Coterra Energy Inc. (NYSE:CTRA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Coterra Energy Inc. (NYSE:CTRA) have been given an average rating of “Moderate Buy” by the nineteen research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $32.06.

A number of brokerages have recently issued reports on CTRA. Truist Financial cut their price objective on shares of Coterra Energy from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Roth Capital raised shares of Coterra Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 27th. Roth Mkm raised shares of Coterra Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $29.00 in a research report on Tuesday, August 27th. Susquehanna cut their price objective on shares of Coterra Energy from $33.00 to $30.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Finally, Piper Sandler cut their price objective on shares of Coterra Energy from $39.00 to $31.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th.

Coterra Energy Trading Down 1.2 %

NYSE:CTRA opened at $23.78 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.16. Coterra Energy has a 12 month low of $22.30 and a 12 month high of $29.79. The company has a market cap of $17.70 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.41 and a beta of 0.22. The company has a 50 day simple moving average of $23.87 and a two-hundred day simple moving average of $25.99.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Coterra Energy had a net margin of 23.18% and a return on equity of 10.48%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $0.38 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Research analysts forecast that Coterra Energy will post 1.72 earnings per share for the current year.

Coterra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, August 15th. Coterra Energy’s payout ratio is currently 48.55%.

Institutional Trading of Coterra Energy

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Coterra Energy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 87,927,114 shares of the company’s stock valued at $2,243,900,000 after buying an additional 407,244 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Coterra Energy by 4.4% during the 2nd quarter. King Luther Capital Management Corp now owns 6,783,690 shares of the company’s stock valued at $180,921,000 after buying an additional 285,774 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of Coterra Energy by 1.0% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,063,920 shares of the company’s stock valued at $135,055,000 after buying an additional 51,249 shares in the last quarter. American Century Companies Inc. raised its position in shares of Coterra Energy by 29.1% during the 2nd quarter. American Century Companies Inc. now owns 4,498,227 shares of the company’s stock valued at $119,968,000 after buying an additional 1,013,107 shares in the last quarter. Finally, Equity Investment Corp raised its position in shares of Coterra Energy by 0.7% during the 2nd quarter. Equity Investment Corp now owns 3,227,678 shares of the company’s stock valued at $86,082,000 after buying an additional 22,017 shares in the last quarter. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Company Profile

Coterra Energy Inc, an independent oil and gas company, engages in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Marcellus Shale with approximately 186,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania; Permian Basin properties with approximately 296,000 net acres located in west Texas and southeast New Mexico; and Anadarko Basin properties with approximately 182,000 net acres located in Oklahoma.