Coterra Energy (NYSE:CTRA) Stock Rating Reaffirmed by Mizuho

Coterra Energy (NYSE:CTRAGet Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Mizuho in a note issued to investors on Wednesday, Benzinga reports. They currently have a $34.00 price objective on the stock. Mizuho’s target price points to a potential upside of 19.68% from the company’s current price.

Several other research firms have also recently weighed in on CTRA. Raymond James upped their target price on Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Morgan Stanley dropped their price target on Coterra Energy from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. Susquehanna upgraded Coterra Energy from a “neutral” rating to a “positive” rating and dropped their price target for the company from $31.00 to $30.00 in a research note on Friday, January 26th. UBS Group increased their price target on Coterra Energy from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Piper Sandler increased their price target on Coterra Energy from $33.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.77.

Read Our Latest Analysis on Coterra Energy

Coterra Energy Price Performance

NYSE:CTRA traded up $0.11 during trading hours on Wednesday, reaching $28.41. 862,277 shares of the company were exchanged, compared to its average volume of 6,975,860. The business has a 50 day moving average of $25.92 and a 200 day moving average of $26.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.21 and a quick ratio of 1.18. Coterra Energy has a 1-year low of $22.91 and a 1-year high of $29.89. The company has a market capitalization of $21.36 billion, a P/E ratio of 13.22 and a beta of 0.21.

Coterra Energy (NYSE:CTRAGet Free Report) last released its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.06). Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. Research analysts forecast that Coterra Energy will post 1.98 EPS for the current year.

Insider Activity

In other news, VP Michael D. Deshazer sold 14,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $26.06, for a total value of $364,840.00. Following the completion of the sale, the vice president now directly owns 93,988 shares in the company, valued at approximately $2,449,327.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Coterra Energy 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 transaction, 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 legal filing with the SEC, which is available through this link. Also, VP Michael D. Deshazer sold 14,000 shares of Coterra Energy stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $26.06, for a total transaction of $364,840.00. Following the transaction, the vice president now directly 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 company insiders.

Hedge Funds Weigh In On Coterra Energy

Hedge funds have recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in shares of Coterra Energy during the 4th quarter worth approximately $25,000. SouthState Corp lifted its position in shares of Coterra Energy by 75.4% during the 3rd quarter. SouthState Corp now owns 1,056 shares of the company’s stock worth $29,000 after buying an additional 454 shares in the last quarter. Quarry LP lifted its position in shares of Coterra Energy by 157.4% during the 4th quarter. Quarry LP now owns 1,063 shares of the company’s stock worth $27,000 after buying an additional 650 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Coterra Energy during the 4th quarter worth approximately $33,000. Finally, VisionPoint Advisory Group LLC raised its holdings in shares of Coterra Energy by 133.3% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company’s stock worth $35,000 after purchasing an additional 740 shares during the period. Institutional investors own 87.92% of the company’s stock.

About Coterra Energy

(Get Free Report)

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.

Read More

Analyst Recommendations for Coterra Energy (NYSE:CTRA)

Receive News & Ratings for Coterra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coterra Energy and related companies with MarketBeat.com's FREE daily email newsletter.