Coterra Energy (NYSE:CTRA) Price Target Raised to $28.00

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

A number of other research firms have also recently weighed in on CTRA. Stephens boosted their price target on Coterra Energy from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Wells Fargo & Company boosted 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. Piper Sandler raised their price target on shares of Coterra Energy from $33.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Barclays boosted their price objective on shares of Coterra Energy from $33.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley raised their target price on shares of Coterra Energy from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 14th. Three equities research 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.11.

Coterra Energy Price Performance

Shares of CTRA traded down $0.03 during mid-day trading on Tuesday, reaching $27.36. 3,262,436 shares of the company's stock were exchanged, compared to its average volume of 6,295,970. 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 52-week low of $22.30 and a 52-week high of $29.95. The company has a market cap of $20.15 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.56 and a beta of 0.26. The company has a 50-day simple moving average of $26.63 and a two-hundred day simple moving average of $25.18.

Insider Transactions at Coterra Energy

In other Coterra Energy 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 transaction, the senior vice president now directly owns 77,075 shares of the company's stock, valued at $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Adam M. Vela sold 16,435 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total value of $439,800.60. Following the transaction, the senior vice president now owns 72,409 shares in the company, valued at approximately $1,937,664.84. This represents a 18.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Institutional Trading of Coterra Energy

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of 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 in the last quarter. Czech National Bank lifted its holdings in Coterra Energy by 6.1% in the 4th quarter. Czech National Bank now owns 159,713 shares of the company's stock worth $4,079,000 after buying an additional 9,115 shares in the last quarter. Bourgeon Capital Management LLC boosted its position in Coterra Energy by 107.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 236,952 shares of the company's stock valued at $6,052,000 after buying an additional 122,487 shares during the last quarter. Hartford Funds Management Co LLC purchased a new position in Coterra Energy in the 3rd quarter valued at about $575,000. Finally, M.E. Allison & CO. Inc. purchased a new stake in shares of Coterra Energy during the fourth quarter worth about $217,000. 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.