Susquehanna Issues Positive Forecast for Coterra Energy (NYSE:CTRA) Stock Price

Coterra Energy (NYSE:CTRA - Get Free Report) had its target price hoisted by stock analysts at Susquehanna from $30.00 to $33.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "positive" rating on the stock. Susquehanna's price objective would indicate a potential upside of 29.62% from the company's previous close.

Several other research analysts have also recently issued reports on CTRA. JPMorgan Chase & Co. decreased their price objective on shares of Coterra Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, September 12th. Stephens boosted their price objective on Coterra Energy from $28.00 to $29.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Roth Mkm raised Coterra Energy from a "neutral" rating to a "buy" rating and raised their target price for the company from $25.00 to $29.00 in a research note on Tuesday, August 27th. Scotiabank dropped their price target on shares of Coterra Energy from $35.00 to $32.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Finally, Wells Fargo & Company reduced their price objective on shares of Coterra Energy from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Coterra Energy Stock Performance

CTRA stock traded down $0.15 on Thursday, reaching $25.46. The company's stock had a trading volume of 3,240,298 shares, compared to its average volume of 6,234,572. Coterra Energy has a 52 week low of $22.30 and a 52 week high of $28.90. 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 company has a market capitalization of $18.75 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.64 and a beta of 0.22. The firm has a fifty day moving average of $23.86 and a two-hundred day moving average of $25.50.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can raised its holdings in shares of Coterra Energy by 160.1% during the 2nd quarter. Bank of Montreal Can now owns 2,898,876 shares of the company's stock valued at $80,154,000 after purchasing an additional 1,784,192 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Coterra Energy by 5,325.5% in the 2nd quarter. Marshall Wace LLP now owns 1,148,569 shares of the company's stock valued at $30,632,000 after acquiring an additional 1,127,399 shares in the last quarter. Clearbridge Investments LLC bought a new position in shares of Coterra Energy in the first quarter valued at approximately $28,967,000. American Century Companies Inc. raised its holdings in Coterra Energy by 29.1% in the 2nd quarter. American Century Companies Inc. now owns 4,498,227 shares of the company's stock worth $119,968,000 after acquiring an additional 1,013,107 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Coterra Energy by 395.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 899,838 shares of the company's stock worth $21,551,000 after buying an additional 718,182 shares in the last quarter. Hedge funds and other 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.