TD Cowen Has Lowered Expectations for Coterra Energy (NYSE:CTRA) Stock Price

Coterra Energy (NYSE:CTRA) had its price target dropped by equities researchers at TD Cowen from $33.00 to $32.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 5.40% from the company’s previous close.

CTRA has been the topic of several other research reports. Siebert Williams Shank lifted their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Raymond James Financial lifted their target price on Coterra Energy from $28.00 to $31.00 and gave the company an “outperform” rating in a research note on Monday, November 24th. Weiss Ratings restated a “hold (c)” rating on shares of Coterra Energy in a research report on Monday, December 29th. Stephens boosted their target price on Coterra Energy from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Finally, Scotiabank reiterated a “sector perform” rating and set a $31.00 price target on shares of Coterra Energy in a report on Tuesday, February 3rd. Fifteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Coterra Energy currently has an average rating of “Moderate Buy” and an average target price of $33.33.

Coterra Energy Trading Down 0.5%

Shares of CTRA stock opened at $30.36 on Tuesday. Coterra Energy has a 1-year low of $22.33 and a 1-year high of $30.94. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.98. The firm has a market capitalization of $23.12 billion, a PE ratio of 13.94, a P/E/G ratio of 0.74 and a beta of 0.38. The business’s fifty day moving average price is $26.71 and its 200 day moving average price is $25.16.

Institutional Trading of Coterra Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Coterra Energy by 4.0% during the third quarter. Vanguard Group Inc. now owns 98,991,567 shares of the company’s stock worth $2,341,151,000 after buying an additional 3,781,606 shares during the last quarter. State Street Corp grew its position in shares of Coterra Energy by 0.9% in the 2nd quarter. State Street Corp now owns 45,588,319 shares of the company’s stock valued at $1,157,032,000 after purchasing an additional 386,526 shares during the period. Davis Selected Advisers raised its position in Coterra Energy by 63.6% in the 4th quarter. Davis Selected Advisers now owns 32,537,508 shares of the company’s stock valued at $856,387,000 after buying an additional 12,654,027 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Coterra Energy by 5.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 26,800,493 shares of the company’s stock worth $680,197,000 after acquiring an additional 1,495,553 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Coterra Energy by 2.5% during the 3rd quarter. Victory Capital Management Inc. now owns 21,581,809 shares of the company’s stock worth $510,410,000 after purchasing an additional 534,132 shares during the last quarter. 87.92% of the stock is 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.