Coterra Energy (NYSE:CTRA) Price Target Raised to $38.00 at Barclays

Coterra Energy (NYSE:CTRA - Get Free Report) had its price objective boosted by equities researchers at Barclays from $37.00 to $38.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 32.26% from the stock's previous close.

Several other equities research analysts have also issued reports on CTRA. Mizuho lifted their price objective on shares of Coterra Energy from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, December 16th. Truist Financial upped their price target on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. UBS Group raised their price objective on Coterra Energy from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Citigroup boosted their target price on Coterra Energy from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. lowered their price target on Coterra Energy from $36.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Three analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coterra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $34.14.

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Coterra Energy Stock Down 1.0 %

Shares of CTRA traded down $0.28 during midday trading on Tuesday, reaching $28.73. 20,651,024 shares of the stock were exchanged, compared to its average volume of 5,878,576. The company has a market cap of $21.95 billion, a price-to-earnings ratio of 17.31, a P/E/G 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 firm has a 50 day simple moving average of $27.94 and a 200-day simple moving average of $25.82.

Insider Buying and Selling at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the sale, the senior vice president now directly owns 106,114 shares in the company, valued at $3,086,856.26. This represents a 19.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the sale, the senior vice president now directly owns 126,770 shares of the company's stock, 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. Company insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its position in shares of Coterra Energy by 20.0% during the fourth quarter. Private Trust Co. NA now owns 2,140 shares of the company's stock worth $55,000 after purchasing an additional 356 shares in the last quarter. CENTRAL TRUST Co raised its position in Coterra Energy by 1.8% in the 4th quarter. CENTRAL TRUST Co now owns 21,881 shares of the company's stock worth $559,000 after purchasing an additional 389 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in Coterra Energy by 3.8% during the 4th quarter. Arkadios Wealth Advisors now owns 11,294 shares of the company's stock worth $288,000 after buying an additional 413 shares in the last quarter. Blue Trust Inc. boosted its position in Coterra Energy by 5.8% in the 4th quarter. Blue Trust Inc. now owns 7,620 shares of the company's stock valued at $182,000 after buying an additional 420 shares during the last quarter. Finally, New York Life Investment Management LLC increased its stake in shares of Coterra Energy by 0.4% in the 4th quarter. New York Life Investment Management LLC now owns 99,584 shares of the company's stock valued at $2,543,000 after buying an additional 421 shares during the period. Institutional investors and hedge funds 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.