Coterra Energy (NYSE:CTRA) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Coterra Energy (NYSE:CTRA) had its price target hoisted by equities research analysts at Raymond James Financial from $31.00 to $34.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 10.43% from the company’s previous close.

A number of other equities research analysts also recently weighed in on CTRA. William Blair began coverage on shares of Coterra Energy in a research note on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price target on the stock. Wolfe Research raised their price objective on shares of Coterra Energy from $33.00 to $40.00 in a report on Tuesday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. TD Cowen dropped their price target on shares of Coterra Energy from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Siebert Williams Shank lifted their price objective on Coterra Energy from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Fifteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.48.

Coterra Energy Trading Down 2.7%

Coterra Energy stock opened at $30.79 on Wednesday. The business has a 50 day moving average price of $26.95 and a two-hundred day moving average price of $25.29. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. Coterra Energy has a 12 month low of $22.33 and a 12 month high of $31.66. The stock has a market cap of $23.44 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 0.76 and a beta of 0.38.

Institutional Trading of Coterra Energy

Several hedge funds have recently modified their holdings of the company. Johnson Financial Group Inc. boosted its holdings in shares of Coterra Energy by 1.4% in the 4th quarter. Johnson Financial Group Inc. now owns 25,158 shares of the company’s stock worth $662,000 after acquiring an additional 349 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in Coterra Energy by 13.0% in the fourth quarter. Bruce G. Allen Investments LLC now owns 3,219 shares of the company’s stock worth $85,000 after purchasing an additional 371 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Coterra Energy by 0.7% in the third quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock worth $1,438,000 after purchasing an additional 398 shares in the last quarter. KLCM Advisors Inc. grew its holdings in shares of Coterra Energy by 4.2% during the third quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock worth $233,000 after purchasing an additional 400 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Coterra Energy by 26.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,998 shares of the company’s stock valued at $53,000 after buying an additional 413 shares in the last quarter. Institutional investors and hedge funds 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.