Coterra Energy's (CTRA) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Coterra Energy (CTRA) maintains a "hold (c)" rating from Weiss Ratings, with a consensus rating of "Moderate Buy" among analysts.
• Multiple analysts have adjusted their price targets for Coterra Energy, with current estimates ranging from $31.00 to $39.00, reflecting an average target of $33.22.
• The company reported $0.48 earnings per share in its latest quarterly results, falling short of the analysts' expected $0.50 but showing revenue growth of 54.6% year-over-year.

Coterra Energy (NYSE:CTRA - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on CTRA. Mizuho cut their price target on Coterra Energy from $36.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, September 15th. JPMorgan Chase & Co. increased their price target on Coterra Energy from $33.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday. Piper Sandler raised their price objective on Coterra Energy from $37.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Wells Fargo & Company raised their price objective on Coterra Energy from $32.00 to $33.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $31.00 target price on shares of Coterra Energy in a report on Tuesday, July 1st. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.22.

Coterra Energy Trading Down 1.2%

NYSE:CTRA traded down $0.29 during trading hours on Wednesday, hitting $24.24. 18,155,840 shares of the stock were exchanged, compared to its average volume of 8,800,208. The company's 50 day moving average is $23.94 and its two-hundred day moving average is $24.89. Coterra Energy has a twelve month low of $22.46 and a twelve month 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 company has a market capitalization of $18.50 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 0.35 and a beta of 0.29.

Coterra Energy (NYSE:CTRA - Get Free Report) last posted 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). The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.78 billion. Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The business's revenue for the quarter was up 54.6% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. On average, sell-side analysts anticipate that Coterra Energy will post 1.54 earnings per share for the current fiscal year.

Institutional Trading of Coterra Energy

A number of hedge funds and other institutional investors have recently modified their holdings of CTRA. Partnership Wealth Management LLC boosted its position in Coterra Energy by 14.3% during the third quarter. Partnership Wealth Management LLC now owns 50,479 shares of the company's stock valued at $1,194,000 after acquiring an additional 6,312 shares during the last quarter. Kwmg LLC raised its holdings in shares of Coterra Energy by 6.3% in the 3rd quarter. Kwmg LLC now owns 233,536 shares of the company's stock worth $5,523,000 after acquiring an additional 13,909 shares during the last quarter. Czech National Bank raised its holdings in shares of Coterra Energy by 3.9% in the 3rd quarter. Czech National Bank now owns 193,822 shares of the company's stock worth $4,584,000 after acquiring an additional 7,254 shares during the last quarter. Oak Thistle LLC increased its stake in Coterra Energy by 29.7% in the 3rd quarter. Oak Thistle LLC now owns 49,362 shares of the company's stock valued at $1,167,000 after buying an additional 11,303 shares during the last quarter. Finally, City Center Advisors LLC increased its stake in Coterra Energy by 147.6% in the 3rd quarter. City Center Advisors LLC now owns 19,601 shares of the company's stock valued at $464,000 after buying an additional 11,686 shares during the last quarter. 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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