Recent Investment Analysts’ Ratings Updates for Coterra Energy (CTRA)

A number of research firms have changed their ratings and price targets for Coterra Energy (NYSE: CTRA):

• 9/18/2024 – Coterra Energy had its price target lowered by analysts at UBS Group AG from $34.00 to $31.00. They now have a “buy” rating on the stock.
• 9/16/2024 – Coterra Energy had its price target lowered by analysts at Morgan Stanley from $29.00 to $27.00. They now have an “equal weight” rating on the stock.
• 9/12/2024 – Coterra Energy had its price target lowered by analysts at JPMorgan Chase & Co. from $31.00 to $26.00. They now have an “overweight” rating on the stock.
• 9/4/2024 – Coterra Energy had its price target lowered by analysts at Susquehanna from $33.00 to $30.00. They now have a “positive” rating on the stock.
• 8/27/2024 – Coterra Energy was upgraded by analysts at Roth Capital from a “hold” rating to a “strong-buy” rating.
• 8/27/2024 – Coterra Energy was upgraded by analysts at Roth Mkm from a “neutral” rating to a “buy” rating. They now have a $29.00 price target on the stock, up previously from $25.00.
• 8/15/2024 – Coterra Energy had its price target lowered by analysts at Piper Sandler from $39.00 to $31.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – Coterra Energy had its price target lowered by analysts at UBS Group AG from $36.00 to $34.00. They now have a “buy” rating on the stock.

Coterra Energy Stock Performance

NYSE:CTRA opened at $23.99 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $24.36 and its 200 day simple moving average is $26.38. The firm has a market capitalization of $17.85 billion, a PE ratio of 13.86, a PEG ratio of 1.16 and a beta of 0.22. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $29.89.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.32 billion. Coterra Energy had a return on equity of 10.48% and a net margin of 23.18%. Coterra Energy’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. On average, sell-side analysts anticipate that Coterra Energy Inc. will post 1.95 EPS for the current year.

Coterra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date was Thursday, August 15th. Coterra Energy’s dividend payout ratio is presently 48.55%.

Institutional Investors Weigh In On Coterra Energy

A number of institutional investors and hedge funds have recently made changes to their positions in CTRA. Sanctuary Advisors LLC acquired a new stake in Coterra Energy during the 2nd quarter worth $3,420,000. New Wave Wealth Advisors LLC bought a new stake in shares of Coterra Energy in the second quarter worth about $245,000. Cetera Investment Advisers raised its position in shares of Coterra Energy by 2.2% during the second quarter. Cetera Investment Advisers now owns 213,650 shares of the company’s stock worth $5,698,000 after purchasing an additional 4,555 shares during the period. Graham Capital Wealth Management LLC lifted its holdings in shares of Coterra Energy by 1.3% during the 2nd quarter. Graham Capital Wealth Management LLC now owns 78,017 shares of the company’s stock valued at $2,081,000 after purchasing an additional 977 shares in the last quarter. Finally, Core Alternative Capital raised its holdings in shares of Coterra Energy by 13.9% during the second quarter. Core Alternative Capital now owns 82,480 shares of the company’s stock worth $2,200,000 after acquiring an additional 10,081 shares during the period. Institutional investors own 87.92% of the company’s stock.

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.