Jefferies Financial Group Issues Positive Forecast for Coterra Energy (NYSE:CTRA) Stock Price

Coterra Energy (NYSE:CTRA) had its target price upped by Jefferies Financial Group from $26.00 to $28.00 in a report published on Monday morning,MarketScreener reports.

CTRA has been the subject of several other research reports. Siebert Williams Shank downgraded Coterra Energy from a “buy” rating to a “hold” rating in a report on Friday. William Blair assumed coverage on shares of Coterra Energy in a report on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price objective on the stock. Raymond James Financial upped their target price on shares of Coterra Energy from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Roth Mkm set a $28.00 price target on shares of Coterra Energy and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Zacks Research cut shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a report on Monday, January 19th. Fifteen 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.00.

Coterra Energy Stock Performance

NYSE CTRA opened at $31.16 on Monday. The company has a market cap of $23.66 billion, a P/E ratio of 13.67, a PEG ratio of 0.77 and a beta of 0.37. The company has a fifty day simple moving average of $28.61 and a 200 day simple moving average of $26.16. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. Coterra Energy has a 12-month low of $22.33 and a 12-month high of $32.67.

Coterra Energy Announces Dividend

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

Institutional Investors Weigh In On Coterra Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new position in shares of Coterra Energy in the fourth quarter valued at approximately $27,000. GoalVest Advisory LLC bought a new stake in Coterra Energy during the 4th quarter worth approximately $28,000. Winnow Wealth LLC purchased a new stake in Coterra Energy in the 3rd quarter worth approximately $29,000. Atlantic Union Bankshares Corp purchased a new stake in Coterra Energy in the 3rd quarter worth approximately $29,000. Finally, Triumph Capital Management bought a new position in Coterra Energy in the 3rd quarter valued at $31,000. 87.92% of the stock is 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.