Jefferies Financial Group Raises Coterra Energy (NYSE:CTRA) Price Target to $33.00

Coterra Energy (NYSE:CTRA) had its price objective lifted by stock analysts at Jefferies Financial Group from $28.00 to $33.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 4.20% from the company’s previous close.

Several other equities analysts also recently weighed in on CTRA. UBS Group raised their price target on Coterra Energy from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Raymond James Financial lifted their price objective on Coterra Energy from $34.00 to $41.00 in a research report on Monday, March 9th. Wolfe Research lifted their price objective on Coterra Energy from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Scotiabank raised Coterra Energy to a “hold” rating in a research report on Friday, March 27th. Finally, Capital One Financial lifted their price objective on Coterra Energy from $37.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, March 25th. Sixteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.65.

Coterra Energy Stock Performance

Coterra Energy stock opened at $31.67 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19. The stock has a fifty day moving average of $32.38 and a two-hundred day moving average of $27.94. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 0.53 and a beta of 0.29. Coterra Energy has a fifty-two week low of $22.33 and a fifty-two week high of $36.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Coterra Energy by 4.0% in the third quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company’s stock valued at $2,341,151,000 after acquiring an additional 3,781,606 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Coterra Energy by 2.7% in the fourth quarter. Wellington Management Group LLP now owns 76,696,789 shares of the company’s stock valued at $2,018,659,000 after acquiring an additional 2,051,217 shares during the last quarter. Davis Selected Advisers boosted its holdings in Coterra Energy by 63.6% in the fourth quarter. Davis Selected Advisers now owns 32,537,508 shares of the company’s stock valued at $856,387,000 after acquiring an additional 12,654,027 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Coterra Energy by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,716,896 shares of the company’s stock valued at $729,509,000 after acquiring an additional 561,010 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Coterra Energy by 1.9% in the fourth quarter. Victory Capital Management Inc. now owns 21,986,795 shares of the company’s stock valued at $578,692,000 after acquiring an additional 404,986 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

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.