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

Coterra Energy Inc. (NYSE:CTRA) has received an average rating of “Moderate Buy” from the nineteen research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $31.29.

A number of analysts have recently commented on CTRA shares. Susquehanna dropped their price target on Coterra Energy from $33.00 to $30.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Wells Fargo & Company cut their target price on Coterra Energy from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $32.00 price target (up previously from $31.00) on shares of Coterra Energy in a research report on Monday, November 4th. Scotiabank cut their price objective 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, Roth Mkm upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $25.00 to $29.00 in a research note on Tuesday, August 27th.

Institutional Trading of Coterra Energy

Several hedge funds have recently modified their holdings of CTRA. Fortitude Family Office LLC increased its stake in Coterra Energy by 154.9% during the 2nd quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock valued at $25,000 after purchasing an additional 567 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Coterra Energy by 98.0% during the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock valued at $29,000 after buying an additional 535 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Coterra Energy during the first quarter valued at $44,000. EverSource Wealth Advisors LLC increased its position in shares of Coterra Energy by 31.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock valued at $64,000 after acquiring an additional 557 shares during the period. Finally, Values First Advisors Inc. purchased a new position in Coterra Energy in the 3rd quarter worth $57,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Price Performance

Shares of Coterra Energy stock opened at $25.22 on Friday. The company has a market cap of $18.58 billion, a PE ratio of 15.19, a P/E/G ratio of 1.59 and a beta of 0.22. The business has a 50 day moving average of $23.82 and a 200 day moving average of $25.49. Coterra Energy has a 52 week low of $22.30 and a 52 week high of $28.90. The company has a quick ratio of 1.38, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last posted 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). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the prior year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts forecast that Coterra Energy will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be given a $0.21 dividend. The ex-dividend date is Thursday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.33%. Coterra Energy’s payout ratio is presently 50.60%.

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.