Brokerages Set Coterra Energy Inc. (NYSE:CTRA) PT at $32.53

Shares of Coterra Energy Inc. (NYSE:CTRA - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nineteen research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, sixteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $32.53.

A number of equities research analysts have recently weighed in on CTRA shares. Morgan Stanley raised their price target on Coterra Energy from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Truist Financial raised their price objective on shares of Coterra Energy from $31.00 to $33.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. UBS Group boosted their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Wells Fargo & Company raised their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, Stephens upped their price objective on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Friday, November 1st.

Insider Activity at Coterra Energy

In other news, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total transaction of $439,800.60. Following the sale, the senior vice president now directly owns 72,409 shares in the company, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the transaction, the senior vice president now directly owns 77,075 shares of the company's stock, valued at $2,016,282. This trade represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coterra Energy

Several large investors have recently modified their holdings of CTRA. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Coterra Energy by 20.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 130,475 shares of the company's stock worth $3,480,000 after purchasing an additional 21,785 shares during the last quarter. HB Wealth Management LLC grew its stake in Coterra Energy by 17.6% during the second quarter. HB Wealth Management LLC now owns 10,905 shares of the company's stock worth $291,000 after buying an additional 1,634 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Coterra Energy by 81.7% during the second quarter. UMB Bank n.a. now owns 3,828 shares of the company's stock worth $102,000 after buying an additional 1,721 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new position in shares of Coterra Energy in the second quarter valued at approximately $455,000. Finally, Signaturefd LLC grew its position in Coterra Energy by 8.4% during the 2nd quarter. Signaturefd LLC now owns 6,557 shares of the company's stock worth $175,000 after acquiring an additional 507 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Stock Up 0.2 %

CTRA traded up $0.06 on Friday, reaching $24.64. 3,458,685 shares of the company traded hands, compared to its average volume of 6,224,449. The company has a market cap of $18.15 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.64 and a beta of 0.27. 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's 50 day moving average price is $25.00 and its 200-day moving average price is $25.01. Coterra Energy has a 52-week low of $22.30 and a 52-week high of $28.90.

Coterra Energy (NYSE:CTRA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company's revenue was up .2% on a year-over-year basis. On average, sell-side analysts expect that Coterra Energy will post 1.53 EPS for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.41%. Coterra Energy's payout ratio is 50.60%.

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.