Analysts Set Coterra Energy Inc. (NYSE:CTRA) PT at $32.06

Coterra Energy Inc. (NYSE:CTRA) has received a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $32.06.

A number of research analysts recently commented on CTRA shares. Scotiabank dropped their target price on shares of Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Barclays cut their target price on Coterra Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Truist Financial decreased their target price on Coterra Energy from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, September 30th. BMO Capital Markets raised Coterra Energy to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Morgan Stanley decreased their price objective on Coterra Energy from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Monday, September 16th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Creekmur Asset Management LLC acquired a new position in Coterra Energy during the fourth quarter worth about $126,000. Vanguard Group Inc. increased its stake in Coterra Energy by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 87,927,114 shares of the company’s stock valued at $2,243,900,000 after purchasing an additional 407,244 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in Coterra Energy during the fourth quarter worth $329,000. Nomura Holdings Inc. purchased a new stake in Coterra Energy during the fourth quarter worth $616,000. Finally, Confluence Investment Management LLC acquired a new stake in Coterra Energy in the first quarter valued at $535,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Down 1.5 %

Shares of NYSE CTRA opened at $23.74 on Monday. The business has a 50-day moving average of $23.87 and a two-hundred day moving average of $26.04. The company has a market capitalization of $17.67 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.41 and a beta of 0.22. Coterra Energy has a 1 year low of $22.30 and a 1 year high of $29.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 1.38.

Coterra Energy (NYSE:CTRA) last posted its earnings results 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 business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $0.38 EPS. On average, analysts forecast that Coterra Energy will post 1.72 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Thursday, August 15th. Coterra Energy’s payout ratio is 48.55%.

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.