Coterra Energy Inc. (NYSE:CTRA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Coterra Energy Inc. (NYSE:CTRA) have received an average recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $34.29.

CTRA has been the topic of several analyst reports. Mizuho lifted their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 16th. Williams Trading set a $37.00 price objective on Coterra Energy in a research note on Wednesday, March 5th. Susquehanna upped their target price on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Raymond James decreased their price target on shares of Coterra Energy from $41.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, UBS Group upped their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 13th.

Insider Buying and Selling

In other news, SVP Michael D. Deshazer sold 35,377 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the transaction, the senior vice president now directly owns 126,770 shares in the company, valued at approximately $3,374,617.40. The trade was a 21.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Coterra Energy

Several hedge funds have recently added to or reduced their stakes in CTRA. City State Bank acquired a new stake in Coterra Energy in the fourth quarter worth about $26,000. AdvisorNet Financial Inc raised its position in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock worth $29,000 after buying an additional 744 shares in the last quarter. MCF Advisors LLC boosted its holdings in shares of Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock valued at $32,000 after acquiring an additional 869 shares in the last quarter. R Squared Ltd bought a new position in shares of Coterra Energy in the fourth quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Coterra Energy during the fourth quarter valued at approximately $43,000. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 1.3 %

Shares of NYSE:CTRA opened at $27.24 on Thursday. The company has a 50 day moving average of $27.71 and a two-hundred day moving average of $25.63. Coterra Energy has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $20.81 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26.

Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.22 per share. This is an increase from Coterra Energy’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 13th. This represents a $0.88 annualized dividend and a dividend yield of 3.23%. Coterra Energy’s payout ratio is 58.28%.

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.