Coterra Energy (NYSE:CTRA) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Coterra Energy's stock has been given a "hold (c)" rating by Weiss Ratings, indicating a neutral stance on the stock.
• Analysts have recently adjusted their price targets for Coterra Energy, with ranges now between $26.00 and $35.00, while the average consensus price target is noted at $32.60.
• Coterra Energy's recent quarterly earnings report showed $1.97 billion in revenue, exceeding estimates, despite recording an EPS of $0.48 which was below the consensus estimate of $0.50.

Coterra Energy (NYSE:CTRA - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

A number of other analysts have also commented on the stock. Stephens reduced their price target on shares of Coterra Energy from $34.00 to $33.00 and set an "overweight" rating for the company in a research note on Tuesday. Barclays reduced their target price on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, October 7th. Roth Capital decreased their target price on shares of Coterra Energy from $27.00 to $26.00 and set a "buy" rating on the stock in a research note on Wednesday, October 15th. The Goldman Sachs Group dropped their price target on shares of Coterra Energy from $30.00 to $29.00 and set a "neutral" rating for the company in a research report on Wednesday, October 15th. Finally, Morgan Stanley decreased their price objective on shares of Coterra Energy from $29.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 14th. Sixteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.60.

Coterra Energy Stock Down 0.7%

Shares of CTRA stock traded down $0.16 during mid-day trading on Friday, hitting $23.58. The company's stock had a trading volume of 7,102,332 shares, compared to its average volume of 10,983,995. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.36 and a beta of 0.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.13. Coterra Energy has a 52-week low of $22.33 and a 52-week high of $29.95. The business has a 50-day moving average price of $23.74 and a 200 day moving average price of $24.51.

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

Institutional Investors Weigh In On Coterra Energy

Several large investors have recently made changes to their positions in CTRA. Cornerstone Planning Group LLC boosted its stake in Coterra Energy by 175.6% during the first quarter. Cornerstone Planning Group LLC now owns 871 shares of the company's stock valued at $25,000 after buying an additional 555 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Coterra Energy by 463.5% during the 1st quarter. Raleigh Capital Management Inc. now owns 896 shares of the company's stock worth $26,000 after acquiring an additional 737 shares in the last quarter. Bogart Wealth LLC purchased a new position in shares of Coterra Energy in the second quarter valued at $26,000. REAP Financial Group LLC grew its holdings in shares of Coterra Energy by 190.1% in the second quarter. REAP Financial Group LLC now owns 1,108 shares of the company's stock valued at $28,000 after purchasing an additional 726 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in Coterra Energy during the first quarter valued at $29,000. 87.92% of the stock is owned by institutional investors.

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.

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