TD Cowen Lowers Coterra Energy (NYSE:CTRA) Price Target to $32.00

Coterra Energy (NYSE:CTRA) had its target price dropped by stock analysts at TD Cowen from $33.00 to $32.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 1.21% from the stock’s current price.

CTRA has been the subject of a number of other reports. Roth Mkm set a $28.00 price objective on shares of Coterra Energy and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Stephens boosted their target price on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Mizuho raised their price objective on Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. Weiss Ratings restated a “hold (c)” rating on shares of Coterra Energy in a report on Monday, December 29th. Finally, Barclays decreased their price objective on Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Fifteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.48.

Coterra Energy Stock Up 3.5%

CTRA opened at $31.62 on Tuesday. 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 company has a market capitalization of $24.07 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.73 and a beta of 0.38. Coterra Energy has a 52 week low of $22.33 and a 52 week high of $31.66. The firm has a 50-day simple moving average of $26.89 and a two-hundred day simple moving average of $25.26.

Institutional Trading of Coterra Energy

Several hedge funds and other institutional investors have recently bought and sold shares of CTRA. Vontobel Holding Ltd. grew its position in Coterra Energy by 65.3% during the second quarter. Vontobel Holding Ltd. now owns 13,306 shares of the company’s stock valued at $338,000 after buying an additional 5,254 shares during the period. Aberdeen Group plc raised its holdings in Coterra Energy by 13.0% in the 2nd quarter. Aberdeen Group plc now owns 384,282 shares of the company’s stock valued at $9,753,000 after acquiring an additional 44,252 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Coterra Energy by 5.3% during the second quarter. Fifth Third Wealth Advisors LLC now owns 10,534 shares of the company’s stock worth $267,000 after buying an additional 533 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Coterra Energy by 73.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,042 shares of the company’s stock worth $331,000 after acquiring an additional 5,517 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Coterra Energy by 5.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 102,344 shares of the company’s stock valued at $2,599,000 after purchasing an additional 4,945 shares during the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

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.