Coterra Energy (NYSE:CTRA) Price Target Raised to $40.00

Coterra Energy (NYSE:CTRA) had its price objective upped by Susquehanna from $34.00 to $40.00 in a research note issued to investors on Tuesday,MarketScreener reports. Susquehanna currently has a positive rating on the stock.

Several other research analysts also recently issued reports on CTRA. Roth Mkm boosted their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. UBS Group boosted their price objective on shares of Coterra Energy from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. BMO Capital Markets boosted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the stock a “market perform” rating in a report on Tuesday, March 3rd. Zacks Research upgraded shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Morgan Stanley boosted their price objective on shares of Coterra Energy from $28.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and an average price target of $37.13.

Coterra Energy Stock Performance

NYSE CTRA opened at $33.66 on Tuesday. The company’s fifty day moving average is $32.57 and its two-hundred day moving average is $28.29. Coterra Energy has a 52-week low of $22.33 and a 52-week high of $36.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16. The firm has a market capitalization of $25.56 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 0.49 and a beta of 0.29.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, March 11th. Coterra Energy’s payout ratio is 38.60%.

Institutional Trading of Coterra Energy

Institutional investors have recently made changes to their positions in the business. Fideuram Asset Management Ireland dac acquired a new stake in shares of Coterra Energy during the 4th quarter valued at about $27,000. GoalVest Advisory LLC acquired a new stake in shares of Coterra Energy during the 4th quarter valued at about $28,000. Winnow Wealth LLC acquired a new stake in shares of Coterra Energy during the 3rd quarter valued at about $29,000. City Holding Co. boosted its position in shares of Coterra Energy by 144.4% during the 4th quarter. City Holding Co. now owns 1,222 shares of the company’s stock valued at $32,000 after acquiring an additional 722 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Coterra Energy during the 3rd quarter valued at about $29,000. 87.92% of the stock is currently owned by institutional investors and hedge funds.

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.