Coterra Energy Inc. (NYSE:CTRA) Receives $34.76 Consensus Target Price from Analysts

Shares of Coterra Energy Inc. (NYSE:CTRA) have earned a consensus rating of “Moderate Buy” from the twenty-three brokerages that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $34.7619.

CTRA has been the topic of several recent research reports. Mizuho raised their price target on Coterra Energy from $36.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Scotiabank reissued a “sector perform” rating and set a $31.00 price objective on shares of Coterra Energy in a report on Tuesday, February 3rd. Piper Sandler upped their target price on shares of Coterra Energy from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Stephens raised their target price on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Finally, Roth Mkm set a $28.00 price target on shares of Coterra Energy and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd.

Coterra Energy Stock Up 0.0%

NYSE:CTRA opened at $36.32 on Monday. The company has a market cap of $27.57 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 0.90 and a beta of 0.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19. The stock’s fifty day moving average price is $30.80 and its two-hundred day moving average price is $27.08. Coterra Energy has a 52-week low of $22.33 and a 52-week high of $36.61.

Coterra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, March 11th. Coterra Energy’s payout ratio is currently 38.60%.

Institutional Trading of Coterra Energy

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers grew its stake in shares of Coterra Energy by 9.7% during the second quarter. Cetera Investment Advisers now owns 195,699 shares of the company’s stock worth $4,967,000 after purchasing an additional 17,237 shares during the period. Swiss National Bank lifted its stake in Coterra Energy by 11.4% in the second quarter. Swiss National Bank now owns 2,313,020 shares of the company’s stock valued at $58,704,000 after buying an additional 236,000 shares during the period. DNB Asset Management AS boosted its holdings in Coterra Energy by 12.7% during the second quarter. DNB Asset Management AS now owns 149,330 shares of the company’s stock worth $3,790,000 after buying an additional 16,829 shares during the last quarter. MAI Capital Management grew its position in shares of Coterra Energy by 212.0% during the 2nd quarter. MAI Capital Management now owns 9,623 shares of the company’s stock worth $244,000 after buying an additional 6,539 shares during the period. Finally, Mediolanum International Funds Ltd grew its position in shares of Coterra Energy by 58.4% during the 2nd quarter. Mediolanum International Funds Ltd now owns 67,254 shares of the company’s stock worth $1,722,000 after buying an additional 24,788 shares during the period. Institutional investors own 87.92% of the company’s stock.

About Coterra Energy

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.