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

Coterra Energy (NYSE:CTRA) had its price target boosted by research analysts at Roth Mkm from $27.00 to $30.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price objective would indicate a potential upside of 9.35% from the company’s current price.

Several other research analysts have also recently weighed in on CTRA. Weiss Ratings restated a “hold (c)” rating on shares of Coterra Energy in a research report on Monday, December 29th. Wolfe Research cut their price target on Coterra Energy from $36.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. Susquehanna decreased their price target on Coterra Energy from $32.00 to $31.00 and set a “positive” rating on the stock in a report on Monday, October 20th. Piper Sandler reduced their target price on shares of Coterra Energy from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 18th. Finally, Stephens reduced their price objective on shares of Coterra Energy from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $32.71.

Coterra Energy Stock Performance

NYSE CTRA opened at $27.44 on Friday. The firm has a market cap of $20.89 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.60 and a beta of 0.36. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Coterra Energy has a 1-year low of $22.33 and a 1-year high of $29.82. The company has a 50 day moving average of $26.10 and a 200-day moving average of $24.81.

Coterra Energy (NYSE:CTRA) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Coterra Energy had a return on equity of 11.23% and a net margin of 23.25%.The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the firm posted $0.32 EPS. Coterra Energy’s revenue for the quarter was up 33.7% compared to the same quarter last year. On average, equities analysts forecast that Coterra Energy will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coterra Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC acquired a new position in shares of Coterra Energy during the 2nd quarter worth approximately $26,000. REAP Financial Group LLC grew its stake in shares of Coterra Energy by 190.1% in the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after buying an additional 726 shares in the last quarter. GoalVest Advisory LLC acquired a new position in Coterra Energy during the fourth quarter worth $28,000. Winnow Wealth LLC bought a new stake in Coterra Energy during the third quarter worth $29,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in Coterra Energy in the third quarter valued at $29,000. 87.92% of the stock is owned by institutional investors.

About Coterra Energy

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.