Siebert Williams Shank Boosts Coterra Energy (NYSE:CTRA) Price Target to $35.00

Coterra Energy (NYSE:CTRA) had its price objective boosted by research analysts at Siebert Williams Shank from $32.00 to $35.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Siebert Williams Shank’s price target indicates a potential upside of 27.63% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Raymond James Financial upped their target price on shares of Coterra Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. JPMorgan Chase & Co. lowered their price target on Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Mizuho raised their price objective on shares of Coterra Energy from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Susquehanna reiterated a “positive” rating on shares of Coterra Energy in a research report on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Coterra Energy in a research note on Monday, December 29th. Sixteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $32.76.

Coterra Energy Price Performance

Coterra Energy stock opened at $27.42 on Monday. The firm has a market capitalization of $20.88 billion, a P/E ratio of 12.64, a PEG ratio of 0.61 and a beta of 0.36. Coterra Energy has a one year low of $22.33 and a one year high of $29.82. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. The business has a fifty day moving average price of $26.10 and a 200-day moving average price of $24.80.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Coterra Energy had a return on equity of 11.23% and a net margin of 23.25%.The business’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the company posted $0.32 EPS. As a group, equities research analysts forecast that Coterra Energy will post 1.54 EPS for the current year.

Hedge Funds Weigh In On Coterra Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC bought a new position in shares of Coterra Energy during the second quarter valued at $26,000. REAP Financial Group LLC increased its position in shares of Coterra Energy by 190.1% during the 2nd quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after purchasing an additional 726 shares during the last quarter. GoalVest Advisory LLC purchased a new position in shares of Coterra Energy in the fourth quarter worth approximately $28,000. Winnow Wealth LLC bought a new stake in Coterra Energy during the third quarter valued at approximately $29,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Coterra Energy during the 3rd quarter worth $29,000. 87.92% of the stock is owned by institutional investors.

About Coterra Energy

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.