Coterra Energy (NYSE:CTRA) Stock Price Expected to Rise, Stephens Analyst Says

Coterra Energy (NYSE:CTRA) had its target price boosted by equities researchers at Stephens from $33.00 to $34.00 in a report released on Thursday,MarketScreener reports. The firm currently has an “overweight” rating on the stock. Stephens’ target price indicates a potential upside of 19.62% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Mizuho boosted their target price on Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Wolfe Research lifted their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday. Piper Sandler reduced their price objective on Coterra Energy from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Coterra Energy in a research report on Monday, December 29th. Finally, Siebert Williams Shank boosted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday. Sixteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.81.

Coterra Energy Stock Up 1.3%

Shares of CTRA traded up $0.36 on Thursday, reaching $28.42. The company’s stock had a trading volume of 589,210 shares, compared to its average volume of 10,532,191. The stock has a market capitalization of $21.64 billion, a PE ratio of 13.12, a PEG ratio of 0.66 and a beta of 0.36. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Coterra Energy has a twelve month low of $22.33 and a twelve month high of $29.82. The firm has a fifty day moving average of $26.25 and a 200-day moving average of $24.88.

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

Institutional Trading of Coterra Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Davis Selected Advisers boosted its holdings in shares of Coterra Energy by 112.9% during the 3rd quarter. Davis Selected Advisers now owns 19,883,481 shares of the company’s stock valued at $470,244,000 after acquiring an additional 10,545,340 shares during the last quarter. Vanguard Group Inc. raised its position in Coterra Energy by 4.0% in the third quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company’s stock worth $2,341,151,000 after acquiring an additional 3,781,606 shares during the period. AQR Capital Management LLC grew its position in shares of Coterra Energy by 287.7% during the 3rd quarter. AQR Capital Management LLC now owns 4,573,111 shares of the company’s stock valued at $108,154,000 after acquiring an additional 3,393,697 shares during the period. HITE Hedge Asset Management LLC raised its holdings in Coterra Energy by 308.9% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 2,362,900 shares of the company’s stock worth $55,883,000 after purchasing an additional 1,784,967 shares during the period. Finally, Invesco Ltd. lifted its position in Coterra Energy by 17.6% during the third quarter. Invesco Ltd. now owns 11,744,004 shares of the company’s stock valued at $277,746,000 after purchasing an additional 1,758,859 shares in the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Company Profile

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.