Coterra Energy (NYSE:CTRA) Price Target Raised to $34.00

Coterra Energy (NYSE:CTRA) had its target price upped by Raymond James Financial from $31.00 to $34.00 in a research note released on Wednesday morning,MarketScreener reports. Raymond James Financial currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. Mizuho boosted their price objective on Coterra Energy from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Stephens boosted their price target on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Coterra Energy in a research note on Monday, December 29th. Finally, The Goldman Sachs Group decreased their target price on shares of Coterra Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Fifteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Coterra Energy has a consensus rating of “Moderate Buy” and an average target price of $33.48.

Coterra Energy Stock Up 1.8%

Shares of NYSE CTRA opened at $31.35 on Wednesday. The stock has a market cap of $23.87 billion, a PE ratio of 14.44, a P/E/G ratio of 0.76 and a beta of 0.38. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Coterra Energy has a 12-month low of $22.33 and a 12-month high of $31.66. The company has a 50-day moving average of $27.03 and a 200 day moving average of $25.35.

Institutional Trading of Coterra Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTRA. Johnson Financial Group Inc. boosted its position in shares of Coterra Energy by 1.4% during the fourth quarter. Johnson Financial Group Inc. now owns 25,158 shares of the company’s stock worth $662,000 after buying an additional 349 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in Coterra Energy by 13.0% during the 4th quarter. Bruce G. Allen Investments LLC now owns 3,219 shares of the company’s stock valued at $85,000 after acquiring an additional 371 shares during the period. Advisors Asset Management Inc. grew its position in Coterra Energy by 0.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 60,796 shares of the company’s stock valued at $1,438,000 after acquiring an additional 398 shares in the last quarter. KLCM Advisors Inc. grew its position in Coterra Energy by 4.2% in the 3rd quarter. KLCM Advisors Inc. now owns 9,855 shares of the company’s stock valued at $233,000 after acquiring an additional 400 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in Coterra Energy by 26.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,998 shares of the company’s stock worth $53,000 after purchasing an additional 413 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

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.