Barclays Lowers Coterra Energy (NYSE:CTRA) Price Target to $35.00

Coterra Energy (NYSE:CTRA - Get Free Report) had its price target reduced by Barclays from $37.00 to $35.00 in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would suggest a potential upside of 49.57% from the company's current price.

Several other research firms have also recently commented on CTRA. The Goldman Sachs Group boosted their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Johnson Rice raised shares of Coterra Energy from a "hold" rating to an "accumulate" rating and raised their target price for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. Jefferies Financial Group boosted their price target on shares of Coterra Energy from $26.00 to $28.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Truist Financial lifted their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, Bank of America dropped their target price on Coterra Energy from $34.00 to $33.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Coterra Energy has a consensus rating of "Moderate Buy" and a consensus price target of $33.75.

Coterra Energy Trading Up 1.2 %

CTRA traded up $0.28 on Tuesday, hitting $23.40. The company had a trading volume of 5,653,311 shares, compared to its average volume of 6,334,114. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The firm has a market cap of $17.88 billion, a P/E ratio of 14.10, a PEG ratio of 0.59 and a beta of 0.33. The company's fifty day moving average price is $26.30 and its 200 day moving average price is $26.37. Coterra Energy has a 1 year low of $22.30 and a 1 year high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.09. Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The company had revenue of $924.00 million during the quarter, compared to the consensus estimate of $1.92 billion. During the same period in the previous year, the company posted $0.51 EPS. Coterra Energy's revenue was up 32.9% compared to the same quarter last year. As a group, equities analysts expect that Coterra Energy will post 1.54 earnings per share for the current year.

Insider Buying and Selling at Coterra Energy

In other Coterra Energy news, SVP Kevin William Smith sold 25,733 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the transaction, the senior vice president now owns 106,114 shares in the company, valued at approximately $3,086,856.26. The trade was a 19.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $26.62, for a total value of $941,735.74. Following the completion of the sale, the senior vice president now directly owns 126,770 shares of the company's stock, valued at $3,374,617.40. This represents a 21.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC increased its holdings in shares of Coterra Energy by 175.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 871 shares of the company's stock valued at $25,000 after purchasing an additional 555 shares in the last quarter. City State Bank purchased a new stake in shares of Coterra Energy during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. raised its holdings in Coterra Energy by 463.5% in the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company's stock valued at $26,000 after acquiring an additional 737 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company's stock worth $29,000 after purchasing an additional 744 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Coterra Energy during the first quarter worth $29,000. Hedge funds and other institutional investors own 87.92% of the company's stock.

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.