Susquehanna Increases Coterra Energy (NYSE:CTRA) Price Target to $33.00

Coterra Energy (NYSE:CTRA - Free Report) had its price target increased by Susquehanna from $32.00 to $33.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a positive rating on the stock.

CTRA has been the subject of several other research reports. Piper Sandler raised their price objective on shares of Coterra Energy from $35.00 to $37.00 and gave the company an overweight rating in a research note on Friday, April 19th. Raymond James upped their price objective on Coterra Energy from $32.00 to $34.00 and gave the stock an outperform rating in a research report on Wednesday, January 24th. Morgan Stanley upped their price objective on Coterra Energy from $26.00 to $29.00 and gave the stock an equal weight rating in a research report on Wednesday, April 17th. UBS Group upped their price objective on Coterra Energy from $31.00 to $32.00 and gave the stock a buy rating in a research report on Friday, March 1st. Finally, JPMorgan Chase & Co. upped their price objective on Coterra Energy from $29.00 to $30.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Coterra Energy presently has a consensus rating of Moderate Buy and a consensus target price of $32.73.

Coterra Energy Trading Down 1.0 %

Shares of CTRA stock traded down $0.27 on Tuesday, hitting $28.08. 6,189,873 shares of the stock traded hands, compared to its average volume of 6,785,378. The firm's 50-day moving average price is $27.39 and its two-hundred day moving average price is $26.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 0.89. The stock has a market capitalization of $21.11 billion, a PE ratio of 16.23 and a beta of 0.22. Coterra Energy has a twelve month low of $22.91 and a twelve month high of $29.89.

Coterra Energy (NYSE:CTRA - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.54 billion. Coterra Energy had a return on equity of 10.75% and a net margin of 23.34%. As a group, analysts anticipate that Coterra Energy will post 1.82 EPS for the current year.

Coterra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.84 annualized dividend and a yield of 2.99%. Coterra Energy's dividend payout ratio is currently 48.55%.

Insider Activity at Coterra Energy

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

Institutional Investors Weigh In On Coterra Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SouthState Corp increased its stake in Coterra Energy by 75.4% in the 3rd quarter. SouthState Corp now owns 1,056 shares of the company's stock valued at $29,000 after buying an additional 454 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in Coterra Energy during the fourth quarter worth about $33,000. VisionPoint Advisory Group LLC raised its holdings in 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 purchasing an additional 740 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in Coterra Energy in the fourth quarter valued at about $33,000. Finally, Central Pacific Bank Trust Division acquired a new position in Coterra Energy during the 1st quarter worth approximately $44,000. 87.92% of the stock is 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.