Coterra Energy (NYSE:CTRA) Price Target Raised to $37.00 at Truist Financial

Coterra Energy (NYSE:CTRA - Get Free Report) had its price target hoisted by stock analysts at Truist Financial from $33.00 to $37.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective suggests a potential upside of 29.33% from the company's previous close.

Other research analysts have also issued research reports about the company. Mizuho lifted their target price on Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, December 16th. Stephens boosted their price objective on Coterra Energy from $28.00 to $29.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Barclays lifted their target price on Coterra Energy from $31.00 to $33.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Citigroup lifted 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. Finally, Morgan Stanley boosted their price objective on Coterra Energy from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.76.

Coterra Energy Trading Up 3.0 %

Shares of Coterra Energy stock traded up $0.84 during trading hours on Monday, reaching $28.61. The stock had a trading volume of 11,762,891 shares, compared to its average volume of 7,392,957. The firm has a 50 day simple moving average of $25.53 and a two-hundred day simple moving average of $24.92. The firm has a market capitalization of $21.07 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.64 and a beta of 0.27. 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 $28.90.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.28 billion. Coterra Energy had a net margin of 21.91% and a return on equity of 9.38%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, equities research analysts anticipate that Coterra Energy will post 1.53 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Kevin William Smith sold 29,643 shares of the firm'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 completion of the transaction, the senior vice president now owns 77,075 shares in the company, valued at $2,016,282. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Adam M. Vela sold 16,435 shares of the firm's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.76, for a total value of $439,800.60. Following the completion of the transaction, the senior vice president now owns 72,409 shares of the company's stock, valued at $1,937,664.84. The trade was a 18.50 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coterra Energy

Hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in Coterra Energy by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,156,361 shares of the company's stock worth $530,645,000 after purchasing an additional 305,626 shares during the period. Hartford Funds Management Co LLC bought a new position in Coterra Energy during the third quarter worth about $575,000. Barclays PLC grew its holdings in Coterra Energy by 3.1% during the third quarter. Barclays PLC now owns 2,147,263 shares of the company's stock worth $51,425,000 after purchasing an additional 64,753 shares during the period. Range Financial Group LLC bought a new position in Coterra Energy during the fourth quarter worth about $1,267,000. Finally, HITE Hedge Asset Management LLC grew its holdings in Coterra Energy by 406.3% during the third quarter. HITE Hedge Asset Management LLC now owns 707,729 shares of the company's stock worth $16,950,000 after purchasing an additional 567,934 shares during the period. 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.