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

Coterra Energy Inc. (NYSE:CTRA) has been given a consensus recommendation of “Moderate Buy” by the twenty-four ratings firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $32.8636.

A number of equities analysts recently issued reports on the stock. Susquehanna dropped their target price on shares of Coterra Energy from $32.00 to $31.00 and set a “positive” rating on the stock in a research report on Monday, October 20th. Mizuho decreased their price target on shares of Coterra Energy from $36.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. William Blair assumed coverage on shares of Coterra Energy in a report on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Coterra Energy in a research note on Monday, December 29th. Finally, UBS Group lifted their target price on Coterra Energy from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, December 12th.

Coterra Energy Trading Down 3.0%

Coterra Energy stock opened at $25.05 on Wednesday. Coterra Energy has a 52 week low of $22.33 and a 52 week high of $29.95. 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 $19.07 billion, a PE ratio of 11.54, a PEG ratio of 0.39 and a beta of 0.36. The business’s 50-day simple moving average is $26.00 and its 200-day simple moving average is $24.78.

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

Coterra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, November 13th. Coterra Energy’s dividend payout ratio (DPR) is presently 40.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in Coterra Energy by 0.4% during the first quarter. Alliancebernstein L.P. now owns 853,530 shares of the company’s stock worth $24,667,000 after buying an additional 3,183 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Coterra Energy by 0.7% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 89,765 shares of the company’s stock worth $2,594,000 after acquiring an additional 591 shares during the period. Scientech Research LLC acquired a new stake in shares of Coterra Energy during the 1st quarter valued at about $660,000. Goldman Sachs Group Inc. increased its stake in Coterra Energy by 12.8% in the first quarter. Goldman Sachs Group Inc. now owns 4,740,430 shares of the company’s stock valued at $136,998,000 after acquiring an additional 536,167 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its position in Coterra Energy by 11.1% in the first quarter. Ashton Thomas Private Wealth LLC now owns 165,613 shares of the company’s stock worth $4,786,000 after purchasing an additional 16,554 shares in the last quarter. 87.92% of the stock is owned by institutional investors.

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.