Analysts Set Coterra Energy Inc. (NYSE:CTRA) PT at $36.83

Coterra Energy Inc. (NYSE:CTRA) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are presently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $36.8261.

Several research firms have recently weighed in on CTRA. Susquehanna boosted their price objective on shares of Coterra Energy from $32.00 to $34.00 and gave the company a “positive” rating in a report on Tuesday, February 3rd. Raymond James Financial boosted their price objective on shares of Coterra Energy from $34.00 to $41.00 in a report on Monday, March 9th. UBS Group boosted their price objective on shares of Coterra Energy from $33.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Texas Capital cut shares of Coterra Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, Scotiabank raised shares of Coterra Energy to a “hold” rating in a report on Friday, March 27th.

Institutional Trading of Coterra Energy

A number of hedge funds have recently bought and sold shares of CTRA. Fideuram Asset Management Ireland dac purchased a new stake in Coterra Energy during the fourth quarter valued at $27,000. GoalVest Advisory LLC purchased a new stake in Coterra Energy during the fourth quarter valued at approximately $28,000. Winnow Wealth LLC purchased a new stake in Coterra Energy during the third quarter valued at approximately $29,000. Atlantic Union Bankshares Corp purchased a new stake in Coterra Energy during the third quarter valued at approximately $29,000. Finally, Triumph Capital Management purchased a new stake in Coterra Energy during the third quarter valued at approximately $31,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

CTRA stock opened at $30.89 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16. The business has a fifty day moving average price of $32.44 and a 200-day moving average price of $28.10. Coterra Energy has a 1-year low of $22.33 and a 1-year high of $36.88. The stock has a market capitalization of $23.46 billion, a P/E ratio of 13.55, a P/E/G ratio of 0.46 and a beta of 0.29.

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, March 11th. Coterra Energy’s dividend payout ratio is 38.60%.

About Coterra Energy

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.