Coterra Energy Inc. (NYSE:CTRA) Receives $37.32 Consensus PT from Analysts

Shares of Coterra Energy Inc. (NYSE:CTRAGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are covering the company, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation, fifteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $37.3182.

A number of analysts recently issued reports on CTRA shares. Scotiabank increased their price target on shares of Coterra Energy from $31.00 to $32.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Morgan Stanley increased their price target on shares of Coterra Energy from $28.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Susquehanna increased their price target on shares of Coterra Energy from $34.00 to $40.00 and gave the stock a “positive” rating in a report on Tuesday, April 21st. Siebert Williams Shank cut shares of Coterra Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 6th. Finally, Citigroup upped their price objective on shares of Coterra Energy from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, March 30th.

Check Out Our Latest Analysis on Coterra Energy

Coterra Energy Stock Performance

Shares of NYSE CTRA opened at $32.25 on Tuesday. The company’s fifty day moving average price is $33.26 and its 200 day moving average price is $29.30. Coterra Energy has a 1 year low of $22.33 and a 1 year high of $36.88. The company has a market capitalization of $24.49 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.48 and a beta of 0.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19.

Coterra Energy (NYSE:CTRAGet Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.28). Coterra Energy had a return on equity of 10.43% and a net margin of 22.46%.The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $2.25 billion. On average, research analysts predict that Coterra Energy will post 2.87 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 dividend on an annualized basis and a yield of 2.7%. Coterra Energy’s dividend payout ratio is currently 38.60%.

Hedge Funds Weigh In On Coterra Energy

Large investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its position in shares of Coterra Energy by 67.0% in the third quarter. QRG Capital Management Inc. now owns 143,188 shares of the company’s stock valued at $3,386,000 after buying an additional 57,461 shares during the last quarter. Summit Global Investments acquired a new stake in shares of Coterra Energy in the third quarter valued at about $1,086,000. Ashton Thomas Private Wealth LLC raised its position in shares of Coterra Energy by 60.7% in the third quarter. Ashton Thomas Private Wealth LLC now owns 273,650 shares of the company’s stock valued at $6,472,000 after buying an additional 103,381 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Coterra Energy by 4.0% in the third quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company’s stock valued at $2,341,151,000 after buying an additional 3,781,606 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Coterra Energy by 36.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 830,392 shares of the company’s stock valued at $19,639,000 after buying an additional 220,688 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

Coterra Energy Company Profile

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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.

Further Reading

Analyst Recommendations for Coterra Energy (NYSE:CTRA)

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