Coterra Energy (NYSE:CTRA) Given New $34.00 Price Target at Raymond James Financial

Coterra Energy (NYSE:CTRA) had its target price increased by Raymond James Financial from $31.00 to $34.00 in a research note released on Wednesday,MarketScreener reports. Raymond James Financial currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the stock. Wolfe Research raised their price target on shares of Coterra Energy from $33.00 to $40.00 in a research note on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coterra Energy in a research report on Monday, December 29th. Piper Sandler decreased their price target on shares of Coterra Energy from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, January 28th. TD Cowen dropped their price objective on Coterra Energy from $33.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, UBS Group raised their price objective on Coterra Energy from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Fifteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and an average price target of $33.48.

Coterra Energy Stock Performance

CTRA stock opened at $31.62 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $26.89 and its two-hundred day simple moving average is $25.26. Coterra Energy has a twelve month low of $22.33 and a twelve month high of $31.66. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.73 and a beta of 0.38.

Hedge Funds Weigh In On Coterra Energy

Large investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new stake in shares of Coterra Energy in the 2nd quarter valued at about $26,000. Fideuram Asset Management Ireland dac acquired a new stake in Coterra Energy in the fourth quarter valued at approximately $27,000. GoalVest Advisory LLC purchased a new position in Coterra Energy in the fourth quarter worth $28,000. Winnow Wealth LLC purchased a new position in Coterra Energy in the third quarter worth $29,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Coterra Energy during the 3rd quarter valued at $29,000. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Company Profile

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.