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

Key Points

• Coterra Energy Inc. (NYSE:CTRA) has received a consensus rating of “Moderate Buy” from 22 brokerage firms, with one firm recommending sell, five hold, and sixteen buy ratings.
• The average 12-month target price for Coterra Energy shares is $32.60, with recent price target adjustments from various analysts indicating a trend of reduced expectations.
• Coterra Energy recently announced a quarterly dividend of $0.22 per share, reflecting a 3.7% dividend yield and a payout ratio of 42.11%.

Shares of Coterra Energy Inc. (NYSE:CTRA - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-two ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $32.60.

CTRA has been the subject of several research analyst reports. Mizuho decreased their target price on Coterra Energy from $36.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday, September 15th. Barclays reduced their price target on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, October 7th. UBS Group lowered their price objective on shares of Coterra Energy from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their target price on shares of Coterra Energy from $33.00 to $35.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Finally, Roth Capital lowered their price target on shares of Coterra Energy from $27.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, October 15th.

Coterra Energy Stock Performance

Shares of Coterra Energy stock opened at $23.75 on Friday. Coterra Energy has a 52 week low of $22.33 and a 52 week high of $29.95. The company has a quick ratio of 1.08, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $23.75 and a 200-day moving average price of $24.52. The company has a market cap of $18.12 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.36 and a beta of 0.29.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the business earned $0.37 earnings per share. The firm's revenue for the quarter was up 54.6% on a year-over-year basis. Equities analysts anticipate that Coterra Energy will post 1.54 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $0.22 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.7%. Coterra Energy's payout ratio is presently 42.11%.

Institutional Investors Weigh In On Coterra Energy

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Coterra Energy by 95.8% in the first quarter. GAMMA Investing LLC now owns 23,421 shares of the company's stock worth $677,000 after purchasing an additional 11,459 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Coterra Energy by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,425 shares of the company's stock worth $1,486,000 after buying an additional 1,037 shares during the period. PFG Investments LLC purchased a new position in Coterra Energy in the 1st quarter valued at approximately $236,000. Asset Management One Co. Ltd. raised its holdings in Coterra Energy by 2.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 308,617 shares of the company's stock valued at $8,919,000 after acquiring an additional 8,600 shares during the period. Finally, Daymark Wealth Partners LLC lifted its position in shares of Coterra Energy by 17.4% during the first quarter. Daymark Wealth Partners LLC now owns 61,643 shares of the company's stock worth $1,781,000 after acquiring an additional 9,118 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.

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