Coterra Energy (NYSE:CTRA) Given New $41.00 Price Target at Mizuho

Coterra Energy (NYSE:CTRA - Free Report) had its price objective raised by Mizuho from $37.00 to $41.00 in a research report released on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also commented on CTRA. 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 note on Friday, March 1st. Truist Financial reduced their target price on shares of Coterra Energy from $30.00 to $27.00 and set a hold rating for the company in a report on Friday, April 5th. Scotiabank upped their price target on shares of Coterra Energy from $31.00 to $35.00 and gave the stock a sector outperform rating in a research report on Thursday, April 11th. Stephens restated an overweight rating and set a $39.00 price objective on shares of Coterra Energy in a research report on Tuesday, January 23rd. Finally, Barclays started coverage on shares of Coterra Energy in a report on Wednesday, April 10th. They issued an overweight rating and a $36.00 target price for the company. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $33.00.

Coterra Energy Stock Down 0.4 %

CTRA stock traded down $0.10 during trading on Monday, hitting $27.98. 4,316,700 shares of the stock traded hands, compared to its average volume of 6,709,911. The stock has a market cap of $20.82 billion, a price-to-earnings ratio of 16.17 and a beta of 0.22. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.49 and a quick ratio of 1.46. The firm's 50 day moving average is $27.57 and its two-hundred day moving average is $26.34. 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 posted its earnings results on Thursday, February 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.06). Coterra Energy had a net margin of 23.34% and a return on equity of 10.75%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.54 billion. On average, sell-side analysts anticipate that Coterra Energy will post 1.82 EPS for the current year.

Coterra Energy Dividend Announcement

The business also recently disclosed 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Wednesday, May 15th. Coterra Energy's dividend payout ratio (DPR) is currently 48.55%.

Insider Buying and Selling

In other news, VP Michael D. Deshazer sold 14,000 shares of the company's stock in a transaction dated Friday, March 1st. The shares were 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 in the company, valued at $2,449,327.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Coterra Energy news, CAO Todd M. Roemer sold 55,000 shares of the 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 directly owns 176,758 shares of the company's stock, valued at approximately $4,783,071.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 completion of the transaction, the vice president now directly owns 93,988 shares of the company's stock, valued at approximately $2,449,327.28. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coterra Energy

Several hedge funds have recently modified their holdings of CTRA. Balyasny Asset Management L.P. acquired a new position in Coterra Energy during the fourth quarter worth $54,625,000. SG Americas Securities LLC raised its position in shares of Coterra Energy by 2,609.6% during the 1st quarter. SG Americas Securities LLC now owns 1,541,342 shares of the company's stock worth $42,973,000 after purchasing an additional 1,484,458 shares during the last quarter. Schroder Investment Management Group lifted its stake in Coterra Energy by 21.7% in the 3rd quarter. Schroder Investment Management Group now owns 7,187,516 shares of the company's stock valued at $194,422,000 after buying an additional 1,281,094 shares in the last quarter. Bridgewater Associates LP acquired a new stake in Coterra Energy in the 4th quarter worth about $31,112,000. Finally, Clearbridge Investments LLC purchased a new stake in Coterra Energy during the 1st quarter worth approximately $28,967,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

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.