Coterra Energy (NYSE:CTRA) Earns Sector Perform Rating from Scotiabank

Coterra Energy (NYSE:CTRA)‘s stock had its “sector perform” rating reiterated by equities researchers at Scotiabank in a research note issued on Tuesday,Benzinga reports. They presently have a $31.00 target price on the stock. Scotiabank’s price objective would suggest a potential upside of 1.51% from the stock’s current price.

Several other equities research analysts have also issued reports on CTRA. Johnson Rice decreased their target price on Coterra Energy from $38.00 to $37.00 in a research report on Friday, December 5th. Barclays reduced their price target on shares of Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coterra Energy in a research report on Monday, December 29th. UBS Group boosted their target price on shares of Coterra Energy from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Mizuho increased their target price on shares of Coterra Energy from $33.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, January 15th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $33.40.

Coterra Energy Stock Performance

CTRA stock opened at $30.54 on Tuesday. The firm has a market cap of $23.25 billion, a PE ratio of 14.07, a P/E/G ratio of 0.70 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $26.49 and a 200-day moving average of $25.00. Coterra Energy has a 12-month low of $22.33 and a 12-month high of $30.64.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the business posted $0.32 earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year. As a group, sell-side analysts expect that Coterra Energy will post 1.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CTRA. Vanguard Group Inc. raised its holdings in Coterra Energy by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company’s stock valued at $2,341,151,000 after acquiring an additional 3,781,606 shares during the period. State Street Corp boosted its holdings in shares of Coterra Energy by 0.9% in the second quarter. State Street Corp now owns 45,588,319 shares of the company’s stock worth $1,157,032,000 after acquiring an additional 386,526 shares during the period. Davis Selected Advisers grew its position in shares of Coterra Energy by 63.6% in the fourth quarter. Davis Selected Advisers now owns 32,537,508 shares of the company’s stock valued at $856,387,000 after purchasing an additional 12,654,027 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Coterra Energy by 5.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 26,800,493 shares of the company’s stock valued at $680,197,000 after purchasing an additional 1,495,553 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Coterra Energy by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 21,581,809 shares of the company’s stock valued at $510,410,000 after purchasing an additional 534,132 shares during the period. 87.92% of the stock is owned by institutional investors.

Key Stories Impacting Coterra Energy

Here are the key news stories impacting Coterra Energy this week:

• Positive Sentiment: Merger creates a much larger, Delaware‑focused producer with scale and synergies that could lift long‑term cash flow and valuation — a key bullish driver behind today’s buying. Coterra Energy and Devon Energy Seal $58 Billion Merger Deal
• Positive Sentiment: Analyst bullishness: Wolfe Research boosted its price target substantially (to $40), signaling large upside on the merger thesis and supporting momentum in the stock. Wolfe Research adjusts price target on Coterra Energy to $40 from $33
• Positive Sentiment: Additional support from Susquehanna raising its target to $34 and maintaining a positive view — adds buy‑side validation of the strategic rationale. Susquehanna adjusts price target on Coterra Energy to $34 from $32
• Neutral Sentiment: Deal mechanics: the agreement is an all‑stock merger where Coterra holders receive 0.70 Devon shares per CTRA share (Devon to be the surviving company); outcome depends on shareholder votes and integration execution. Coterra Energy And Devon To Merge, With Devon Being The Surviving Corporation
• Negative Sentiment: Legal and governance scrutiny: two law firms (Kahn Swick & Foti and Wohl & Fruchter) have opened investigations into the fairness of the proposed sale and the adequacy of the exchange ratio, which could delay the deal, increase transaction costs or pressure the offer. Coterra Energy Investor Alert: Kahn Swick & Foti Investigates
• Negative Sentiment: Analyst caution/downgrades and governance questions: Scotiabank kept a cautious stance (sector perform / $31 PT) and there’s press scrutiny about valuation and governance of the exchange ratio; some desks have trimmed ratings, which offsets upside from price‑target raises. Scotiabank downgrades Coterra Energy (CTRA)

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.