Coterra Energy Inc. (NYSE:CTRA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Coterra Energy Inc. (NYSE:CTRA) have been given an average rating of “Moderate Buy” by the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.47.

A number of equities research analysts recently issued reports on the company. Scotiabank dropped their target price on 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. JPMorgan Chase & Co. dropped their target price on Coterra Energy from $31.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Piper Sandler lifted their target price on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Wells Fargo & Company lifted their target price on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Roth Capital raised Coterra Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th.

Coterra Energy Trading Down 2.4 %

NYSE:CTRA opened at $26.08 on Tuesday. Coterra Energy has a fifty-two week low of $22.30 and a fifty-two week high of $28.90. 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 stock has a market capitalization of $19.21 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.74 and a beta of 0.22. The business’s 50-day simple moving average is $24.75 and its 200-day simple moving average is $25.35.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the firm earned $0.47 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts expect that Coterra Energy will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Thursday, November 14th. Coterra Energy’s payout ratio is presently 50.60%.

Insider Buying and Selling

In related 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 sale, the senior vice president now directly owns 72,409 shares in the company, valued at $1,937,664.84. The trade was a 18.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Institutional Trading of Coterra Energy

Several institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in Coterra Energy by 40.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,194,064 shares of the company’s stock valued at $29,147,000 after purchasing an additional 341,180 shares during the period. Synovus Financial Corp boosted its stake in Coterra Energy by 16.0% in the 3rd quarter. Synovus Financial Corp now owns 15,837 shares of the company’s stock valued at $379,000 after purchasing an additional 2,184 shares during the period. Tidal Investments LLC boosted its stake in Coterra Energy by 19.9% in the 3rd quarter. Tidal Investments LLC now owns 143,947 shares of the company’s stock valued at $3,448,000 after purchasing an additional 23,844 shares during the period. Blankinship & Foster LLC bought a new stake in Coterra Energy in the 3rd quarter valued at $1,420,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Coterra Energy in the 3rd quarter valued at $621,000. 87.92% of the stock is currently owned by institutional investors.

About Coterra Energy

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.