Mizuho Has Lowered Expectations for Coterra Energy (NYSE:CTRA) Stock Price

Coterra Energy (NYSE:CTRA - Get Free Report) had its price objective lowered by equities research analysts at Mizuho from $38.00 to $36.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Mizuho's price objective suggests a potential upside of 46.22% from the company's previous close.

Several other analysts have also commented on the company. Scotiabank decreased their price target on Coterra Energy from $38.00 to $33.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Barclays decreased their price objective on Coterra Energy from $37.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Susquehanna reduced their target price on Coterra Energy from $34.00 to $32.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group raised their price target on shares of Coterra Energy from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, Williams Trading set a $37.00 price target on shares of Coterra Energy in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

Coterra Energy Price Performance

Shares of NYSE CTRA traded down $0.07 during trading on Tuesday, hitting $24.62. 603,352 shares of the company were exchanged, compared to its average volume of 7,051,043. The company has a market cap of $18.79 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.59 and a beta of 0.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. Coterra Energy has a 1 year low of $22.30 and a 1 year high of $29.95. The firm's fifty day moving average price is $26.18 and its 200 day moving average price is $26.37.

Coterra Energy (NYSE:CTRA - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate 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 return on equity of 9.38% and a net margin of 21.91%. The business's revenue was up 32.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. On average, sell-side analysts expect that Coterra Energy will post 1.54 earnings per share for the current fiscal year.

Insider Transactions at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $29.09, for a total transaction of $748,572.97. Following the transaction, the senior vice president now owns 106,114 shares of the company's stock, valued at approximately $3,086,856.26. This trade represents a 19.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael D. Deshazer sold 35,377 shares of Coterra Energy stock in a transaction on Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the sale, the senior vice president now owns 126,770 shares in the company, valued at $3,374,617.40. This represents a 21.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.

Institutional Trading of Coterra Energy

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Coterra Energy by 4.3% in the first quarter. Vanguard Group Inc. now owns 92,337,673 shares of the company's stock worth $2,668,559,000 after purchasing an additional 3,818,700 shares during the last quarter. Wellington Management Group LLP raised its position in Coterra Energy by 15.3% during the first quarter. Wellington Management Group LLP now owns 83,631,117 shares of the company's stock valued at $2,416,939,000 after purchasing an additional 11,102,350 shares during the period. Charles Schwab Investment Management Inc. raised its position in Coterra Energy by 7.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,304,940 shares of the company's stock valued at $731,313,000 after purchasing an additional 1,837,614 shares in the last quarter. Geode Capital Management LLC grew its stake in Coterra Energy by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 19,096,761 shares of the company's stock valued at $486,528,000 after purchasing an additional 96,059 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Coterra Energy by 5.7% during the first quarter. Victory Capital Management Inc. now owns 18,828,688 shares of the company's stock valued at $544,149,000 after acquiring an additional 1,019,995 shares during the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

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.