Coterra Energy Inc. (NYSE:CTRA) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Coterra Energy Inc. (NYSE:CTRA - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-one ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $33.20.

A number of research firms have weighed in on CTRA. Scotiabank reiterated an "outperform" rating on shares of Coterra Energy in a research note on Friday. Mizuho reduced their target price on Coterra Energy from $38.00 to $36.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Barclays raised their price target on Coterra Energy from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Monday, July 7th. UBS Group cut their price target on Coterra Energy from $32.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Raymond James Financial set a $38.00 price target on Coterra Energy and gave the company an "outperform" rating in a research note on Friday, June 13th.

Coterra Energy Stock Down 3.1%

Shares of CTRA opened at $24.66 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $25.22 and a 200 day moving average of $26.46. Coterra Energy has a 52-week low of $22.30 and a 52-week high of $29.95. The company has a market cap of $18.82 billion, a PE ratio of 14.34, a P/E/G ratio of 0.35 and a beta of 0.35.

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, topping analysts' consensus estimates of $0.71 by $0.09. Coterra Energy had a return on equity of 10.61% and a net margin of 21.67%. The business had revenue of $924.00 million for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm posted $0.51 earnings per share. The business's revenue was up 32.9% compared to the same quarter last year. On average, sell-side analysts expect that Coterra Energy will post 1.54 EPS for the current year.

Coterra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $0.88 annualized dividend and a yield of 3.57%. Coterra Energy's dividend payout ratio (DPR) is presently 51.16%.

Institutional Investors Weigh In On Coterra Energy

Several institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. boosted its holdings in Coterra Energy by 7.9% in the second quarter. Mather Group LLC. now owns 14,130 shares of the company's stock worth $359,000 after acquiring an additional 1,029 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Coterra Energy by 24.5% in the second quarter. Ballentine Partners LLC now owns 23,396 shares of the company's stock worth $594,000 after acquiring an additional 4,602 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Coterra Energy by 7.6% in the second quarter. Fifth Third Bancorp now owns 89,869 shares of the company's stock worth $2,281,000 after acquiring an additional 6,371 shares in the last quarter. Kwmg LLC boosted its holdings in Coterra Energy by 4.3% in the second quarter. Kwmg LLC now owns 219,627 shares of the company's stock worth $5,574,000 after acquiring an additional 9,083 shares in the last quarter. Finally, Wealth Advisory Solutions LLC acquired a new stake in Coterra Energy in the second quarter worth about $342,000. Institutional investors and hedge funds 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.

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