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

Coterra Energy Inc. (NYSE:CTRA) has received an average recommendation of “Moderate Buy” from the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $32.53.

Several brokerages recently commented on CTRA. Barclays boosted their target price on Coterra Energy from $31.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Morgan Stanley upped their price objective on Coterra Energy from $27.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, November 14th. UBS Group raised their target price on Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Scotiabank dropped their price target 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. Finally, Susquehanna raised their price objective on shares of Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Thursday, November 14th.

Coterra Energy Price Performance

Shares of CTRA opened at $24.64 on Friday. Coterra Energy has a one year low of $22.30 and a one year high of $28.90. The stock’s fifty day moving average is $24.99 and its 200-day moving average is $25.03. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 1.64 and a beta of 0.26.

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

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Thursday, November 14th. Coterra Energy’s payout ratio is presently 50.60%.

Insiders Place Their Bets

In related news, SVP Kevin William Smith sold 29,643 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 77,075 shares of the company’s stock, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Adam M. Vela sold 16,435 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following 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 disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Coterra Energy

A number of large investors have recently bought and sold shares of the business. Larson Financial Group LLC boosted its position in Coterra Energy by 98.0% during the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock worth $29,000 after purchasing an additional 535 shares during the period. Values First Advisors Inc. acquired a new stake in shares of Coterra Energy in the third quarter worth $57,000. Tobam bought a new stake in shares of Coterra Energy during the 3rd quarter worth $63,000. Capital Performance Advisors LLP acquired a new position in Coterra Energy in the 3rd quarter valued at $67,000. Finally, nVerses Capital LLC raised its holdings in Coterra Energy by 460.0% in the 2nd quarter. nVerses Capital LLC now owns 2,800 shares of the company’s stock worth $75,000 after acquiring an additional 2,300 shares during the period. 87.92% of the stock is currently owned by institutional investors.

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.