Coterra Energy (NYSE:CTRA) Stock Price Expected to Rise, UBS Group Analyst Says

Coterra Energy (NYSE:CTRA) had its target price lifted by UBS Group from $29.00 to $32.00 in a report issued on Monday, MarketBeat reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 23.88% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Morgan Stanley dropped their target price on Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 14th. Raymond James Financial lifted their price objective on shares of Coterra Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a report on Monday. The Goldman Sachs Group reduced their target price on shares of Coterra Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Zacks Research cut shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, October 13th. Finally, Wolfe Research dropped their price target on shares of Coterra Energy from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. Sixteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Coterra Energy has a consensus rating of “Moderate Buy” and an average price target of $32.70.

Coterra Energy Stock Down 1.4%

NYSE:CTRA opened at $25.83 on Monday. Coterra Energy has a 52 week low of $22.33 and a 52 week high of $29.95. The stock’s fifty day moving average is $24.36 and its two-hundred day moving average is $24.57. The stock has a market capitalization of $19.67 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 0.36 and a beta of 0.30. 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 (NYSE:CTRA) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. Research analysts anticipate that Coterra Energy will post 1.54 EPS for the current year.

Institutional Investors Weigh In On Coterra Energy

Several institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH boosted its holdings in Coterra Energy by 18.3% in the first quarter. Allianz Asset Management GmbH now owns 125,776 shares of the company’s stock valued at $3,635,000 after purchasing an additional 19,452 shares in the last quarter. AE Wealth Management LLC purchased a new stake in shares of Coterra Energy during the 1st quarter worth approximately $248,000. Avantax Advisory Services Inc. boosted its holdings in shares of Coterra Energy by 7.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 102,007 shares of the company’s stock valued at $2,948,000 after buying an additional 6,782 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Coterra Energy by 7.1% in the 1st quarter. Cetera Investment Advisers now owns 178,462 shares of the company’s stock valued at $5,158,000 after buying an additional 11,800 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in shares of Coterra Energy by 14.4% in the 1st quarter. HB Wealth Management LLC now owns 10,959 shares of the company’s stock valued at $317,000 after buying an additional 1,376 shares during the last quarter. Hedge funds and other institutional investors 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.