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

Coterra Energy Inc. (NYSE:CTRA) has been given an average recommendation of “Moderate Buy” by the twenty-three analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $32.8095.

Several research analysts have recently weighed in on the company. Wolfe Research increased their price target on Coterra Energy from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. dropped their price objective on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Coterra Energy in a research note on Monday, December 29th. Raymond James Financial boosted their price target on shares of Coterra Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, November 24th. Finally, The Goldman Sachs Group dropped their price target on shares of Coterra Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 15th.

Coterra Energy Trading Up 2.8%

NYSE:CTRA opened at $28.84 on Friday. Coterra Energy has a 12 month low of $22.33 and a 12 month high of $29.82. 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 firm’s 50 day moving average is $26.31 and its 200 day moving average is $24.90. The stock has a market capitalization of $21.96 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 0.66 and a beta of 0.36.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.83 billion. Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. Coterra Energy’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period last year, the company posted $0.32 earnings per share. Sell-side analysts expect that Coterra Energy will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, November 13th. This represents a $0.88 annualized dividend and a dividend yield of 3.1%. Coterra Energy’s dividend payout ratio is currently 40.55%.

Institutional Trading of Coterra Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in CTRA. Bogart Wealth LLC purchased a new stake in Coterra Energy during the 2nd quarter worth about $26,000. REAP Financial Group LLC grew its holdings in Coterra Energy by 190.1% during the 2nd 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 in the last quarter. GoalVest Advisory LLC bought a new stake in shares of Coterra Energy during the fourth quarter valued at about $28,000. Winnow Wealth LLC purchased a new stake in shares of Coterra Energy in the third quarter worth about $29,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Coterra Energy in the third quarter worth about $29,000. 87.92% of the stock is currently 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.