Coterra Energy (NYSE:CTRA) Given New $28.00 Price Target at Jefferies Financial Group

Coterra Energy (NYSE:CTRA - Get Free Report) had its target price boosted by Jefferies Financial Group from $26.00 to $28.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price target indicates a potential upside of 2.35% from the company's current price.

Other equities research analysts have also issued research reports about the company. Citigroup increased their target price on Coterra Energy from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. UBS Group increased their price objective on shares of Coterra Energy from $31.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Wells Fargo & Company upped their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Truist Financial lifted their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Finally, Piper Sandler upped their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coterra Energy has an average rating of "Moderate Buy" and a consensus price target of $33.11.

Coterra Energy Trading Down 0.1 %

Shares of Coterra Energy stock traded down $0.03 during trading hours on Tuesday, reaching $27.36. The stock had a trading volume of 3,262,497 shares, compared to its average volume of 6,336,359. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. Coterra Energy has a 1 year low of $22.30 and a 1 year high of $29.95. The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 0.56 and a beta of 0.26. The firm has a 50 day simple moving average of $26.64 and a two-hundred day simple moving average of $25.18.

Insider Transactions at Coterra Energy

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

Hedge Funds Weigh In On Coterra Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its holdings in shares of Coterra Energy by 28.4% during the third quarter. Wellington Management Group LLP now owns 71,210,013 shares of the company's stock valued at $1,705,480,000 after purchasing an additional 15,736,247 shares during the period. Holocene Advisors LP increased its stake in Coterra Energy by 187.2% during the 3rd quarter. Holocene Advisors LP now owns 4,533,269 shares of the company's stock valued at $108,572,000 after buying an additional 2,954,675 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Coterra Energy during the 4th quarter worth about $61,461,000. Truist Financial Corp lifted its stake in shares of Coterra Energy by 668.0% in the 4th quarter. Truist Financial Corp now owns 1,616,660 shares of the company's stock worth $41,289,000 after acquiring an additional 1,406,170 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Coterra Energy by 5.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,467,326 shares of the company's stock valued at $599,356,000 after acquiring an additional 1,310,965 shares in the last quarter. 87.92% of the stock is owned by 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.