Coterra Energy (NYSE:CTRA) Given New $33.00 Price Target at Barclays

Coterra Energy (NYSE:CTRA - Get Free Report) had its price objective hoisted by equities researchers at Barclays from $31.00 to $33.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's target price indicates a potential upside of 29.77% from the company's previous close.

Several other research analysts have also commented on CTRA. UBS Group cut their price target on shares of Coterra Energy from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Roth Mkm raised shares of Coterra Energy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $25.00 to $29.00 in a report on Tuesday, August 27th. Wolfe Research assumed coverage on shares of Coterra Energy in a research report on Thursday, July 18th. They issued an "outperform" rating and a $35.00 target price for the company. Susquehanna raised their target price on Coterra Energy from $30.00 to $33.00 and gave the company a "positive" rating in a research note on Thursday. Finally, Roth Capital upgraded shares of Coterra Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Coterra Energy Price Performance

CTRA traded down $0.18 on Thursday, reaching $25.43. 5,300,060 shares of the company's stock were exchanged, compared to its average volume of 6,243,892. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The stock has a market cap of $18.73 billion, a PE ratio of 15.32, a P/E/G ratio of 1.64 and a beta of 0.22. The stock's fifty day moving average price is $23.86 and its 200-day moving average price is $25.50. Coterra Energy has a twelve month low of $22.30 and a twelve month high of $28.90.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. Coterra Energy's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. Sell-side analysts expect that Coterra Energy will post 1.53 EPS for the current year.

Institutional Investors Weigh In On Coterra Energy

A number of hedge funds have recently modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Coterra Energy during the 1st quarter valued at $656,000. Quadrature Capital Ltd raised its holdings in shares of Coterra Energy by 112.2% in the first quarter. Quadrature Capital Ltd now owns 72,395 shares of the company's stock worth $2,018,000 after buying an additional 38,278 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of Coterra Energy by 130.3% during the 1st quarter. CreativeOne Wealth LLC now owns 56,860 shares of the company's stock worth $1,586,000 after acquiring an additional 32,173 shares during the last quarter. Raymond James & Associates boosted its holdings in Coterra Energy by 5.0% during the 2nd quarter. Raymond James & Associates now owns 1,187,663 shares of the company's stock valued at $31,675,000 after acquiring an additional 56,748 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its stake in Coterra Energy by 1.0% in the second quarter. Disciplined Growth Investors Inc. MN now owns 5,063,920 shares of the company's stock worth $135,055,000 after purchasing an additional 51,249 shares during the period. Institutional investors own 87.92% of the company's stock.

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.