Coterra Energy (NYSE:CTRA) Price Target Raised to $32.00

Coterra Energy (NYSE:CTRA) had its price target hoisted by Roth Mkm from $28.00 to $32.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage currently has a “neutral” rating on the stock. Roth Mkm’s target price would indicate a potential upside of 1.14% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on CTRA. Jefferies Financial Group upped their price objective on shares of Coterra Energy from $28.00 to $33.00 and gave the stock a “hold” rating in a report on Monday. UBS Group boosted their price target on Coterra Energy from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. cut their price target on Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Raymond James Financial lifted their price objective on Coterra Energy from $34.00 to $41.00 in a research note on Monday, March 9th. Finally, Mizuho increased their target price on Coterra Energy from $36.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Sixteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

Coterra Energy Stock Down 0.1%

Shares of Coterra Energy stock opened at $31.64 on Wednesday. Coterra Energy has a 1 year low of $22.33 and a 1 year high of $36.88. The firm has a market cap of $24.03 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 0.53 and a beta of 0.29. The company has a 50-day moving average of $32.38 and a 200 day moving average of $27.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16.

Hedge Funds Weigh In On Coterra Energy

Several hedge funds and other institutional investors have recently bought and sold shares of CTRA. Panagora Asset Management Inc. boosted its holdings in shares of Coterra Energy by 2.6% during the 4th quarter. Panagora Asset Management Inc. now owns 13,747 shares of the company’s stock valued at $362,000 after acquiring an additional 347 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Coterra Energy by 1.4% during the fourth quarter. Johnson Financial Group Inc. now owns 25,158 shares of the company’s stock valued at $662,000 after purchasing an additional 349 shares during the last quarter. Bruce G. Allen Investments LLC lifted its position in Coterra Energy by 13.0% during the fourth quarter. Bruce G. Allen Investments LLC now owns 3,219 shares of the company’s stock valued at $85,000 after purchasing an additional 371 shares during the period. Advisors Asset Management Inc. lifted its position in Coterra Energy by 0.7% during the third quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock valued at $1,438,000 after purchasing an additional 398 shares during the period. Finally, KLCM Advisors Inc. boosted its holdings in Coterra Energy by 4.2% in the third quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock worth $233,000 after purchasing an additional 400 shares during 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.