Mizuho Raises Coterra Energy (NYSE:CTRA) Price Target to $40.00

Coterra Energy (NYSE:CTRA) had its price objective boosted by research analysts at Mizuho from $37.00 to $40.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price would indicate a potential upside of 63.17% from the company’s current price.

CTRA has been the topic of several other reports. Citigroup boosted their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Stephens raised their target price on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Roth Mkm raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $25.00 to $29.00 in a report on Tuesday, August 27th. Truist Financial boosted their target price on shares of Coterra Energy from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, UBS Group increased their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.53.

Coterra Energy Stock Down 0.9 %

CTRA stock opened at $24.52 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The company has a 50-day moving average of $25.00 and a two-hundred day moving average of $25.19. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.64 and a beta of 0.27. Coterra Energy has a 52-week low of $22.30 and a 52-week high of $28.90.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings data 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). The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. As a group, equities research analysts anticipate that Coterra Energy will post 1.53 EPS for the current year.

Insider Buying and Selling

In other Coterra Energy news, SVP Adam M. Vela sold 16,435 shares of the business’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 sale, the senior vice president now directly owns 72,409 shares of the company’s stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kevin William Smith sold 29,643 shares of Coterra Energy stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the completion of the sale, the senior vice president now directly owns 77,075 shares in the company, valued at approximately $2,016,282. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Coterra Energy by 6.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 38,058 shares of the company’s stock valued at $1,015,000 after purchasing an additional 2,307 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Coterra Energy by 13.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 35,031 shares of the company’s stock worth $934,000 after acquiring an additional 4,103 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Coterra Energy by 4.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 13,969 shares of the company’s stock worth $373,000 after acquiring an additional 555 shares during the last quarter. Blue Trust Inc. raised its stake in Coterra Energy by 190.6% in the 2nd quarter. Blue Trust Inc. now owns 3,295 shares of the company’s stock valued at $92,000 after acquiring an additional 2,161 shares during the period. Finally, Raymond James & Associates lifted its holdings in Coterra Energy by 5.0% during the 2nd quarter. Raymond James & Associates now owns 1,187,663 shares of the company’s stock valued at $31,675,000 after purchasing an additional 56,748 shares during the last quarter. 87.92% of the stock is currently 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.