Morgan Stanley Has Lowered Expectations for Coterra Energy (NYSE:CTRA) Stock Price

Coterra Energy (NYSE:CTRA - Get Free Report) had its price target lowered by research analysts at Morgan Stanley from $32.00 to $30.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 3.72% from the company's current price.

Other analysts have also recently issued reports about the stock. Truist Financial upped their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Johnson Rice upgraded Coterra Energy from a "hold" rating to an "accumulate" rating and raised their target price for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. Raymond James lowered their price target on shares of Coterra Energy from $41.00 to $37.00 and set an "outperform" rating for the company in a report on Wednesday, March 12th. Williams Trading set a $37.00 price target on Coterra Energy in a research note on Wednesday, March 5th. Finally, Barclays raised their price objective on Coterra Energy from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $34.35.

Remove Ads

Coterra Energy Trading Up 1.0 %

NYSE:CTRA traded up $0.30 during mid-day trading on Thursday, reaching $28.93. The company's stock had a trading volume of 4,762,500 shares, compared to its average volume of 6,112,447. Coterra Energy has a twelve month low of $22.30 and a twelve month high of $29.95. The company's fifty day simple moving average is $27.91 and its two-hundred day simple moving average is $26.06. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The stock has a market cap of $22.10 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.59 and a beta of 0.26.

Insider Transactions at Coterra Energy

In other Coterra Energy news, SVP Michael D. Deshazer sold 35,377 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $26.62, for a total value of $941,735.74. Following the transaction, the senior vice president now owns 126,770 shares in the company, valued at $3,374,617.40. The trade was a 21.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kevin William Smith sold 25,733 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total value of $748,572.97. Following the sale, the senior vice president now directly owns 106,114 shares of the company's stock, valued at $3,086,856.26. This trade represents a 19.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Coterra Energy

Several large investors have recently added to or reduced their stakes in the business. City State Bank bought a new stake in Coterra Energy during the fourth quarter worth approximately $26,000. AdvisorNet Financial Inc grew 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 last quarter. MCF Advisors LLC increased its stake in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock valued at $32,000 after acquiring an additional 869 shares during the period. R Squared Ltd bought a new stake in shares of Coterra Energy in the 4th quarter worth approximately $32,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Coterra Energy in the 4th quarter valued at $43,000. 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.