Analysts Set Coterra Energy Inc. (NYSE:CTRA) Target Price at $34.29

Coterra Energy Inc. (NYSE:CTRA - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-two ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $34.10.

A number of equities analysts have recently issued reports on the company. Raymond James dropped their price target on Coterra Energy from $41.00 to $37.00 and set an "outperform" rating on the stock in a research note on Wednesday. Williams Trading set a $37.00 target price on shares of Coterra Energy in a research note on Wednesday, March 5th. UBS Group raised their price target on Coterra Energy from $35.00 to $37.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Jefferies Financial Group upped their price objective on Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Finally, Morgan Stanley upped their price target on shares of Coterra Energy from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Thursday, November 14th.

Coterra Energy Stock Down 2.0 %

Coterra Energy stock traded down $0.54 during trading hours on Thursday, hitting $26.69. The stock had a trading volume of 5,355,972 shares, compared to its average volume of 6,446,097. The stock has a market capitalization of $20.40 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. Coterra Energy has a 12-month low of $22.30 and a 12-month high of $29.95. The stock's 50-day moving average price is $27.71 and its 200-day moving average price is $25.63.

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Coterra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Coterra Energy's previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.30%. Coterra Energy's dividend payout ratio is presently 58.28%.

Insider Buying and Selling

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares of the company's stock, valued at $3,374,617.40. The trade was a 21.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. City State Bank purchased a new stake in shares of Coterra Energy during the fourth quarter valued at about $26,000. AdvisorNet Financial Inc grew its holdings in Coterra Energy by 192.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC increased its position in shares of Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after purchasing an additional 869 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Coterra Energy during the 4th quarter valued at $32,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Coterra Energy in the 4th quarter worth $43,000. Hedge funds and other institutional investors 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.