Coterra Energy (NYSE:CTRA) Price Target Lowered to $32.00 at UBS Group

Coterra Energy (NYSE:CTRA) had its price objective cut by investment analysts at UBS Group from $33.00 to $32.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would indicate a potential upside of 23.84% from the stock’s current price.

Other analysts have also issued reports about the stock. Raymond James cut their target price 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, March 12th. Piper Sandler boosted their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on Coterra Energy from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Truist Financial upped their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Finally, Johnson Rice raised shares of Coterra Energy from a “hold” rating to an “accumulate” rating and lifted their price objective for the stock from $34.00 to $37.00 in a research note on Wednesday, March 12th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.05.

Coterra Energy Stock Up 0.8 %

CTRA opened at $25.84 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy has a twelve month low of $22.30 and a twelve month high of $29.95. The stock has a market capitalization of $19.74 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.59 and a beta of 0.47. The firm has a 50 day moving average price of $27.14 and a 200-day moving average price of $26.31.

Insider Transactions at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the transaction, the senior vice president now directly owns 106,114 shares of the company’s stock, valued at $3,086,856.26. This represents a 19.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were 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 of the company’s stock, valued at $3,374,617.40. The trade was a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Coterra Energy

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its position in Coterra Energy by 3.1% in the 3rd quarter. Barclays PLC now owns 2,147,263 shares of the company’s stock worth $51,425,000 after purchasing an additional 64,753 shares in the last quarter. M&T Bank Corp boosted its holdings in Coterra Energy by 2.1% in the 3rd quarter. M&T Bank Corp now owns 311,092 shares of the company’s stock valued at $7,451,000 after purchasing an additional 6,321 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in Coterra Energy by 37.5% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 122,725 shares of the company’s stock valued at $2,939,000 after buying an additional 33,452 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Coterra Energy in the third quarter valued at $1,749,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Coterra Energy during the 3rd quarter worth approximately $621,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

About Coterra Energy

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.