Coterra Energy (NYSE:CTRA - Get Free Report) had its target price increased by stock analysts at Piper Sandler from $32.00 to $35.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's target price would suggest a potential upside of 37.47% from the company's previous close.
Other equities analysts have also recently issued research reports about the stock. Mizuho lifted their target price on shares of Coterra Energy from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Wolfe Research assumed coverage on Coterra Energy in a report on Thursday, July 18th. They set an "outperform" rating and a $35.00 target price on the stock. Morgan Stanley cut their price target on Coterra Energy from $29.00 to $27.00 and set an "equal weight" rating for the company in a report on Monday, September 16th. Wells Fargo & Company decreased their price objective on Coterra Energy from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. dropped their price objective on Coterra Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a research report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.
Check Out Our Latest Stock Analysis on CTRA
Coterra Energy Price Performance
Shares of NYSE:CTRA traded down $0.15 during trading on Thursday, hitting $25.46. 3,240,298 shares of the stock were exchanged, compared to its average volume of 6,234,572. The company has a market cap of $18.75 billion, a PE ratio of 15.30, a P/E/G ratio of 1.64 and a beta of 0.22. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $23.86 and a two-hundred day moving average price of $25.50. Coterra Energy has a 12-month low of $22.30 and a 12-month high of $28.90.
Coterra Energy (NYSE:CTRA - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The firm's revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts forecast that Coterra Energy will post 1.53 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Avantax Advisory Services Inc. grew its position in Coterra Energy by 8.4% in the first quarter. Avantax Advisory Services Inc. now owns 78,682 shares of the company's stock valued at $2,194,000 after acquiring an additional 6,105 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Coterra Energy during the first quarter worth about $656,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Coterra Energy by 4.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 916,106 shares of the company's stock worth $25,541,000 after acquiring an additional 38,971 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Coterra Energy by 14.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 915,043 shares of the company's stock valued at $25,511,000 after purchasing an additional 116,144 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in Coterra Energy by 9.0% during the 1st quarter. Blair William & Co. IL now owns 25,606 shares of the company's stock worth $714,000 after purchasing an additional 2,112 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company's stock.
Coterra Energy Company Profile
(
Get Free Report)
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.
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