Roth Capital Lowers Coterra Energy (NYSE:CTRA) Price Target to $26.00

Key Points

• Roth Capital has **lowered the price target** for Coterra Energy (NYSE:CTRA) from **$27.00 to $26.00**, while maintaining a **"buy" rating** on the stock.
• Several analysts have issued varying opinions on Coterra Energy, with **Mizuho** lowering its target from **$36.00 to $33.00** and **Piper Sandler** raising it from **$37.00 to $39.00**.
• Coterra Energy reported **$1.97 billion** in revenue for the last quarter, notably above analysts' estimates, and is projected to have an **EPS of 1.54** for the current fiscal year.

Coterra Energy (NYSE:CTRA - Get Free Report) had its target price lowered by research analysts at Roth Capital from $27.00 to $26.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has a "buy" rating on the stock. Roth Capital's price objective would indicate a potential upside of 10.53% from the stock's current price.

Several other research analysts have also recently weighed in on the stock. Mizuho dropped their price objective on shares of Coterra Energy from $36.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday, September 15th. Piper Sandler boosted their price objective on shares of Coterra Energy from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Barclays dropped their target price on shares of Coterra Energy from $37.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, October 7th. UBS Group dropped their target price on shares of Coterra Energy from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $31.00 target price on shares of Coterra Energy in a research report on Tuesday, July 1st. Sixteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Coterra Energy Stock Up 1.3%

NYSE CTRA opened at $23.52 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29. The stock's 50 day moving average is $23.87 and its two-hundred day moving average is $24.70. The company has a market capitalization of $17.95 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 0.33 and a beta of 0.29. Coterra Energy has a 1-year low of $22.46 and a 1-year high of $29.95.

Coterra Energy (NYSE:CTRA - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.02). Coterra Energy had a net margin of 23.80% and a return on equity of 10.99%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm posted $0.37 EPS. The business's revenue was up 54.6% on a year-over-year basis. Equities analysts forecast that Coterra Energy will post 1.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coterra Energy

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its stake in Coterra Energy by 7.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 123,054 shares of the company's stock valued at $3,577,000 after purchasing an additional 8,726 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Coterra Energy in the 1st quarter valued at about $233,000. Truist Financial Corp raised its holdings in Coterra Energy by 165.3% in the 2nd quarter. Truist Financial Corp now owns 4,213,315 shares of the company's stock valued at $106,934,000 after acquiring an additional 2,625,126 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Coterra Energy by 15.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 785,835 shares of the company's stock valued at $19,944,000 after acquiring an additional 104,999 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Coterra Energy by 9.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 251,726 shares of the company's stock valued at $7,275,000 after acquiring an additional 21,733 shares during the period. Institutional investors 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.

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