Coterra Energy (NYSE:CTRA) Price Target Lowered to $37.00 at Johnson Rice

Coterra Energy (NYSE:CTRA) had its price target decreased by analysts at Johnson Rice from $38.00 to $37.00 in a report issued on Friday,MarketScreener reports. Johnson Rice’s target price points to a potential upside of 33.27% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Siebert Williams Shank dropped their price objective on shares of Coterra Energy from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Scotiabank cut their price target on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 9th. JPMorgan Chase & Co. decreased their price objective on Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. Roth Capital reissued a “buy” rating and issued a $27.00 price target on shares of Coterra Energy in a research report on Tuesday, November 4th. Finally, Wolfe Research lowered their price objective on shares of Coterra Energy from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.86.

Coterra Energy Stock Performance

Shares of CTRA opened at $27.76 on Friday. The firm’s fifty day simple moving average is $24.79 and its two-hundred day simple moving average is $24.68. Coterra Energy has a 12 month low of $22.33 and a 12 month high of $29.95. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $21.14 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 0.46 and a beta of 0.33.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. The business’s revenue was up 33.7% compared to the same quarter last year. As a group, analysts predict that Coterra Energy will post 1.54 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CTRA. Bogart Wealth LLC purchased a new stake in shares of Coterra Energy during the 2nd quarter worth about $26,000. REAP Financial Group LLC raised its stake in shares of Coterra Energy by 190.1% in the 2nd quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after acquiring an additional 726 shares during the period. Winnow Wealth LLC acquired a new position in shares of Coterra Energy during the 3rd quarter valued at $29,000. Atlantic Union Bankshares Corp purchased a new stake in Coterra Energy during the 3rd quarter worth $29,000. Finally, Triumph Capital Management acquired a new stake in Coterra Energy in the 3rd quarter valued at $31,000. 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.