The Goldman Sachs Group Reiterates "Neutral" Rating for Coterra Energy (NYSE:CTRA)

The Goldman Sachs Group restated their neutral rating on shares of Coterra Energy (NYSE:CTRA - Free Report) in a report released on Tuesday, MarketBeat reports. The firm currently has a $31.00 target price on the stock.

Other research analysts also recently issued research reports about the company. Pickering Energy Partners downgraded Coterra Energy from an "outperform" rating to a "neutral" rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. cut their target price on shares of Coterra Energy from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Susquehanna lowered their price target on shares of Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. UBS Group dropped their price objective on shares of Coterra Energy from $32.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Johnson Rice raised Coterra Energy from a "hold" rating to an "accumulate" rating and upped their target price for the company from $34.00 to $37.00 in a research note on Wednesday, March 12th. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

Coterra Energy Price Performance

Shares of CTRA traded down $0.31 during trading hours on Tuesday, reaching $25.07. The company had a trading volume of 8,169,279 shares, compared to its average volume of 6,492,590. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. Coterra Energy has a 12-month low of $22.30 and a 12-month high of $29.95. The firm has a 50 day simple moving average of $25.21 and a 200-day simple moving average of $26.41. The company has a market capitalization of $19.13 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.35 and a beta of 0.34.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.09. The company had revenue of $924.00 million during the quarter, compared to analysts' expectations of $1.92 billion. Coterra Energy had a net margin of 21.67% and a return on equity of 10.61%. The firm's quarterly revenue was up 32.9% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. Research analysts expect that Coterra Energy will post 1.54 earnings per share for the current year.

Coterra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Thursday, May 15th. Coterra Energy's dividend payout ratio (DPR) is currently 51.16%.

Institutional Investors Weigh In On Coterra Energy

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its holdings in shares of Coterra Energy by 175.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 871 shares of the company's stock worth $25,000 after purchasing an additional 555 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of 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 period. Banque Cantonale Vaudoise acquired a new position in shares of Coterra Energy during the 1st quarter valued at $29,000. Wayfinding Financial LLC acquired a new position in shares of Coterra Energy during the 1st quarter valued at $34,000. Finally, Investors Research Corp boosted its position in Coterra Energy by 45.2% during the 1st quarter. Investors Research Corp now owns 1,311 shares of the company's stock worth $38,000 after purchasing an additional 408 shares during the period. 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.