Barclays Increases Coterra Energy (NYSE:CTRA) Price Target to $38.00

Coterra Energy (NYSE:CTRA) had its price objective increased by research analysts at Barclays from $37.00 to $38.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 30.03% from the company’s current price.

A number of other brokerages have also recently issued reports on CTRA. Williams Trading set a $37.00 price objective on Coterra Energy in a report on Wednesday, March 5th. Johnson Rice raised Coterra Energy from a “hold” rating to an “accumulate” rating and lifted their price objective for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. Piper Sandler lifted their price target on Coterra Energy from $34.00 to $37.00 and gave the company 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. Finally, UBS Group lifted their price target on Coterra Energy from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, February 13th. 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. Based on data from MarketBeat.com, Coterra Energy has an average rating of “Moderate Buy” and an average price target of $34.14.

Coterra Energy Stock Up 1.6 %

Shares of NYSE CTRA opened at $29.23 on Tuesday. The stock has a market cap of $22.33 billion, a PE ratio of 17.61, a PEG ratio of 0.59 and a beta of 0.26. The business has a fifty day moving average of $27.88 and a two-hundred day moving average of $25.76. Coterra Energy has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61.

Insider Transactions at Coterra Energy

In related news, SVP Michael D. Deshazer sold 35,377 shares of the 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 sale, the senior vice president now directly owns 126,770 shares of the company’s stock, valued at approximately $3,374,617.40. This represents a 21.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Coterra Energy

A number of large investors have recently bought and sold shares of the business. City State Bank bought a new position in shares of Coterra Energy during the 4th quarter worth approximately $26,000. AdvisorNet Financial Inc grew its stake 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 acquiring an additional 744 shares in the last quarter. MCF Advisors LLC grew its stake in shares of Coterra Energy by 230.5% during the 4th quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after acquiring an additional 869 shares in the last quarter. R Squared Ltd bought a new position in shares of Coterra Energy during the 4th quarter worth approximately $32,000. Finally, Plato Investment Management Ltd bought a new position in shares of Coterra Energy during the 4th quarter worth approximately $43,000. 87.92% of the stock is owned by institutional investors.

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.