Coterra Energy (NYSE:CTRA) Price Target Raised to $41.00 at Raymond James Financial

Coterra Energy (NYSE:CTRA) had its target price boosted by Raymond James Financial from $34.00 to $41.00 in a report published on Monday morning,MarketScreener reports.

Several other analysts have also recently weighed in on the company. Scotiabank reissued a “sector perform” rating and set a $31.00 price target on shares of Coterra Energy in a report on Tuesday, February 3rd. TD Cowen decreased their price objective on Coterra Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Jefferies Financial Group increased their price objective on Coterra Energy from $26.00 to $28.00 in a research report on Monday. Johnson Rice reduced their target price on shares of Coterra Energy from $38.00 to $37.00 in a research report on Friday, December 5th. Finally, Wolfe Research upped their price target on shares of Coterra Energy from $33.00 to $40.00 in a research note on Tuesday, February 3rd. Fifteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Coterra Energy Price Performance

NYSE:CTRA opened at $31.16 on Monday. Coterra Energy has a 12-month low of $22.33 and a 12-month high of $32.67. The firm has a market capitalization of $23.66 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.77 and a beta of 0.37. The stock’s 50 day moving average price is $28.61 and its two-hundred day moving average price is $26.16. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 0.24.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $0.88 annualized dividend and a yield of 2.8%. Coterra Energy’s payout ratio is currently 38.60%.

Institutional Trading of Coterra Energy

A number of institutional investors have recently modified their holdings of the stock. Fideuram Asset Management Ireland dac acquired a new position in Coterra Energy in the fourth quarter valued at about $27,000. GoalVest Advisory LLC bought a new position in Coterra Energy in the 4th quarter valued at about $28,000. Winnow Wealth LLC bought a new position in Coterra Energy in the 3rd quarter valued at about $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of Coterra Energy in the 3rd quarter valued at approximately $29,000. Finally, Triumph Capital Management acquired a new position in shares of Coterra Energy in the 3rd quarter valued at approximately $31,000. 87.92% of the stock is currently owned by 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.