Roth Mkm Boosts Coterra Energy (NYSE:CTRA) Price Target to $32.00

Coterra Energy (NYSE:CTRA) had its price target raised by equities researchers at Roth Mkm from $28.00 to $32.00 in a report issued on Wednesday,MarketScreener reports. The firm presently has a “neutral” rating on the stock. Roth Mkm’s price target would indicate a potential upside of 0.03% from the stock’s current price.

A number of other analysts have also weighed in on CTRA. Citigroup raised their target price on shares of Coterra Energy from $32.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, March 30th. Piper Sandler raised their target price on shares of Coterra Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Scotiabank upgraded shares of Coterra Energy to a “hold” rating in a research report on Friday, March 27th. Jefferies Financial Group raised their target price on shares of Coterra Energy from $28.00 to $33.00 and gave the company a “hold” rating in a research report on Monday. Finally, Mizuho raised their target price on shares of Coterra Energy from $36.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Sixteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $36.83.

Coterra Energy Stock Performance

Shares of Coterra Energy stock opened at $31.99 on Wednesday. Coterra Energy has a fifty-two week low of $22.33 and a fifty-two week high of $36.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16. The firm has a market capitalization of $24.29 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.51 and a beta of 0.29. The company’s 50 day moving average price is $32.43 and its two-hundred day moving average price is $27.99.

Hedge Funds Weigh In On Coterra Energy

Several large investors have recently modified their holdings of CTRA. QRG Capital Management Inc. raised its stake in Coterra Energy by 67.0% during the third quarter. QRG Capital Management Inc. now owns 143,188 shares of the company’s stock worth $3,386,000 after buying an additional 57,461 shares during the last quarter. Summit Global Investments bought a new position in Coterra Energy during the third quarter worth $1,086,000. Ashton Thomas Private Wealth LLC raised its stake in Coterra Energy by 60.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 273,650 shares of the company’s stock worth $6,472,000 after buying an additional 103,381 shares during the last quarter. Vanguard Group Inc. raised its stake in Coterra Energy by 4.0% during the third quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company’s stock worth $2,341,151,000 after buying an additional 3,781,606 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Coterra Energy by 36.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 830,392 shares of the company’s stock worth $19,639,000 after buying an additional 220,688 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

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.