get Rating)
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. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.
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