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

Coterra Energy Inc. (NYSE:CTRA) has been given a consensus rating of “Moderate Buy” by the nineteen ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $32.00.

A number of equities research analysts have weighed in on CTRA shares. Mizuho boosted their price objective on Coterra Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Susquehanna increased their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Thursday. Piper Sandler lifted their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group reduced their target price on shares of Coterra Energy from $34.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, Morgan Stanley raised their price target on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday.

Hedge Funds Weigh In On Coterra Energy

A number of large investors have recently made changes to their positions in CTRA. Central Pacific Bank Trust Division purchased a new stake in Coterra Energy during the 1st quarter worth about $44,000. Empirical Finance LLC lifted its stake in shares of Coterra Energy by 1.8% during the first quarter. Empirical Finance LLC now owns 60,368 shares of the company’s stock valued at $1,683,000 after buying an additional 1,043 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in Coterra Energy by 20.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 30,928 shares of the company’s stock worth $862,000 after acquiring an additional 5,353 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Coterra Energy by 20.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 58,974 shares of the company’s stock worth $1,644,000 after acquiring an additional 9,843 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in Coterra Energy in the 1st quarter valued at $1,390,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Coterra Energy Trading Up 0.1 %

NYSE CTRA opened at $25.44 on Friday. The firm’s fifty day moving average price is $23.86 and its 200 day moving average price is $25.50. Coterra Energy has a 12 month low of $22.30 and a 12 month high of $28.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The company has a market capitalization of $18.74 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.64 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. On average, sell-side analysts expect that Coterra Energy will post 1.53 earnings per share for the current fiscal year.

Coterra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.84 annualized dividend and a dividend yield of 3.30%. Coterra Energy’s payout ratio is currently 50.60%.

About Coterra Energy

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.