Coterra Energy (NYSE:CTRA) Given “Sector Perform” Rating at Scotiabank

Coterra Energy (NYSE:CTRA)‘s stock had its “sector perform” rating reiterated by Scotiabank in a note issued to investors on Tuesday,Benzinga reports. They currently have a $31.00 target price on the stock. Scotiabank’s target price would indicate a potential upside of 11.36% from the company’s current price.

CTRA has been the subject of a number of other research reports. Zacks Research lowered shares of Coterra Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Barclays cut their price target on Coterra Energy from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Wolfe Research increased their price objective on Coterra Energy from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Roth Mkm lifted their target price on shares of Coterra Energy from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, William Blair started coverage on shares of Coterra Energy in a research note on Wednesday, November 26th. They set an “outperform” rating and a $36.00 price target on the stock. Fifteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Coterra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $32.81.

Coterra Energy Stock Down 3.5%

NYSE:CTRA opened at $27.84 on Tuesday. The business’s fifty day moving average price is $26.34 and its 200 day moving average price is $24.93. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 0.69 and a beta of 0.36. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Coterra Energy has a 1-year low of $22.33 and a 1-year high of $29.82.

Coterra Energy (NYSE:CTRA) last released its earnings results on Monday, November 3rd. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.02). The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Coterra Energy had a net margin of 23.25% and a return on equity of 11.23%. The company’s revenue was up 33.7% compared to the same quarter last year. During the same period last year, the firm earned $0.32 EPS. On average, sell-side analysts forecast that Coterra Energy will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coterra Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its stake in Coterra Energy by 67.0% during the 3rd quarter. QRG Capital Management Inc. now owns 143,188 shares of the company’s stock worth $3,386,000 after buying an additional 57,461 shares during the period. State of Michigan Retirement System increased its holdings in shares of Coterra Energy by 5.8% in the second quarter. State of Michigan Retirement System now owns 244,459 shares of the company’s stock worth $6,204,000 after acquiring an additional 13,500 shares in the last quarter. Summit Global Investments acquired a new stake in shares of Coterra Energy during the third quarter worth about $1,086,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Coterra Energy by 36.2% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 830,392 shares of the company’s stock valued at $19,639,000 after purchasing an additional 220,688 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its position in shares of Coterra Energy by 30.1% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 294,598 shares of the company’s stock valued at $7,486,000 after purchasing an additional 68,100 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

More Coterra Energy News

Here are the key news stories impacting Coterra Energy this week:

• Positive Sentiment: Combination creates a large‑cap shale operator with a stronger Delaware Basin footprint and operational scale that could drive cost synergies and higher free cash flow potential. Devon Energy and Coterra Energy to Combine, Creating a Premier Shale Operator
• Positive Sentiment: Deal scale (reported at about $58B including debt) positions the merged firm as a top independent U.S. shale producer, which can improve market access and valuation multiples for the combined entity. US shale producers Devon and Coterra to merge in a $58 billion deal
• Positive Sentiment: Large shareholder Kimmeridge publicly supports the transaction, reducing near‑term activist friction and improving the odds the deal clears shareholder votes. KIMMERIDGE COMMENTS ON PROPOSED MERGER OF COTERRA AND DEVON
• Neutral Sentiment: Management held an M&A call and provided integration and synergy commentary; investors should review the call transcript for guidance on expected cost saves and timeline. Coterra Energy Inc. (CTRA) M&A Call Transcript
• Neutral Sentiment: Analysts and value investors are re‑assessing CTRA’s valuation and long‑term returns in light of the merger — expect revisions to estimates and coverage as pro forma financials emerge. Assessing Coterra Energy (CTRA) Valuation After Recent Share Price Momentum And Long Term Returns
• Negative Sentiment: Multiple shareholder law firms have launched investigations alleging potential breaches of fiduciary duty and unfair pricing (several separate alerts/filings), creating legal overhang and execution risk for shareholders. SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Coterra Energy, Inc. (NYSE: CTRA)
• Negative Sentiment: Short‑term selling pressure followed the announcement as investors reacted to deal specifics and fairness concerns; keep an eye on the exchange ratio disclosures and any formal challenges that could delay or alter terms. Devon Energy and Coterra Energy stock falls on merger announcement

About Coterra Energy

Coterra Energy (NYSE: CTRA) is an independent oil and natural gas exploration and production company focused on the development, production and optimization of onshore hydrocarbon resources in the United States. The company’s operations center on the exploration, drilling, completion and production of crude oil, natural gas and natural gas liquids (NGLs), with an emphasis on maximizing operational efficiency and capital discipline across its asset base.

Its business activities include identifying and developing resource-rich acreage, operating producing wells, managing reservoir performance and marketing produced hydrocarbons to a range of midstream and energy customers.