Coterra Energy (NYSE:CTRA) Given New $34.00 Price Target at Susquehanna

Coterra Energy (NYSE:CTRAFree Report) had its price target raised by Susquehanna from $32.00 to $34.00 in a research report sent to investors on Tuesday, MarketBeat reports. Susquehanna currently has a positive rating on the stock.

Several other equities analysts have also recently weighed in on the stock. 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. Piper Sandler lowered their price objective on Coterra Energy from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. Johnson Rice dropped their target price on Coterra Energy from $38.00 to $37.00 in a report on Friday, December 5th. William Blair started coverage on Coterra Energy in a report on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price target for the company. Finally, Wolfe Research increased their price target on Coterra Energy from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Coterra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $33.40.

Check Out Our Latest Stock Report on CTRA

Coterra Energy Stock Performance

Shares of CTRA stock opened at $28.97 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $26.41 and a two-hundred day simple moving average of $24.96. Coterra Energy has a 12 month low of $22.33 and a 12 month high of $29.82. The firm has a market capitalization of $22.05 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.

Coterra Energy (NYSE:CTRAGet Free Report) last released 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 business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. Analysts forecast that Coterra Energy will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CTRA. Bogart Wealth LLC purchased a new stake in shares of Coterra Energy during the 2nd quarter valued at $26,000. REAP Financial Group LLC boosted its holdings in shares of Coterra Energy by 190.1% in the 2nd quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock worth $28,000 after buying an additional 726 shares during the last quarter. GoalVest Advisory LLC bought a new position in Coterra Energy during the fourth quarter valued at about $28,000. Winnow Wealth LLC bought a new position in Coterra Energy during the third quarter valued at about $29,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in Coterra Energy during the third quarter worth about $29,000. Institutional investors own 87.92% of the company’s stock.

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About Coterra Energy

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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.

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Analyst Recommendations for Coterra Energy (NYSE:CTRA)

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