Coterra Energy (NYSE:CTRA) Given New $35.00 Price Target at Siebert Williams Shank

Coterra Energy (NYSE:CTRA) had its target price hoisted by equities researchers at Siebert Williams Shank from $32.00 to $35.00 in a report released on Monday,MarketScreener reports. The firm currently has a “buy” rating on the stock. Siebert Williams Shank’s target price would indicate a potential upside of 27.63% from the stock’s previous close.

A number of other equities analysts also recently issued reports on CTRA. Mizuho increased their price target on Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Morgan Stanley dropped their target price on Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Zacks Research lowered Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Stephens lowered their price target on shares of Coterra Energy from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, October 21st. Finally, Roth Mkm upped their price target on shares of Coterra Energy from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. Sixteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $32.76.

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $27.42 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. Coterra Energy has a 1-year low of $22.33 and a 1-year high of $29.82. The company has a market capitalization of $20.88 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.61 and a beta of 0.36. The firm’s 50 day simple moving average is $26.10 and its two-hundred day simple moving average is $24.80.

Coterra Energy (NYSE:CTRA) last released its earnings results on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. Research analysts expect that Coterra Energy will post 1.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Coterra Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CTRA. Farther Finance Advisors LLC lifted its holdings in shares of Coterra Energy by 44.4% in the 4th quarter. Farther Finance Advisors LLC now owns 15,385 shares of the company’s stock valued at $405,000 after buying an additional 4,729 shares during the period. Assetmark Inc. lifted its stake in shares of Coterra Energy by 13.4% in the 4th quarter. Assetmark Inc. now owns 10,105 shares of the company’s stock valued at $266,000 after purchasing an additional 1,194 shares during the period. Third View Private Wealth LLC purchased a new stake in Coterra Energy during the fourth quarter worth $344,000. Tectonic Advisors LLC lifted its holdings in Coterra Energy by 2.1% during the fourth quarter. Tectonic Advisors LLC now owns 20,955 shares of the company’s stock valued at $552,000 after purchasing an additional 439 shares in the last quarter. Finally, Paragon Capital Management Inc. purchased a new position in shares of Coterra Energy in the fourth quarter valued at approximately $1,089,000. 87.92% of the stock is owned by institutional investors and hedge funds.

Coterra Energy Company Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.