Coterra Energy Inc. (NYSE:CTRA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Coterra Energy Inc. (NYSE:CTRA) have been given an average recommendation of “Moderate Buy” by the twenty-two research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $33.40.

A number of research firms have issued reports on CTRA. Roth Mkm set a $28.00 target price on Coterra Energy and gave the company a “neutral” rating in a research note on Tuesday. BMO Capital Markets cut their price objective on shares of Coterra Energy from $33.00 to $32.00 and set a “market perform” rating on the stock in a research report on Monday, December 15th. Morgan Stanley reduced their target price on shares of Coterra Energy from $29.00 to $28.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Siebert Williams Shank upped their target price on shares of Coterra Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coterra Energy in a report on Monday, December 29th.

Hedge Funds Weigh In On Coterra Energy

Large investors have recently bought and sold shares of the stock. Bogart Wealth LLC bought a new position in Coterra Energy during the 2nd quarter valued at $26,000. GoalVest Advisory LLC bought a new position in Coterra Energy during the fourth quarter valued at about $28,000. REAP Financial Group LLC grew its holdings in Coterra Energy by 190.1% during the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock worth $28,000 after acquiring an additional 726 shares during the period. Winnow Wealth LLC bought a new stake in Coterra Energy in the third quarter worth about $29,000. Finally, City Holding Co. lifted its holdings in Coterra Energy by 144.4% in the 4th quarter. City Holding Co. now owns 1,222 shares of the company’s stock valued at $32,000 after acquiring an additional 722 shares during the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Trading Up 1.3%

NYSE CTRA opened at $30.70 on Friday. Coterra Energy has a one year low of $22.33 and a one year high of $30.94. The company has a 50-day simple moving average of $26.64 and a 200-day simple moving average of $25.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 1.02. The firm has a market capitalization of $23.37 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.74 and a beta of 0.38.

Coterra Energy Company Profile

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.