Coterra Energy Inc. (NYSE:CTRA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Coterra Energy Inc. (NYSE:CTRA) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $32.47.

A number of equities research analysts have recently issued reports on the company. Raymond James boosted their price objective on Coterra Energy from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Susquehanna upped their price objective on Coterra Energy from $30.00 to $32.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Mizuho reiterated a “buy” rating and set a $34.00 price objective on shares of Coterra Energy in a research report on Wednesday, April 3rd. Truist Financial reduced their target price on shares of Coterra Energy from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Finally, Morgan Stanley raised their price target on shares of Coterra Energy from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vontobel Holding Ltd. acquired a new position in shares of Coterra Energy during the third quarter valued at about $932,000. AE Wealth Management LLC grew its stake in Coterra Energy by 47.1% in the third quarter. AE Wealth Management LLC now owns 47,891 shares of the company’s stock valued at $1,295,000 after acquiring an additional 15,325 shares during the period. IFP Advisors Inc increased its holdings in shares of Coterra Energy by 75.7% during the third quarter. IFP Advisors Inc now owns 2,489 shares of the company’s stock valued at $67,000 after acquiring an additional 1,072 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Coterra Energy in the third quarter valued at $501,000. Finally, SG Americas Securities LLC boosted its position in shares of Coterra Energy by 135.5% during the third quarter. SG Americas Securities LLC now owns 89,569 shares of the company’s stock valued at $2,423,000 after buying an additional 51,541 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Price Performance

NYSE:CTRA opened at $28.29 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. Coterra Energy has a 12-month low of $22.91 and a 12-month high of $29.89. The stock’s 50 day moving average price is $27.10 and its two-hundred day moving average price is $26.42. The firm has a market capitalization of $21.27 billion, a price-to-earnings ratio of 13.22 and a beta of 0.21.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. On average, analysts anticipate that Coterra Energy will post 1.82 earnings per share for the current year.

Coterra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.97%. This is a boost from Coterra Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, March 13th. Coterra Energy’s dividend payout ratio is presently 39.25%.

About Coterra Energy

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.