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

Coterra Energy (NYSE:CTRA) had its price target lifted by investment analysts at UBS Group from $31.00 to $35.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 36.83% from the stock’s current price.

Several other research analysts also recently issued reports on CTRA. Roth Capital raised Coterra Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 27th. Susquehanna raised their price target on Coterra Energy from $30.00 to $33.00 and gave the company a “positive” rating in a report on Thursday. Wells Fargo & Company dropped their price objective on Coterra Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Wolfe Research initiated coverage on shares of Coterra Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $35.00 price target for the company. Finally, Barclays increased their price objective on shares of Coterra Energy from $31.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.41.

Coterra Energy Price Performance

Shares of CTRA stock opened at $25.58 on Friday. The stock’s fifty day moving average is $23.95 and its 200-day moving average is $25.46. 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 52 week low of $22.30 and a 52 week high of $28.90. The stock has a market capitalization of $18.84 billion, a PE ratio of 15.41, a PEG ratio of 1.67 and a beta of 0.22.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Coterra Energy had a return on equity of 9.38% and a net margin of 21.91%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the company earned $0.47 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Equities research analysts expect that Coterra Energy will post 1.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Coterra Energy

Large investors have recently modified their holdings of the business. Fortitude Family Office LLC lifted its holdings in shares of Coterra Energy by 154.9% during the 2nd quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock valued at $25,000 after purchasing an additional 567 shares in the last quarter. Larson Financial Group LLC lifted its stake in Coterra Energy by 98.0% in the second 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 first 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. acquired a new position in shares of Coterra Energy in the third quarter valued at approximately $57,000. Finally, Family Firm Inc. bought a new stake in shares of Coterra Energy during the second quarter worth $68,000. 87.92% of the stock is currently owned by institutional investors.

Coterra Energy Company Profile

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.