Coterra Energy Inc. (NYSE:CTRA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Coterra Energy Inc. (NYSE:CTRA) has received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.67.

A number of brokerages have recently weighed in on CTRA. JPMorgan Chase & Co. increased their target price on Coterra Energy from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Susquehanna lifted their target price on Coterra Energy from $32.00 to $33.00 and gave the stock a “positive” rating in a report on Tuesday, May 7th. Truist Financial raised shares of Coterra Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $27.00 to $35.00 in a research report on Thursday. Stephens reaffirmed an “overweight” rating and set a $39.00 price target on shares of Coterra Energy in a research report on Tuesday, January 23rd. Finally, Stifel Nicolaus cut their price objective on shares of Coterra Energy from $33.00 to $31.00 and set a “buy” rating for the company in a report on Friday, March 22nd.

Insider Activity at Coterra Energy

In related news, CAO Todd M. Roemer sold 55,000 shares of Coterra Energy stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the sale, the chief accounting officer now directly owns 176,758 shares of the company’s stock, valued at approximately $4,783,071.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Todd M. Roemer sold 55,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the sale, the chief accounting officer now owns 176,758 shares of the company’s stock, valued at approximately $4,783,071.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Michael D. Deshazer sold 14,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $26.06, for a total value of $364,840.00. Following the sale, the vice president now owns 93,988 shares in the company, valued at approximately $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Beacon Investment Advisors LLC increased its stake in shares of Coterra Energy by 0.7% in the third quarter. Beacon Investment Advisors LLC now owns 62,447 shares of the company’s stock valued at $1,689,000 after buying an additional 422 shares during the period. Redwood Wealth Management Group LLC increased its position in Coterra Energy by 2.3% during the 1st quarter. Redwood Wealth Management Group LLC now owns 18,974 shares of the company’s stock valued at $529,000 after purchasing an additional 429 shares during the period. Stone House Investment Management LLC increased its position in Coterra Energy by 32.4% during the 4th quarter. Stone House Investment Management LLC now owns 1,791 shares of the company’s stock valued at $46,000 after purchasing an additional 438 shares during the period. Quent Capital LLC lifted its position in shares of Coterra Energy by 8.1% in the 1st quarter. Quent Capital LLC now owns 5,924 shares of the company’s stock worth $165,000 after purchasing an additional 446 shares during the period. Finally, SouthState Corp boosted its stake in shares of Coterra Energy by 75.4% in the 3rd quarter. SouthState Corp now owns 1,056 shares of the company’s stock valued at $29,000 after purchasing an additional 454 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Coterra Energy Stock Up 0.7 %

CTRA stock opened at $28.01 on Friday. The business’s 50 day simple moving average is $27.67 and its 200 day simple moving average is $26.37. Coterra Energy has a 1-year low of $22.91 and a 1-year high of $29.89. The firm has a market capitalization of $20.85 billion, a PE ratio of 16.19 and a beta of 0.22. The company has a current ratio of 1.49, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

Coterra Energy (NYSE:CTRA) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. As a group, research analysts anticipate that Coterra Energy will post 1.82 EPS for the current year.

Coterra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.00%. Coterra Energy’s dividend payout ratio (DPR) is currently 48.55%.

Coterra Energy Company Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company's properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.