Coterra Energy Inc. (NYSE:CTRA) Receives $32.33 Consensus PT from Analysts

Shares of Coterra Energy Inc. (NYSE:CTRA) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $32.47.

A number of equities research analysts have weighed in on the stock. Bank of America upgraded shares of Coterra Energy from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, January 5th. Scotiabank boosted their target price on shares of Coterra Energy from $31.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Truist Financial dropped their price objective on shares of Coterra Energy from $30.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Mizuho reaffirmed a “buy” rating and set a $34.00 target price on shares of Coterra Energy in a report on Wednesday, April 3rd. Finally, Piper Sandler lifted their price target on shares of Coterra Energy from $35.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th.

Coterra Energy Price Performance

CTRA stock opened at $28.28 on Monday. The firm has a 50 day moving average price of $27.10 and a 200-day moving average price of $26.44. Coterra Energy has a 52-week low of $22.91 and a 52-week high of $29.89. The firm has a market capitalization of $21.26 billion, a price-to-earnings ratio of 13.21 and a beta of 0.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.18 and a current ratio of 1.21.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Equities research analysts forecast that Coterra Energy will post 1.87 EPS for the current fiscal year.

Coterra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.21 per share. This is an increase from Coterra Energy’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Wednesday, March 13th. Coterra Energy’s dividend payout ratio is currently 39.25%.

Insider Activity

In other news, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the completion of the transaction, the chief accounting officer now directly owns 176,758 shares in the company, valued at approximately $4,783,071.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Michael D. Deshazer sold 14,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $26.06, for a total value of $364,840.00. Following the completion of the sale, the vice president now directly owns 93,988 shares in the company, valued at $2,449,327.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Todd M. Roemer sold 55,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the sale, the chief accounting officer now owns 176,758 shares of the company’s stock, valued at $4,783,071.48. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Coterra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Associates Ltd. increased its stake in shares of Coterra Energy by 8.6% during the first quarter. Pinnacle Associates Ltd. now owns 14,594 shares of the company’s stock valued at $407,000 after buying an additional 1,151 shares during the period. MONECO Advisors LLC increased its stake in shares of Coterra Energy by 13.2% during the first quarter. MONECO Advisors LLC now owns 19,932 shares of the company’s stock valued at $556,000 after buying an additional 2,328 shares during the period. Meridian Wealth Management LLC increased its stake in shares of Coterra Energy by 3.0% during the first quarter. Meridian Wealth Management LLC now owns 18,887 shares of the company’s stock valued at $527,000 after buying an additional 552 shares during the period. Cascade Investment Advisors Inc. increased its stake in shares of Coterra Energy by 2.2% during the first quarter. Cascade Investment Advisors Inc. now owns 52,265 shares of the company’s stock valued at $1,457,000 after buying an additional 1,125 shares during the period. Finally, Krilogy Financial LLC purchased a new position in shares of Coterra Energy during the first quarter valued at $494,000. 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.