Coterra Energy (NYSE:CTRA) Price Target Raised to $46.00

Coterra Energy (NYSE:CTRA) had its price objective increased by Wolfe Research from $45.00 to $46.00 in a report issued on Monday morning,MarketScreener reports. They currently have an outperform rating on the stock.

Several other analysts have also recently commented on CTRA. Texas Capital cut shares of Coterra Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Roth Mkm set a $28.00 price target on shares of Coterra Energy and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Zacks Research upgraded shares of Coterra Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Capital One Financial boosted their target price on shares of Coterra Energy from $37.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, March 25th. Finally, UBS Group boosted their target price on shares of Coterra Energy from $33.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.43.

Coterra Energy Stock Down 4.2%

Shares of CTRA stock opened at $33.45 on Monday. The stock has a market cap of $25.40 billion, a P/E ratio of 14.67, a PEG ratio of 0.61 and a beta of 0.29. Coterra Energy has a 52 week low of $22.33 and a 52 week high of $36.88. 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 company’s fifty day simple moving average is $32.02 and its two-hundred day simple moving average is $27.65.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were issued a $0.22 dividend. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. Coterra Energy’s payout ratio is 38.60%.

Institutional Trading of Coterra Energy

Large investors have recently made changes to their positions in the business. Fideuram Asset Management Ireland dac bought a new stake in shares of Coterra Energy in the 4th quarter worth about $27,000. GoalVest Advisory LLC bought a new position in Coterra Energy during the 4th quarter valued at about $28,000. Winnow Wealth LLC bought a new position in Coterra Energy during the 3rd quarter valued at about $29,000. City Holding Co. grew its holdings in Coterra Energy by 144.4% during the 4th quarter. City Holding Co. now owns 1,222 shares of the company’s stock valued at $32,000 after purchasing an additional 722 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Coterra Energy during the 3rd quarter valued at about $29,000. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Company Profile

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.