Coterra Energy (NYSE:CTRA) Price Target Cut to $32.00 by Analysts at TD Cowen

Coterra Energy (NYSE:CTRA) had its price objective cut by TD Cowen from $33.00 to $32.00 in a research note issued to investors on Tuesday morning,MarketScreener reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Raymond James Financial boosted their price target on shares of Coterra Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coterra Energy in a research note on Monday, December 29th. Barclays cut their price target on shares of Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, January 21st. Johnson Rice reduced their price target on shares of Coterra Energy from $38.00 to $37.00 in a research report on Friday, December 5th. Finally, Stephens increased their price objective on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Fifteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Coterra Energy Stock Performance

Shares of Coterra Energy stock opened at $30.52 on Tuesday. The business’s 50 day moving average price is $26.80 and its 200 day moving average price is $25.21. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.73 and a beta of 0.38. 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 one year low of $22.33 and a one year high of $30.94.

Hedge Funds Weigh In On Coterra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of CTRA. Fideuram Asset Management Ireland dac acquired a new stake in shares of Coterra Energy during the fourth quarter worth about $27,000. Bogart Wealth LLC purchased a new stake in Coterra Energy during the 2nd quarter worth approximately $26,000. GoalVest Advisory LLC acquired a new stake in Coterra Energy during the 4th quarter worth approximately $28,000. Winnow Wealth LLC purchased a new position in Coterra Energy in the 3rd quarter valued at approximately $29,000. Finally, City Holding Co. increased its position in shares of Coterra Energy by 144.4% during the fourth quarter. City Holding Co. now owns 1,222 shares of the company’s stock worth $32,000 after acquiring an additional 722 shares during the period. 87.92% of the stock is currently 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.