Coterra Energy Inc. (NYSE:CTRA) Receives Average Rating of “Moderate Buy” from Brokerages

Coterra Energy Inc. (NYSE:CTRA) has been given an average rating of “Moderate Buy” by the twenty-three ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $33.4762.

Several research firms have commented on CTRA. Stephens upped their target price on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Siebert Williams Shank increased their price objective on Coterra Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Coterra Energy in a research report on Monday, December 29th. Zacks Research lowered Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, TD Cowen decreased their price target on Coterra Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Panagora Asset Management Inc. boosted its stake in Coterra Energy by 2.6% during the 4th quarter. Panagora Asset Management Inc. now owns 13,747 shares of the company’s stock valued at $362,000 after purchasing an additional 347 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in Coterra Energy by 1.4% during the fourth quarter. Johnson Financial Group Inc. now owns 25,158 shares of the company’s stock valued at $662,000 after buying an additional 349 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in Coterra Energy by 13.0% during the fourth quarter. Bruce G. Allen Investments LLC now owns 3,219 shares of the company’s stock valued at $85,000 after buying an additional 371 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Coterra Energy by 0.7% during the third quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock worth $1,438,000 after acquiring an additional 398 shares during the period. Finally, KLCM Advisors Inc. raised its position in Coterra Energy by 4.2% in the third quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock worth $233,000 after acquiring an additional 400 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Price Performance

Shares of NYSE CTRA opened at $29.93 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market capitalization of $22.79 billion, a PE ratio of 13.79, a P/E/G ratio of 0.76 and a beta of 0.38. Coterra Energy has a 1-year low of $22.33 and a 1-year high of $32.67. The business’s fifty day moving average price is $27.78 and its two-hundred day moving average price is $25.74.

About Coterra Energy

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.