Recent Investment Analyst Rating Updates for Coterra Energy (CTRA)

A number of research firms have changed their ratings and price targets Coterra energy (NYSE: CTRA):

• 4/19/2024 – Coterra Energy’s price target was raised from $35.00 to $37.00 by analysts at Piper Sandler. They now have an ‘overweight’ rating on the stock.
• Apr 17, 2024 – Coterra Energy’s price target was raised from $26.00 to $29.00 by Morgan Stanley analysts. They now have an equalweight rating on the stock.
• Apr 11, 2024 – Coterra Energy’s price target has been raised from $31.00 to $35.00 by analysts at Scotiabank. They now have a ‘sector outperform’ rating on the stock.
• 10-04-2024 – Coterra Energy is now followed by analysts at Barclays PLC. They gave the stock an overweight rating and a $36.00 price target.
• 4/5/2024 – Coterra Energy’s price target was revised by Truist Financial Co. analysts. reduced from $30.00 to $27.00. They now have a ‘hold’ rating on the stock.
• 4/4/2024 – Coterra Energy’s price target was revised by analysts at JPMorgan Chase & Co. increased from $29.00 to $30.00. They now have an ‘overweight’ rating on the stock.
• 4/3/2024 – Coterra Energy’s ‘buy’ recommendation was reconfirmed by Mizuho analysts. They now have a $34.00 price target on the stock.
• 3/28/2024 – Coterra Energy’s price target was lowered from $27.00 to $26.00 by Morgan Stanley analysts. They now have an equalweight rating on the stock.
• 3/22/2024 – Coterra Energy’s price target was lowered from $33.00 to $31.00 by Stifel Nicolaus analysts. They now have a buy rating on the stock.
• 3/21/2024 – Coterra Energy’s price target was lowered from $35.00 to $34.00 by analysts at Mizuho. They now have a buy rating on the stock.
• 3/7/2024 – Coterra Energy’s price target was raised from $33.00 to $35.00 by analysts at Piper Sandler. They now have an ‘overweight’ rating on the stock.
• 3/1/2024 – Coterra Energy’s price target was raised from $31.00 to $32.00 by analysts at UBS Group AG. They now have a buy rating on the stock.

Coterra Energy Price Performance

CTRA stock opened at $27.75 on Monday. The company has a fifty-day moving average of $26.71 and a 200-day moving average of $26.38. The company has a market cap of $20.86 billion, a price-to-earnings ratio of 12.97 and a beta of 0.21. Coterra Energy Inc. has a 52-week low of $22.91 and a 52-week high of $29.89. 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 (NYSE:CTRA – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. As a group, equity analysts expect Coterra Energy Inc. will post earnings per share of 1.93 for the current year.

Coterra Energy increases dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28. Well-known investors received a dividend of $0.21 per share on Thursday, March 14. The ex-dividend date was Wednesday, March 13. This is a boost from Coterra Energy’s previous quarterly dividend of $0.20. This represents a dividend of $0.84 annually and a yield of 3.03%. Coterra Energy’s payout ratio is 39.25%.

Buying and selling with insider information

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

Institutional trading in Coterra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CTRA. Vanguard Group Inc. bought a new stake in Coterra Energy shares worth $2,472,575,000 in the first quarter. State Street Corp bought a new stake in shares of Coterra Energy during the first quarter valued at $1,493,855,000. Northern Trust Corp bought a new stake in shares of Coterra Energy during the first quarter worth $300,998,000. Invesco Ltd. bought a new stake in shares of Coterra Energy worth $169,781,000 in the first quarter. Finally, Charles bought Schwab Investment Management Inc. a new stake in Coterra Energy shares worth $151,999,000 in the first quarter. Institutional investors own 87.92% of the company’s shares.

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 in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in western Texas and southeastern New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.

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