Siebert Williams Shank Issues Pessimistic Forecast for Coterra Energy (NYSE:CTRA) Stock Price

Coterra Energy (NYSE:CTRA) had its price objective lowered by analysts at Siebert Williams Shank from $35.00 to $32.00 in a research report issued on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Siebert Williams Shank’s target price would suggest a potential upside of 37.78% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Barclays decreased their price objective on shares of Coterra Energy from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. JPMorgan Chase & Co. boosted their price objective on shares of Coterra Energy from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Wells Fargo & Company boosted their price objective on shares of Coterra Energy from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 14th. Mizuho decreased their price objective on shares of Coterra Energy from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $31.00 price objective on shares of Coterra Energy in a report on Tuesday, July 1st. Fifteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.95.

Coterra Energy Stock Up 0.2%

Shares of NYSE:CTRA opened at $23.23 on Monday. The company has a market cap of $17.72 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.33 and a beta of 0.29. The firm’s 50-day simple moving average is $23.87 and its 200-day simple moving average is $24.70. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. Coterra Energy has a fifty-two week low of $22.46 and a fifty-two week high of $29.95.

Coterra Energy (NYSE:CTRA) last issued its earnings results on Monday, August 4th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The firm’s revenue was up 54.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. As a group, equities research analysts predict that Coterra Energy will post 1.54 earnings per share for the current year.

Institutional Investors Weigh In On Coterra Energy

Institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC grew its holdings in Coterra Energy by 175.6% in the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company’s stock valued at $25,000 after purchasing an additional 555 shares during the period. Raleigh Capital Management Inc. grew its holdings in Coterra Energy by 463.5% in the first quarter. Raleigh Capital Management Inc. now owns 896 shares of the company’s stock valued at $26,000 after purchasing an additional 737 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Coterra Energy in the first quarter valued at approximately $29,000. Bogart Wealth LLC purchased a new stake in Coterra Energy in the second quarter valued at approximately $26,000. Finally, REAP Financial Group LLC grew its holdings in Coterra Energy by 190.1% in the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after purchasing an additional 726 shares during the period. 87.92% of the stock is currently owned by hedge funds and other 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.