TD Cowen Upgrades Coterra Energy (NYSE:CTRA) to “Strong-Buy”

Coterra Energy (NYSE:CTRA) was upgraded by investment analysts at TD Cowen to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently commented on the stock. Piper Sandler dropped their target price on shares of Coterra Energy from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, January 28th. BMO Capital Markets lowered their price objective on shares of Coterra Energy from $33.00 to $32.00 and set a “market perform” rating for the company in a research report on Monday, December 15th. Roth Mkm set a $28.00 price objective on shares of Coterra Energy and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Mizuho upped their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Coterra Energy in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.40.

Coterra Energy Stock Down 0.7%

NYSE:CTRA opened at $30.45 on Monday. Coterra Energy has a 1 year low of $22.33 and a 1 year high of $30.94. The stock has a 50-day moving average price of $26.71 and a two-hundred day moving average price of $25.16. The stock has a market cap of $23.18 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.74 and a beta of 0.38. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Coterra Energy

Large investors have recently modified their holdings of the business. Moors & Cabot Inc. grew its holdings in shares of Coterra Energy by 2.1% in the 4th quarter. Moors & Cabot Inc. now owns 128,307 shares of the company’s stock valued at $3,377,000 after acquiring an additional 2,644 shares in the last quarter. Intech Investment Management LLC boosted its position in Coterra Energy by 6.8% during the fourth quarter. Intech Investment Management LLC now owns 71,903 shares of the company’s stock valued at $1,892,000 after purchasing an additional 4,551 shares during the last quarter. Geode Capital Management LLC grew its stake in Coterra Energy by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 21,361,342 shares of the company’s stock valued at $560,207,000 after purchasing an additional 145,671 shares in the last quarter. Coordinated Financial Services Inc. increased its position in shares of Coterra Energy by 16.3% during the 4th quarter. Coordinated Financial Services Inc. now owns 10,145 shares of the company’s stock worth $267,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in shares of Coterra Energy by 8.8% during the 4th quarter. Fidelis Capital Partners LLC now owns 10,490 shares of the company’s stock worth $276,000 after purchasing an additional 847 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

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.