Coterra Energy (NYSE:CTRA) Given New $43.00 Price Target at Mizuho

Coterra Energy (NYSE:CTRA) had its price target upped by Mizuho from $36.00 to $43.00 in a research note published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. BMO Capital Markets boosted their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “market perform” rating in a research report on Tuesday, March 3rd. William Blair assumed coverage on shares of Coterra Energy in a report on Wednesday, November 26th. They issued an “outperform” rating and a $36.00 price target on the stock. Zacks Research downgraded Coterra Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, January 19th. Finally, Stephens lifted their price objective on Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Fourteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.76.

Coterra Energy Stock Up 1.9%

Shares of NYSE CTRA opened at $32.98 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 0.24. The company has a market cap of $25.04 billion, a P/E ratio of 14.47, a P/E/G ratio of 0.80 and a beta of 0.37. Coterra Energy has a 52 week low of $22.33 and a 52 week high of $33.05. The business has a 50-day simple moving average of $29.30 and a two-hundred day simple moving average of $26.49.

Coterra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, March 11th. Coterra Energy’s dividend payout ratio is currently 38.60%.

Institutional Trading of Coterra Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new position in Coterra Energy during the 4th quarter worth about $27,000. GoalVest Advisory LLC purchased a new stake in shares of Coterra Energy in the 4th quarter worth approximately $28,000. Winnow Wealth LLC purchased a new stake in shares of Coterra Energy in the 3rd quarter worth approximately $29,000. Atlantic Union Bankshares Corp bought a new position in shares of Coterra Energy during the third quarter valued at approximately $29,000. Finally, Triumph Capital Management bought a new position in shares of Coterra Energy during the third quarter valued at approximately $31,000. 87.92% of the stock is currently owned by institutional investors.

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.