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

Coterra Energy (NYSE:CTRA - Free Report) had its target price lifted by UBS Group from $35.00 to $37.00 in a research note published on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other research analysts have also issued reports on CTRA. Citigroup raised their price objective on shares of Coterra Energy from $28.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Mizuho lifted their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, December 16th. Piper Sandler increased their price objective on Coterra Energy from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Susquehanna increased their price target on Coterra Energy from $30.00 to $33.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. Finally, Barclays lifted their price objective on Coterra Energy from $33.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Coterra Energy has a consensus rating of "Moderate Buy" and an average price target of $33.42.

Coterra Energy Trading Down 0.2 %

Coterra Energy stock traded down $0.05 during trading hours on Thursday, hitting $27.55. The stock had a trading volume of 4,548,022 shares, compared to its average volume of 6,336,359. The business's 50 day simple moving average is $26.87 and its 200-day simple moving average is $25.25. Coterra Energy has a one year low of $22.30 and a one year high of $29.95. The stock has a market cap of $20.29 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 0.56 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.

Insider Transactions at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the sale, the senior vice president now directly owns 77,075 shares in the company, valued at approximately $2,016,282. This trade represents a 27.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Adam M. Vela sold 16,435 shares of Coterra Energy stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the sale, the senior vice president now owns 72,409 shares of the company's stock, valued at $1,937,664.84. This represents a 18.50 % 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 company insiders.

Hedge Funds Weigh In On Coterra Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. City State Bank purchased a new position in shares of Coterra Energy during the fourth quarter worth approximately $26,000. AdvisorNet Financial Inc boosted its stake in shares of Coterra Energy by 192.2% in the fourth quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after buying an additional 744 shares during the last quarter. MCF Advisors LLC boosted its position in Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company's stock worth $32,000 after purchasing an additional 869 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Coterra Energy in the fourth quarter valued at approximately $32,000. Finally, Plato Investment Management Ltd purchased a new position in Coterra Energy in the 4th quarter valued at about $43,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

About Coterra Energy

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.