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

Key Points

• Analysts have assigned Coterra Energy (NYSE:CTRA) a consensus recommendation of Moderate Buy from 26 brokerages (16 Buy, 10 Hold) with an average 12‑month price target of $36.83.
• Shares opened at $31.99 and trade in a one‑year range of $22.33–$36.88; the company has a market cap of $24.29B, a PE of 14.03, and pays a quarterly dividend of $0.22 (annualized $0.88) for a yield of 2.8% (DPR 38.6%).
• Recent analyst moves are mixed but mostly constructive: Raymond James raised its target to $41 and Barclays to $37 (Susquehanna to $34), while JPMorgan trimmed its target to $31.

Shares of Coterra Energy Inc. (NYSE:CTRA - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-six brokerages that are covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $36.8261.

Several research firms have recently commented on CTRA. Raymond James Financial upped their price target on shares of Coterra Energy from $34.00 to $41.00 in a research report on Monday, March 9th. Scotiabank raised shares of Coterra Energy to a "hold" rating in a research note on Friday, March 27th. Susquehanna upped their target price on shares of Coterra Energy from $32.00 to $34.00 and gave the stock a "positive" rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Coterra Energy from $34.00 to $31.00 and set an "overweight" rating on the stock in a research note on Monday, January 12th. Finally, Barclays lifted their price target on Coterra Energy from $34.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, March 16th.

Coterra Energy Price Performance

Shares of NYSE CTRA opened at $31.99 on Friday. Coterra Energy has a 1-year low of $22.33 and a 1-year high of $36.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.19 and a quick ratio of 1.16. The business's fifty day moving average price is $32.43 and its two-hundred day moving average price is $27.99. The firm has a market capitalization of $24.29 billion, a PE ratio of 14.03, a P/E/G ratio of 0.51 and a beta of 0.29.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, March 11th. Coterra Energy's dividend payout ratio (DPR) is currently 38.60%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fideuram Asset Management Ireland dac bought a new position in shares of Coterra Energy in the fourth quarter worth $27,000. GoalVest Advisory LLC bought a new stake in shares of Coterra Energy during the fourth quarter valued at about $28,000. Winnow Wealth LLC bought a new stake in shares of Coterra Energy during the third quarter valued at about $29,000. City Holding Co. lifted its holdings in Coterra Energy by 144.4% in the fourth quarter. City Holding Co. now owns 1,222 shares of the company's stock worth $32,000 after purchasing an additional 722 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in Coterra Energy in the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 87.92% of the company's stock.

Coterra Energy Company Profile

Coterra Energy NYSE: CTRA is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.

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