Coterra Energy (NYSE:CTRA) PT Raised to $32.00 at Susquehanna

Coterra Energy (NYSE:CTRA - Free Report) had its price target hoisted by Susquehanna from $30.00 to $32.00 in a report published on Monday morning, Benzinga reports. The firm currently has a positive rating on the stock.

Other research analysts have also recently issued reports about the company. Scotiabank increased their price target on Coterra Energy from $31.00 to $35.00 and gave the company a sector outperform rating in a research report on Thursday, April 11th. Piper Sandler raised their target price on shares of Coterra Energy from $35.00 to $37.00 and gave the company an overweight rating in a research note on Friday. UBS Group upped their price target on shares of Coterra Energy from $31.00 to $32.00 and gave the stock a buy rating in a research report on Friday, March 1st. Barclays initiated coverage on shares of Coterra Energy in a research report on Wednesday, April 10th. They issued an overweight rating and a $36.00 price objective for the company. Finally, Morgan Stanley upped their target price on shares of Coterra Energy from $26.00 to $29.00 and gave the company an equal weight rating in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $32.47.

Coterra Energy Stock Up 0.7 %

Shares of NYSE:CTRA traded up $0.20 during midday trading on Monday, reaching $27.95. 5,310,048 shares of the company were exchanged, compared to its average volume of 6,894,615. The firm has a market cap of $21.01 billion, a PE ratio of 13.06 and a beta of 0.21. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. Coterra Energy has a fifty-two week low of $22.91 and a fifty-two week high of $29.89. The stock has a fifty day simple moving average of $26.71 and a two-hundred day simple moving average of $26.39.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.06). Coterra Energy had a net margin of 27.48% and a return on equity of 12.97%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. As a group, sell-side analysts forecast that Coterra Energy will post 1.93 earnings per share for the current year.

Coterra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Coterra Energy's previous quarterly dividend of $0.20. Coterra Energy's payout ratio is presently 39.25%.

Insider Buying and Selling

In related news, CAO Todd M. Roemer sold 55,000 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $27.06, for a total value of $1,488,300.00. Following the completion of the sale, the chief accounting officer now directly owns 176,758 shares in the company, valued at $4,783,071.48. The sale was disclosed in a filing with the SEC, which is available at this link. In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $27.06, for a total transaction of $1,488,300.00. Following the sale, the chief accounting officer now directly owns 176,758 shares in the company, valued at $4,783,071.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Michael D. Deshazer sold 14,000 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $26.06, for a total transaction of $364,840.00. Following the completion of the transaction, the vice president now owns 93,988 shares of the company's stock, valued at $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Coterra Energy

A number of institutional investors have recently modified their holdings of CTRA. SouthState Corp raised its stake in Coterra Energy by 75.4% during the third quarter. SouthState Corp now owns 1,056 shares of the company's stock worth $29,000 after acquiring an additional 454 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in Coterra Energy in the 4th quarter valued at approximately $33,000. Tennessee Valley Asset Management Partners acquired a new stake in Coterra Energy in the fourth quarter valued at approximately $33,000. VisionPoint Advisory Group LLC grew its stake in shares of Coterra Energy by 133.3% during the third quarter. VisionPoint Advisory Group LLC now owns 1,295 shares of the company's stock worth $35,000 after buying an additional 740 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of Coterra Energy by 397.7% during the fourth quarter. Headlands Technologies LLC now owns 1,742 shares of the company's stock worth $44,000 after buying an additional 1,392 shares in the last quarter. Institutional investors and hedge funds 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.