Coterra Energy (NYSE:CTRA) Stock Rating Lowered by Siebert Williams Shank

Coterra Energy (NYSE:CTRA) was downgraded by analysts at Siebert Williams Shank from a “buy” rating to a “hold” rating in a report released on Friday, MarketBeat.com reports.

Several other equities research analysts have also recently weighed in on the company. Raymond James Financial boosted their target price on Coterra Energy from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Stephens increased their price target on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. TD Cowen cut their price objective on shares of Coterra Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. JPMorgan Chase & Co. reduced their price objective on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Finally, William Blair began coverage on shares of Coterra Energy in a research report on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 target price on the stock. Fifteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Coterra Energy presently has an average rating of “Moderate Buy” and an average price target of $33.95.

Coterra Energy Stock Performance

NYSE:CTRA opened at $31.12 on Friday. The firm has a market capitalization of $23.63 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.77 and a beta of 0.38. The business’s fifty day moving average price is $28.51 and its 200 day moving average price is $26.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 0.98. Coterra Energy has a 12 month low of $22.33 and a 12 month high of $32.67.

Institutional Trading of Coterra Energy

Large investors have recently bought and sold shares of the business. Fideuram Asset Management Ireland dac purchased a new stake in shares of Coterra Energy in the fourth quarter valued at about $27,000. GoalVest Advisory LLC purchased a new position in shares of Coterra Energy during the fourth quarter worth about $28,000. Winnow Wealth LLC acquired a new position in Coterra Energy in the 3rd quarter valued at about $29,000. Atlantic Union Bankshares Corp acquired a new position in Coterra Energy in the 3rd quarter valued at about $29,000. Finally, Triumph Capital Management purchased a new stake in Coterra Energy during the 3rd quarter valued at approximately $31,000. 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.