Brokerages Set Coterra Energy Inc. (NYSE:CTRA) Target Price at $33.42

Shares of Coterra Energy Inc. (NYSE:CTRA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-one ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.42.

Several brokerages have commented on CTRA. Jefferies Financial Group boosted their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Raymond James upped their price objective on shares of Coterra Energy from $35.00 to $41.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Susquehanna lifted their price target on Coterra Energy from $30.00 to $33.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Mizuho lifted their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, December 16th. Finally, Morgan Stanley upped their target price on Coterra Energy from $27.00 to $29.00 and gave the company an "equal weight" rating in a research report on Thursday, November 14th.

Coterra Energy Trading Up 2.9 %

Shares of Coterra Energy stock traded up $0.82 on Friday, hitting $28.71. 5,226,843 shares of the company's stock traded hands, compared to its average volume of 5,990,066. Coterra Energy has a one year low of $22.30 and a one year high of $29.95. 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 capitalization of $21.14 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.57 and a beta of 0.26. The firm's 50-day moving average price is $26.92 and its two-hundred day moving average price is $25.27.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total value of $775,460.88. Following the sale, the senior vice president now owns 77,075 shares in the company, valued at approximately $2,016,282. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Coterra Energy by 1.9% during the 4th quarter. Wellington Management Group LLP now owns 72,528,767 shares of the company's stock worth $1,852,385,000 after acquiring an additional 1,318,754 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Coterra Energy by 5.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,467,326 shares of the company's stock worth $599,356,000 after purchasing an additional 1,310,965 shares during the period. Geode Capital Management LLC increased its holdings in Coterra Energy by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 19,096,761 shares of the company's stock worth $486,528,000 after purchasing an additional 96,059 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Coterra Energy by 5.0% during the 4th quarter. Victory Capital Management Inc. now owns 17,808,693 shares of the company's stock worth $454,834,000 after buying an additional 845,609 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Coterra Energy by 9.0% during the 4th quarter. Invesco Ltd. now owns 12,232,484 shares of the company's stock worth $312,418,000 after buying an additional 1,011,166 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Company Profile

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.