Susquehanna Increases Coterra Energy (NYSE:CTRA) Price Target to $33.00

Coterra Energy (NYSE:CTRA) had its price target lifted by equities researchers at Susquehanna from $32.00 to $33.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price would indicate a potential upside of 17.56% from the company’s current price.

A number of other equities research analysts also recently weighed in on CTRA. Raymond James boosted their price target on Coterra Energy from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Mizuho upped their price objective on Coterra Energy from $34.00 to $37.00 and gave the company a “buy” rating in a report on Friday, May 3rd. UBS Group raised their price objective on Coterra Energy from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Stephens reaffirmed an “overweight” rating and issued a $39.00 target price on shares of Coterra Energy in a research report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Coterra Energy from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.73.

Coterra Energy Price Performance

CTRA opened at $28.07 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 0.89. The stock has a market capitalization of $21.10 billion, a PE ratio of 16.23 and a beta of 0.22. The company’s 50 day simple moving average is $27.44 and its 200 day simple moving average is $26.36. Coterra Energy has a 1 year low of $22.91 and a 1 year high of $29.89.

Coterra Energy (NYSE:CTRA) last posted its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.06). The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. As a group, sell-side analysts expect that Coterra Energy will post 1.82 EPS for the current year.

Insider Activity

In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the completion of the sale, the chief accounting officer now owns 176,758 shares in the company, valued at approximately $4,783,071.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of Coterra Energy stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the transaction, the chief accounting officer now directly owns 176,758 shares in the company, valued at $4,783,071.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michael D. Deshazer sold 14,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $26.06, for a total transaction of $364,840.00. Following the sale, the vice president now owns 93,988 shares in the company, valued at $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Institutional Trading of Coterra Energy

A number of large investors have recently added to or reduced their stakes in CTRA. Vanguard Group Inc. grew its holdings in Coterra Energy by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 87,927,114 shares of the company’s stock valued at $2,243,900,000 after buying an additional 407,244 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Coterra Energy by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,080,590 shares of the company’s stock worth $434,980,000 after acquiring an additional 235,636 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Coterra Energy by 3.5% in the third quarter. Victory Capital Management Inc. now owns 15,945,601 shares of the company’s stock valued at $431,329,000 after buying an additional 544,768 shares during the period. Invesco Ltd. grew its position in shares of Coterra Energy by 1.5% during the 3rd quarter. Invesco Ltd. now owns 10,723,660 shares of the company’s stock worth $290,075,000 after buying an additional 161,776 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Coterra Energy by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,465,383 shares of the company’s stock valued at $267,089,000 after buying an additional 848,519 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

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.