Coterra Energy Inc. (NYSE:CTRA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Coterra Energy Inc. (NYSE:CTRA) have been given an average recommendation of “Moderate Buy” by the twenty-one research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.42.

CTRA has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Sandler upped their price objective on shares of Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Susquehanna increased their price target on shares of Coterra Energy from $30.00 to $33.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, Mizuho increased their price target on shares of Coterra Energy from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th.

Insiders Place Their Bets

In other Coterra Energy news, SVP Kevin William Smith sold 29,643 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $26.16, for a total value of $775,460.88. Following the transaction, the senior vice president now owns 77,075 shares of the company’s stock, valued at $2,016,282. This trade represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coterra Energy

Several large investors have recently made changes to their positions in CTRA. Inspire Investing LLC increased its stake in shares of Coterra Energy by 18.9% in the third quarter. Inspire Investing LLC now owns 12,067 shares of the company’s stock valued at $289,000 after purchasing an additional 1,919 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Coterra Energy by 466.0% in the third quarter. Exchange Traded Concepts LLC now owns 8,864 shares of the company’s stock valued at $212,000 after purchasing an additional 7,298 shares during the period. SeaCrest Wealth Management LLC increased its stake in shares of Coterra Energy by 4.8% in the third quarter. SeaCrest Wealth Management LLC now owns 10,983 shares of the company’s stock valued at $263,000 after purchasing an additional 505 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Coterra Energy by 1.7% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 74,381 shares of the company’s stock valued at $1,781,000 after purchasing an additional 1,267 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in shares of Coterra Energy by 61.8% in the third quarter. V Square Quantitative Management LLC now owns 12,697 shares of the company’s stock valued at $304,000 after purchasing an additional 4,849 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Coterra Energy Stock Performance

NYSE:CTRA opened at $28.75 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.56. The firm has a 50-day moving average of $27.11 and a two-hundred day moving average of $25.34. The stock has a market cap of $21.17 billion, a P/E ratio of 17.32, a PEG ratio of 0.57 and a beta of 0.26. Coterra Energy has a 1-year low of $22.30 and a 1-year high of $29.95.

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.