Coterra Energy (NYSE:CTRA) Rating Lowered to Hold at Roth Mkm

Coterra Energy (NYSE:CTRAGet Free Report) was downgraded by analysts at Roth Mkm from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports.

A number of other research firms have also recently commented on CTRA. Scotiabank reiterated a “sector perform” rating and issued a $31.00 price target on shares of Coterra Energy in a report on Tuesday. UBS Group lifted their price target on shares of Coterra Energy from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Raymond James Financial upped their price objective 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. Siebert Williams Shank lifted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Finally, Susquehanna boosted their target price on shares of Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a research report on Tuesday. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.40.

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Coterra Energy Trading Up 5.5%

CTRA opened at $30.54 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. Coterra Energy has a twelve month low of $22.33 and a twelve month high of $30.64. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.70 and a beta of 0.38. The company has a 50-day simple moving average of $26.49 and a 200 day simple moving average of $25.00.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC purchased a new position in Coterra Energy in the 2nd quarter worth approximately $26,000. REAP Financial Group LLC increased 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 purchasing an additional 726 shares in the last quarter. GoalVest Advisory LLC purchased a new position in shares of Coterra Energy in the fourth quarter worth $28,000. Winnow Wealth LLC bought a new position in shares of Coterra Energy during the third quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Coterra Energy during the third quarter valued at $29,000. Institutional investors own 87.92% of the company’s stock.

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Coterra Energy Company Profile

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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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