Coterra Energy (NYSE:CTRA) PT Raised to $33.00 at Susquehanna

Coterra Energy (NYSE:CTRA) had its target price boosted by analysts at Susquehanna from $32.00 to $33.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price target points to a potential upside of 17.56% from the company’s current price.

CTRA has been the subject of a number of other research reports. Truist Financial lowered their price objective on Coterra Energy from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. JPMorgan Chase & Co. upped their price target on shares of Coterra Energy from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Mizuho upped their target price on shares of Coterra Energy from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Piper Sandler boosted their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Stephens reiterated an “overweight” rating and issued a $39.00 target price on shares of Coterra Energy in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.73.

Coterra Energy Price Performance

Coterra Energy stock opened at $28.07 on Tuesday. Coterra Energy has a 12-month low of $22.91 and a 12-month high of $29.89. The firm has a 50-day moving average price of $27.44 and a 200-day moving average price of $26.36. The firm has a market capitalization of $21.10 billion, a PE ratio of 16.23 and a beta of 0.22. The company has a current ratio of 0.89, a quick ratio of 1.18 and a debt-to-equity ratio of 0.20.

Coterra Energy (NYSE:CTRA) last issued its earnings results 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 net margin of 23.34% and a return on equity of 10.75%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. As a group, equities research analysts forecast that Coterra Energy will post 1.82 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Coterra Energy

Several large investors have recently modified their holdings of the business. Balyasny Asset Management L.P. purchased a new stake in Coterra Energy in the 4th quarter worth approximately $54,625,000. SG Americas Securities LLC grew its stake in shares of Coterra Energy by 2,609.6% during the first quarter. SG Americas Securities LLC now owns 1,541,342 shares of the company’s stock valued at $42,973,000 after acquiring an additional 1,484,458 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Coterra Energy by 21.7% during the third quarter. Schroder Investment Management Group now owns 7,187,516 shares of the company’s stock worth $194,422,000 after buying an additional 1,281,094 shares in the last quarter. Bridgewater Associates LP bought a new stake in Coterra Energy in the fourth quarter valued at about $31,112,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Coterra Energy by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,465,383 shares of the company’s stock valued at $267,089,000 after acquiring an additional 848,519 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

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.