Coterra Energy Inc. (NYSE:CTRA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Coterra Energy Inc. (NYSE:CTRA) have received a consensus recommendation of “Moderate Buy” from the twenty-three ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $32.8095.

CTRA has been the subject of a number of analyst reports. Zacks Research cut Coterra Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Susquehanna increased their target price on shares of Coterra Energy from $31.00 to $32.00 and gave the company a “positive” rating in a report on Monday, January 26th. BMO Capital Markets dropped their price target on shares of Coterra Energy from $33.00 to $32.00 and set a “market perform” rating on the stock in a research report on Monday, December 15th. Raymond James Financial boosted their price target on shares of Coterra Energy from $28.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, November 24th. Finally, Roth Mkm increased their price objective on shares of Coterra Energy from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 23rd.

Coterra Energy Price Performance

CTRA stock opened at $28.84 on Friday. The company has a market capitalization of $21.96 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.66 and a beta of 0.36. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02. Coterra Energy has a 52-week low of $22.33 and a 52-week high of $29.82. The business has a 50-day simple moving average of $26.31 and a two-hundred day simple moving average of $24.90.

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

Coterra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, November 13th. Coterra Energy’s dividend payout ratio (DPR) is presently 40.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC purchased a new stake in shares of Coterra Energy during the 2nd quarter valued at $26,000. REAP Financial Group LLC grew its position in 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 buying an additional 726 shares during the period. GoalVest Advisory LLC bought a new position in Coterra Energy during the fourth quarter valued at about $28,000. Winnow Wealth LLC purchased a new stake in Coterra Energy during the third quarter worth about $29,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Coterra Energy in the third quarter worth about $29,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

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.