Coterra Energy (NYSE:CTRA) Stock Price Expected to Rise, Susquehanna Analyst Says

Coterra Energy (NYSE:CTRA) had its target price hoisted by Susquehanna from $30.00 to $33.00 in a report issued on Thursday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other research analysts have also issued reports on the company. Scotiabank decreased their target price on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Barclays decreased their target price on Coterra Energy from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Piper Sandler reiterated an “overweight” rating and issued a $32.00 target price (up from $31.00) on shares of Coterra Energy in a report on Monday, November 4th. Mizuho lifted their target price on Coterra Energy from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company decreased their target price on Coterra Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.24.

Coterra Energy Trading Up 0.4 %

CTRA stock traded up $0.10 during midday trading on Thursday, hitting $25.53. 4,132,386 shares of the company’s stock were exchanged, compared to its average volume of 6,236,401. The business has a 50-day simple moving average of $23.86 and a two-hundred day simple moving average of $25.50. The company has a current ratio of 1.61, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $18.81 billion, a PE ratio of 15.57, a P/E/G ratio of 1.67 and a beta of 0.22. Coterra Energy has a 1-year low of $22.30 and a 1-year high of $28.90.

Coterra Energy (NYSE:CTRA) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts predict that Coterra Energy will post 1.53 EPS for the current fiscal year.

Coterra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, November 14th. Coterra Energy’s dividend payout ratio (DPR) is 50.60%.

Institutional Investors Weigh In On Coterra Energy

Several institutional investors have recently modified their holdings of the company. Fortitude Family Office LLC lifted its stake in Coterra Energy by 154.9% in the 2nd quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock valued at $25,000 after buying an additional 567 shares in the last quarter. Larson Financial Group LLC lifted its stake in Coterra Energy by 98.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock valued at $29,000 after buying an additional 535 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Coterra Energy by 31.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock valued at $64,000 after buying an additional 557 shares in the last quarter. Values First Advisors Inc. purchased a new stake in Coterra Energy in the 3rd quarter valued at approximately $57,000. Finally, Family Firm Inc. purchased a new stake in Coterra Energy in the 2nd quarter valued at approximately $68,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

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.