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

Coterra Energy (NYSE:CTRA) had its price target upped by stock analysts at Barclays from $33.00 to $36.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 30.03% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. UBS Group increased their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Raymond James increased their target price on Coterra Energy from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Stephens lifted their price target on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Piper Sandler increased their price objective on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Susquehanna boosted their target price on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $33.41.

Coterra Energy Price Performance

Coterra Energy stock opened at $27.69 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The business has a 50 day simple moving average of $26.54 and a 200-day simple moving average of $25.16. Coterra Energy has a 12 month low of $22.30 and a 12 month high of $29.95. The stock has a market capitalization of $20.39 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.58 and a beta of 0.27.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. Equities analysts predict that Coterra Energy will post 1.54 earnings per share for the current year.

Insider Transactions at Coterra Energy

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total value of $439,800.60. Following the completion of the transaction, the senior vice president now directly owns 72,409 shares in the company, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following the sale, the senior vice president now owns 77,075 shares in the company, valued at $2,016,282. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC grew its stake in shares of Coterra Energy by 44.7% during the 4th quarter. Global Retirement Partners LLC now owns 11,406 shares of the company’s stock valued at $291,000 after buying an additional 3,525 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Coterra Energy by 486.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 57,721 shares of the company’s stock valued at $1,474,000 after acquiring an additional 47,875 shares during the last quarter. D.A. Davidson & CO. grew its position in Coterra Energy by 441.9% during the fourth quarter. D.A. Davidson & CO. now owns 139,630 shares of the company’s stock valued at $3,566,000 after acquiring an additional 113,863 shares during the period. Truist Financial Corp increased its stake in Coterra Energy by 668.0% during the fourth quarter. Truist Financial Corp now owns 1,616,660 shares of the company’s stock worth $41,289,000 after acquiring an additional 1,406,170 shares during the last quarter. Finally, Wealth Quarterback LLC raised its holdings in shares of Coterra Energy by 2.5% in the 4th quarter. Wealth Quarterback LLC now owns 32,481 shares of the company’s stock worth $830,000 after purchasing an additional 787 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Company Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.