UBS Group Has Lowered Expectations for Coterra Energy (NYSE:CTRA) Stock Price

Coterra Energy (NYSE:CTRA - Free Report) had its price objective reduced by UBS Group from $37.00 to $33.00 in a report issued on Monday,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other research firms have also issued reports on CTRA. JPMorgan Chase & Co. reduced their target price on Coterra Energy from $36.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Morgan Stanley decreased their price target on Coterra Energy from $32.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. Truist Financial raised their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Mizuho upped their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Finally, Jefferies Financial Group raised their target price on Coterra Energy from $26.00 to $28.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.20.

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Coterra Energy Stock Performance

CTRA stock traded up $0.43 during midday trading on Monday, reaching $25.13. 7,199,604 shares of the company were exchanged, compared to its average volume of 6,217,970. The firm has a market capitalization of $19.20 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47. The business has a 50-day moving average price of $27.38 and a two-hundred day moving average price of $26.27. 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.

Coterra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were issued a $0.22 dividend. The ex-dividend date was Thursday, March 13th. This represents a $0.88 annualized dividend and a yield of 3.50%. This is a positive change from Coterra Energy's previous quarterly dividend of $0.21. Coterra Energy's dividend payout ratio (DPR) is 58.28%.

Insider Activity at Coterra Energy

In other news, SVP Kevin William Smith sold 25,733 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total value of $748,572.97. Following the completion of the transaction, the senior vice president now directly owns 106,114 shares in the company, valued at approximately $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction that occurred 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 owns 126,770 shares in the company, valued at $3,374,617.40. This represents a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coterra Energy

A number of institutional investors and hedge funds have recently bought and sold shares of CTRA. City State Bank bought a new stake in shares of Coterra Energy in the 4th quarter worth approximately $26,000. AdvisorNet Financial Inc raised its position in Coterra Energy by 192.2% in the 4th 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 period. MCF Advisors LLC lifted its stake in Coterra Energy by 230.5% in 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 during the last quarter. R Squared Ltd purchased a new stake in Coterra Energy during the fourth quarter valued at about $32,000. Finally, Investors Research Corp grew its stake in shares of Coterra Energy by 45.2% during the first quarter. Investors Research Corp now owns 1,311 shares of the company's stock valued at $38,000 after buying an additional 408 shares during the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

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.