Recent Analysts’ Ratings Updates for Coterra Energy (CTRA)

A number of research firms have changed their ratings and price targets for Coterra Energy (NYSE: CTRA):

• 11/15/2024 – Coterra Energy had its price target raised by analysts at Wells Fargo & Company from $32.00 to $35.00. They now have an “overweight” rating on the stock.
• 11/15/2024 – Coterra Energy had its price target raised by analysts at UBS Group AG from $31.00 to $35.00. They now have a “buy” rating on the stock.
• 11/14/2024 – Coterra Energy had its price target raised by analysts at Susquehanna from $30.00 to $33.00. They now have a “positive” rating on the stock.
• 11/14/2024 – Coterra Energy had its price target raised by analysts at Barclays PLC from $31.00 to $33.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – Coterra Energy had its price target raised by analysts at Piper Sandler from $32.00 to $35.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – Coterra Energy had its price target raised by analysts at Morgan Stanley from $27.00 to $29.00. They now have an “equal weight” rating on the stock.
• 11/14/2024 – Coterra Energy had its price target raised by analysts at Truist Financial Co. from $31.00 to $33.00. They now have a “buy” rating on the stock.
• 11/4/2024 – Coterra Energy had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $32.00 price target on the stock, up previously from $31.00.
• 11/1/2024 – Coterra Energy had its price target raised by analysts at Stephens from $28.00 to $29.00. They now have an “overweight” rating on the stock.
• 11/1/2024 – Coterra Energy had its price target raised by analysts at Mizuho from $36.00 to $37.00. They now have an “outperform” rating on the stock.
• 10/10/2024 – Coterra Energy had its price target lowered by analysts at Scotiabank from $35.00 to $32.00. They now have a “sector outperform” rating on the stock.
• 10/3/2024 – Coterra Energy had its price target lowered by analysts at Barclays PLC from $33.00 to $31.00. They now have an “overweight” rating on the stock.
• 10/1/2024 – Coterra Energy had its price target lowered by analysts at Wells Fargo & Company from $34.00 to $32.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – Coterra Energy had its price target lowered by analysts at Truist Financial Co. from $34.00 to $31.00. They now have a “buy” rating on the stock.

Coterra Energy Stock Performance

NYSE:CTRA opened at $27.63 on Monday. The company has a market capitalization of $20.35 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.78 and a beta of 0.22. Coterra Energy Inc. has a twelve month low of $22.30 and a twelve month high of $28.90. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $24.36 and a two-hundred day moving average price of $25.43.

Coterra Energy (NYSE:CTRA) last released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Coterra Energy’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts expect that Coterra Energy Inc. will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.84 annualized dividend and a yield of 3.04%. Coterra Energy’s payout ratio is 50.60%.

Insider Buying and Selling at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the transaction, the senior vice president now owns 72,409 shares in the company, valued at approximately $1,937,664.84. This represents a 18.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Coterra Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CTRA. M&T Bank Corp lifted its position in shares of Coterra Energy by 2.1% in the third quarter. M&T Bank Corp now owns 311,092 shares of the company’s stock worth $7,451,000 after purchasing an additional 6,321 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of Coterra Energy by 8.9% in the third quarter. Coldstream Capital Management Inc. now owns 96,415 shares of the company’s stock valued at $2,311,000 after purchasing an additional 7,884 shares during the period. Geode Capital Management LLC raised its position in shares of Coterra Energy by 0.7% in the third quarter. Geode Capital Management LLC now owns 19,000,702 shares of the company’s stock valued at $453,628,000 after purchasing an additional 128,397 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in shares of Coterra Energy by 5.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,348,026 shares of the company’s stock worth $128,085,000 after acquiring an additional 284,106 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Coterra Energy by 3.1% in the third quarter. Barclays PLC now owns 2,147,263 shares of the company’s stock worth $51,425,000 after acquiring an additional 64,753 shares during the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

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.