Wolfe Research Issues Positive Forecast for Coterra Energy (NYSE:CTRA) Stock Price

Coterra Energy (NYSE:CTRA) had its target price lifted by equities researchers at Wolfe Research from $33.00 to $40.00 in a note issued to investors on Tuesday,MarketScreener reports. Wolfe Research’s target price would suggest a potential upside of 41.74% from the stock’s previous close.

CTRA has been the topic of several other research reports. Piper Sandler cut their target price on Coterra Energy from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 28th. William Blair started coverage on shares of Coterra Energy in a research report on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 price target for the company. Zacks Research cut Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Siebert Williams Shank raised their price target on Coterra Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Susquehanna increased their price target on shares of Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a research note on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.14.

Coterra Energy Stock Up 1.5%

Shares of CTRA stock traded up $0.41 during trading hours on Tuesday, reaching $28.22. 2,636,335 shares of the stock were exchanged, compared to its average volume of 11,476,720. Coterra Energy has a 12-month low of $22.33 and a 12-month high of $29.82. The business’s fifty day moving average is $26.34 and its two-hundred day moving average is $24.93. 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 firm has a market capitalization of $21.49 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.69 and a beta of 0.36.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Coterra Energy by 1.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,611,097 shares of the company’s stock worth $42,855,000 after purchasing an additional 28,460 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Coterra Energy by 59.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 8,430 shares of the company’s stock worth $222,000 after buying an additional 3,151 shares in the last quarter. RNC Capital Management LLC grew its position in Coterra Energy by 45.0% during the fourth quarter. RNC Capital Management LLC now owns 1,847,261 shares of the company’s stock worth $48,620,000 after buying an additional 572,944 shares during the period. QRG Capital Management Inc. increased its holdings in Coterra Energy by 14.3% in the fourth quarter. QRG Capital Management Inc. now owns 163,671 shares of the company’s stock valued at $4,308,000 after buying an additional 20,483 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co lifted its position in shares of Coterra Energy by 0.8% during the 4th quarter. Varma Mutual Pension Insurance Co now owns 410,191 shares of the company’s stock valued at $10,796,000 after acquiring an additional 3,200 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Key Coterra Energy News

Here are the key news stories impacting Coterra Energy this week:

• Positive Sentiment: The deal creates a large-cap, Delaware Basin‑focused shale operator that management says will drive scale, cost synergies and a stronger free‑cash‑flow profile for combined shareholders. US shale producers Devon and Coterra to merge in a $58 billion deal
• Positive Sentiment: Large shareholder Kimmeridge publicly supports the combination, which reduces risk that a major investor will oppose the transaction and may help smooth the approval path. KIMMERIDGE COMMENTS ON PROPOSED MERGER OF COTERRA AND DEVON
• Positive Sentiment: Scotiabank reaffirmed a “sector perform” rating and set a $31 price target, implying upside versus recent levels and signaling some analyst confidence in the combined value proposition. Benzinga
• Neutral Sentiment: Analysts and commentators are digesting valuation and longer‑term returns for CTRA ahead of deal close; several note the potential for improved scale but debate the fairness of the exchange ratio. Coterra And Devon Merger Reshapes Shale Outlook And Valuation Case
• Neutral Sentiment: Company M&A call transcript and additional write‑ups provide details on integration plans and expected synergies; these are useful for modeling post‑deal cash flow but won’t resolve near‑term market uncertainty. Coterra Energy Inc. (CTRA) M&A Call Transcript
• Negative Sentiment: Both Devon and Coterra shares initially fell on the merger announcement as investors weigh dilution/terms, integration risk and the potential that the market already priced some deal benefits. Devon Energy and Coterra Energy stock falls on merger announcement
• Negative Sentiment: Multiple law firms have launched investigations and shareholder‑class action alerts questioning whether Coterra shareholders are receiving a fair price, adding legal and closing‑risk overhang. SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Coterra Energy, Inc.

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.