Coterra Energy (NYSE:CTRA – Get Rating) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Friday, The Fly reports.
Several other analysts have also recently weighed in on the stock. Susquehanna Bancshares cut shares of Coterra Energy from a “positive” rating to a “neutral” rating and increased their price target for the company from $26.00 to $32.00 in a research note on Monday, April 25th. Wells Fargo & Company increased their price objective on shares of Coterra Energy from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday, March 14th. Credit Suisse Group increased their price objective on shares of Coterra Energy from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, June 13th. Raymond James increased their target price on shares of Coterra Energy from $31.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, April 25th. Finally, Morgan Stanley increased their target price on shares of Coterra Energy from $25.00 to $30.00 and gave the company an “equal weight” rating in a research report on Friday, April 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Coterra Energy has a consensus rating of “Hold” and an average target price of $34.57.
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Coterra Energy stock opened at $25.90 on Friday. The company has a market capitalization of $20.87 billion, a PE ratio of 12.05, a P/E/G ratio of 0.12 and a beta of -0.22. The company has a 50 day moving average price of $31.22 and a 200-day moving average price of $25.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.54 and a current ratio of 1.57. Coterra Energy has a fifty-two week low of $14.28 and a fifty-two week high of $36.55.
Coterra Energy (NYSE:CTRA – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.18. Coterra Energy had a net margin of 35.13% and a return on equity of 24.79%. During the same quarter last year, the firm earned $0.36 EPS. On average, analysts forecast that Coterra Energy will post 4.14 earnings per share for the current year.
In related news, SVP Francis Brian Barron sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $33.52, for a total value of $335,200.00. Following the completion of the sale, 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 legal filing with the SEC, which is available through the SEC website. Also, EVP Stephen P. Bell sold 36,327 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $35.41, for a total transaction of $1,286,339.07. Following the completion of the sale, the executive vice president now owns 351,436 shares of the company’s stock, valued at $12,444,348.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,327 shares of company stock valued at $3,213,039. Insiders own 1.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC grew its holdings in Coterra Energy by 20.4% in the first quarter. Quent Capital LLC now owns 4,506 shares of the company’s stock valued at $122,000 after purchasing an additional 762 shares during the period. Capital Analysts LLC acquired a new position in Coterra Energy during the first quarter valued at approximately $27,000. Larson Financial Group LLC acquired a new position in Coterra Energy during the first quarter valued at approximately $28,000. BerganKDV Wealth Management LLC acquired a new position in Coterra Energy during the first quarter valued at approximately $29,000. Finally, Eagle Bay Advisors LLC acquired a new position in Coterra Energy during the first quarter valued at approximately $29,000. 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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