Coterra Energy (NYSE:CTRA) Stock Price Expected to Rise, Siebert Williams Shank Analyst Says

Coterra Energy (NYSE:CTRA) had its price target increased by equities researchers at Siebert Williams Shank from $32.00 to $35.00 in a research report issued on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the stock. Siebert Williams Shank’s target price would indicate a potential upside of 27.12% from the stock’s previous close.

CTRA has been the subject of several other research reports. Johnson Rice cut their target price on Coterra Energy from $38.00 to $37.00 in a research note on Friday, December 5th. Barclays reduced their price objective on shares of Coterra Energy from $35.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Mizuho upped 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. JPMorgan Chase & Co. dropped their price target on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Finally, BMO Capital Markets decreased their price objective on shares of Coterra Energy from $33.00 to $32.00 and set a “market perform” rating on the stock in a report on Monday, December 15th. Sixteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coterra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $32.81.

Coterra Energy Price Performance

Coterra Energy stock opened at $27.53 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of $26.15 and a 200 day moving average price of $24.83. Coterra Energy has a 12-month low of $22.33 and a 12-month high of $29.82. The stock has a market cap of $20.96 billion, a P/E ratio of 12.69, a PEG ratio of 0.62 and a beta of 0.36.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC acquired a new stake in shares of Coterra Energy in the 2nd quarter valued at $26,000. REAP Financial Group LLC increased its holdings in Coterra Energy by 190.1% in the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company’s stock valued at $28,000 after buying an additional 726 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in Coterra Energy in the fourth quarter valued at $28,000. Winnow Wealth LLC purchased a new stake in Coterra Energy during the 3rd quarter worth about $29,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Coterra Energy during the 3rd quarter worth about $29,000. 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.