Coterra Energy (NYSE:CTRA) Stock Price Expected to Rise, Roth Mkm Analyst Says

Coterra Energy (NYSE:CTRA) had its target price upped by Roth Mkm from $27.00 to $30.00 in a research report issued on Friday,MarketScreener reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s price target would suggest a potential upside of 9.35% from the company’s previous close.

A number of other research analysts have also recently commented on CTRA. Zacks Research cut Coterra Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Stephens cut their price objective on Coterra Energy from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Tuesday, October 21st. William Blair initiated coverage on Coterra Energy in a report on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price objective on the stock. Siebert Williams Shank dropped their target price on Coterra Energy from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Raymond James Financial upped their target price on Coterra Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a research note on Monday, November 24th. Sixteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Coterra Energy has an average rating of “Moderate Buy” and an average price target of $32.71.

Coterra Energy Trading Up 0.6%

Shares of Coterra Energy stock opened at $27.44 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. Coterra Energy has a 1 year low of $22.33 and a 1 year high of $29.82. The firm has a market cap of $20.89 billion, a PE ratio of 12.64, a PEG ratio of 0.61 and a beta of 0.36. The company has a 50 day simple moving average of $26.10 and a two-hundred day simple moving average of $24.80.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Coterra Energy had a return on equity of 11.23% and a net margin of 23.25%.The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the company earned $0.32 EPS. Coterra Energy’s quarterly revenue was up 33.7% on a year-over-year basis. Analysts expect that Coterra Energy will post 1.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC purchased a new stake in Coterra Energy during the 2nd quarter valued at $26,000. REAP Financial Group LLC raised its stake in shares of Coterra Energy by 190.1% during the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after acquiring an additional 726 shares during the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Coterra Energy during the fourth quarter worth about $28,000. Winnow Wealth LLC bought a new stake in shares of Coterra Energy in the third quarter worth about $29,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Coterra Energy in the third quarter worth about $29,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

Coterra Energy Company Profile

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.