Coterra Energy (NYSE:CTRA) Downgraded to “Hold” Rating by Texas Capital

Coterra Energy (NYSE:CTRA) was downgraded by equities researchers at Texas Capital from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on CTRA. Johnson Rice lowered their price target on Coterra Energy from $38.00 to $37.00 in a report on Friday, December 5th. Jefferies Financial Group raised their price objective on Coterra Energy from $26.00 to $28.00 in a research note on Monday. TD Cowen decreased their price objective on shares of Coterra Energy from $33.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Raymond James Financial boosted their target price on shares of Coterra Energy from $34.00 to $41.00 in a research note on Monday. Finally, Susquehanna increased their target price on shares of Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a report on Tuesday, February 3rd. Fifteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.00.

Coterra Energy Trading Up 0.4%

Shares of NYSE CTRA opened at $31.16 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.19 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $28.61 and its two-hundred day moving average price is $26.16. Coterra Energy has a 52-week low of $22.33 and a 52-week high of $32.67. The stock has a market capitalization of $23.66 billion, a P/E ratio of 13.67, a PEG ratio of 0.77 and a beta of 0.37.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac acquired a new stake in Coterra Energy in the fourth quarter worth $27,000. GoalVest Advisory LLC acquired a new position in shares of Coterra Energy during the fourth quarter valued at $28,000. Winnow Wealth LLC acquired a new position in shares of Coterra Energy during the third quarter valued at $29,000. Atlantic Union Bankshares Corp bought a new position in shares of Coterra Energy during the third quarter worth about $29,000. Finally, Triumph Capital Management bought a new position in shares of Coterra Energy during the third quarter worth about $31,000. 87.92% of the stock is currently owned by institutional investors.

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.