Mizuho Increases Coterra Energy (NYSE:CTRA) Price Target to $37.00

Coterra Energy (NYSE:CTRA - Get Free Report) had its price objective upped by investment analysts at Mizuho from $34.00 to $37.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Mizuho's price objective suggests a potential upside of 31.25% from the company's previous close.

CTRA has been the subject of a number of other reports. UBS Group raised their price target on Coterra Energy from $31.00 to $32.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Truist Financial decreased their price target on Coterra Energy from $30.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, April 5th. Raymond James lifted their target price on Coterra Energy from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Wednesday, January 24th. Piper Sandler lifted their target price on Coterra Energy from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Friday, April 19th. Finally, Bank of America raised Coterra Energy from a "neutral" rating to a "buy" rating and set a $31.00 target price for the company in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.67.

Coterra Energy Trading Up 3.8 %

Shares of Coterra Energy stock traded up $1.03 on Friday, reaching $28.19. The company had a trading volume of 11,385,949 shares, compared to its average volume of 6,791,417. The firm has a market cap of $21.19 billion, a price-to-earnings ratio of 13.17 and a beta of 0.22. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.21 and a quick ratio of 1.18. The firm's 50-day moving average price is $27.30 and its two-hundred day moving average price is $26.40. Coterra Energy has a 1 year low of $22.91 and a 1 year high of $29.89.

Coterra Energy (NYSE:CTRA - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.06). Coterra Energy had a return on equity of 12.97% and a net margin of 27.48%. The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.54 billion. As a group, research analysts predict that Coterra Energy will post 1.82 earnings per share for the current fiscal year.

Insider Transactions at Coterra Energy

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

Institutional Investors Weigh In On Coterra Energy

Large investors have recently made changes to their positions in the stock. SouthState Corp grew its position in Coterra Energy by 75.4% in the third quarter. SouthState Corp now owns 1,056 shares of the company's stock worth $29,000 after acquiring an additional 454 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in shares of Coterra Energy during the fourth quarter worth $33,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Coterra Energy during the fourth quarter worth $33,000. VisionPoint Advisory Group LLC boosted its position 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 period. Finally, Headlands Technologies LLC boosted its position 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 during the period. 87.92% of the stock is currently owned by hedge funds and other 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.