Coterra Energy (NYSE:CTRA) Given New $37.00 Price Target at UBS Group

Coterra Energy (NYSE:CTRA) had its price target increased by UBS Group from $35.00 to $37.00 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently weighed in on CTRA. Truist Financial upped their target price on Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Piper Sandler increased their price target on Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. The Goldman Sachs Group raised their price objective on shares of Coterra Energy from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens boosted their price target on Coterra Energy from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Barclays raised their price target on shares of Coterra Energy from $33.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.42.

Coterra Energy Stock Up 0.2 %

Shares of NYSE:CTRA opened at $27.61 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy has a 1 year low of $22.30 and a 1 year high of $29.95. The stock has a 50-day simple moving average of $26.77 and a 200-day simple moving average of $25.23. The stock has a market capitalization of $20.34 billion, a P/E ratio of 16.63, a PEG ratio of 0.56 and a beta of 0.26.

Insider Activity

In other news, SVP Kevin William Smith sold 29,643 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $26.16, for a total transaction of $775,460.88. Following the completion of the sale, the senior vice president now directly owns 77,075 shares of the company’s stock, valued at $2,016,282. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Adam M. Vela sold 16,435 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.76, for a total transaction of $439,800.60. Following the completion of the transaction, the senior vice president now owns 72,409 shares of the company’s stock, valued at approximately $1,937,664.84. The trade was a 18.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Coterra Energy

Hedge funds have recently bought and sold shares of the business. City State Bank purchased a new stake in Coterra Energy in the 4th quarter worth approximately $26,000. AdvisorNet Financial Inc raised its holdings in shares of Coterra Energy by 192.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after purchasing an additional 744 shares in the last quarter. MCF Advisors LLC lifted its position in shares of Coterra Energy by 230.5% in the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after buying an additional 869 shares during the last quarter. R Squared Ltd acquired a new stake in Coterra Energy in the 4th quarter worth approximately $32,000. Finally, Plato Investment Management Ltd acquired a new stake in shares of Coterra Energy in the fourth quarter worth $43,000. 87.92% of the stock is owned by hedge funds and other institutional investors.

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.