Coterra Energy Inc. (NYSE:CTRA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Coterra Energy Inc. (NYSE:CTRAGet Rating) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $33.07.

CTRA has been the topic of a number of recent analyst reports. Credit Suisse Group increased their target price on shares of Coterra Energy from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Monday, June 13th. Mizuho dropped their target price on shares of Coterra Energy from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Morgan Stanley dropped their target price on shares of Coterra Energy from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 19th. MKM Partners reiterated a “neutral” rating and set a $26.00 price target on shares of Coterra Energy in a research note on Wednesday, July 20th. Finally, Susquehanna cut shares of Coterra Energy from a “positive” rating to a “neutral” rating and increased their price target for the stock from $26.00 to $32.00 in a research note on Monday, April 25th.

Coterra Energy Trading Up 2.0 %

Shares of NYSE:CTRA opened at $27.93 on Friday. Coterra Energy has a 52 week low of $14.28 and a 52 week high of $36.55. The company’s 50 day moving average is $29.28 and its two-hundred day moving average is $27.47. The company has a current ratio of 1.96, a quick ratio of 1.54 and a debt-to-equity ratio of 0.25. The company has a market cap of $22.51 billion, a PE ratio of 7.76, a P/E/G ratio of 0.11 and a beta of 0.07.

Coterra Energy (NYSE:CTRAGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Coterra Energy had a net margin of 41.04% and a return on equity of 28.44%. During the same period in the prior year, the firm posted $0.25 EPS. Equities analysts predict that Coterra Energy will post 4.6 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 25th. Investors of record on Monday, August 15th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Friday, August 12th. Coterra Energy’s dividend payout ratio (DPR) is 16.67%.

Insider Activity at Coterra Energy

In related news, SVP Francis Brian Barron sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $33.52, for a total value of $335,200.00. Following the completion of the sale, the senior vice president now owns 281,212 shares in the company, valued at $9,426,226.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coterra Energy news, EVP Stephen P. Bell sold 36,327 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $35.41, for a total transaction of $1,286,339.07. Following the completion of the transaction, the executive vice president now directly owns 351,436 shares in the company, valued at approximately $12,444,348.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Francis Brian Barron sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $33.52, for a total transaction of $335,200.00. Following the transaction, the senior vice president now owns 281,212 shares of the company’s stock, valued at $9,426,226.24. The disclosure for this sale can be found here. Insiders sold 96,327 shares of company stock worth $3,213,039 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Coterra Energy

Several hedge funds have recently added to or reduced their stakes in CTRA. Capital Analysts LLC purchased a new stake in shares of Coterra Energy during the first quarter worth about $27,000. Larson Financial Group LLC purchased a new stake in shares of Coterra Energy during the first quarter worth about $28,000. BerganKDV Wealth Management LLC purchased a new stake in shares of Coterra Energy during the first quarter worth about $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of Coterra Energy during the first quarter worth about $29,000. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Coterra Energy by 239.3% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,106 shares of the company’s stock worth $29,000 after buying an additional 780 shares in the last quarter. 93.40% of the stock is currently owned by hedge funds and other institutional investors.

About Coterra Energy

(Get Rating)

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. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.

Featured Stories

Analyst Recommendations for Coterra Energy (NYSE:CTRA)

Want More Great Investing Ideas?

Receive News & Ratings for Coterra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coterra Energy and related companies with MarketBeat.com's FREE daily email newsletter.