Coterra Energy (NYSE:CTRA) Reaches New 52-Week High on Analyst Upgrade

Coterra Energy Inc. (NYSE:CTRA) shares reached a new 52-week high during mid-day trading on Wednesday after Wolfe Research raised their price target on the stock from $33.00 to $40.00. The company traded as high as $29.86 and last traded at $29.8230, with a volume of 802250 shares. The stock had previously closed at $28.94.

CTRA has been the subject of several other reports. UBS Group raised their price target on Coterra Energy from $32.00 to $33.00 and gave the company a “buy” rating in a report on Friday, December 12th. Susquehanna increased their price objective on shares of Coterra Energy from $32.00 to $34.00 and gave the company a “positive” rating in a research report on Tuesday. Siebert Williams Shank raised their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Zacks Research downgraded shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Finally, Morgan Stanley cut their price target on shares of Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Fourteen 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, Coterra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.40.

Trending Headlines about Coterra Energy

Here are the key news stories impacting Coterra Energy this week:

• Positive Sentiment: Merger creates a much larger, Delaware‑focused producer with scale and synergies that could lift long‑term cash flow and valuation — a key bullish driver behind today’s buying. Coterra Energy and Devon Energy Seal $58 Billion Merger Deal
• Positive Sentiment: Analyst bullishness: Wolfe Research boosted its price target substantially (to $40), signaling large upside on the merger thesis and supporting momentum in the stock. Wolfe Research adjusts price target on Coterra Energy to $40 from $33
• Positive Sentiment: Additional support from Susquehanna raising its target to $34 and maintaining a positive view — adds buy‑side validation of the strategic rationale. Susquehanna adjusts price target on Coterra Energy to $34 from $32
• Neutral Sentiment: Deal mechanics: the agreement is an all‑stock merger where Coterra holders receive 0.70 Devon shares per CTRA share (Devon to be the surviving company); outcome depends on shareholder votes and integration execution. Coterra Energy And Devon To Merge, With Devon Being The Surviving Corporation
• Negative Sentiment: Legal and governance scrutiny: two law firms (Kahn Swick & Foti and Wohl & Fruchter) have opened investigations into the fairness of the proposed sale and the adequacy of the exchange ratio, which could delay the deal, increase transaction costs or pressure the offer. Coterra Energy Investor Alert: Kahn Swick & Foti Investigates
• Negative Sentiment: Analyst caution/downgrades and governance questions: Scotiabank kept a cautious stance (sector perform / $31 PT) and there’s press scrutiny about valuation and governance of the exchange ratio; some desks have trimmed ratings, which offsets upside from price‑target raises. Scotiabank downgrades Coterra Energy (CTRA)

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its stake in Coterra Energy by 2.7% during the 2nd quarter. QRG Capital Management Inc. now owns 85,727 shares of the company’s stock valued at $2,176,000 after buying an additional 2,227 shares during the last quarter. Simplicity Wealth LLC boosted its stake in shares of Coterra Energy by 15.7% in the 2nd quarter. Simplicity Wealth LLC now owns 8,927 shares of the company’s stock worth $227,000 after buying an additional 1,213 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in shares of Coterra Energy by 4.6% in the second quarter. Belpointe Asset Management LLC now owns 17,515 shares of the company’s stock worth $445,000 after acquiring an additional 777 shares during the period. KLP Kapitalforvaltning AS increased its position in Coterra Energy by 0.8% during the second quarter. KLP Kapitalforvaltning AS now owns 605,600 shares of the company’s stock valued at $15,370,000 after acquiring an additional 4,900 shares during the last quarter. Finally, REAP Financial Group LLC lifted its holdings in Coterra Energy by 190.1% in the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after acquiring an additional 726 shares during the period. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Price Performance

The firm has a market capitalization of $23.25 billion, a PE ratio of 14.07, a PEG ratio of 0.70 and a beta of 0.38. 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 50-day simple moving average of $26.49 and a 200-day simple moving average of $25.00.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the company earned $0.32 EPS. Coterra Energy’s revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, equities analysts forecast that Coterra Energy Inc. will post 1.54 earnings per share for the current year.

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.