Coterra Energy (NYSE:CTRA) Stock Price Down 4.7% – Should You Sell?

Coterra Energy Inc. (NYSE:CTRA) fell 4.7% on Tuesday . The company traded as low as $31.71 and last traded at $31.4660. 1,251,792 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 11,018,396 shares. The stock had previously closed at $33.01.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CTRA. Citigroup increased their price objective on Coterra Energy from $32.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, March 30th. BMO Capital Markets upped their target price on Coterra Energy from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 3rd. Susquehanna raised their price target on Coterra Energy from $32.00 to $34.00 and gave the stock a “positive” rating in a research note on Tuesday, February 3rd. Zacks Research upgraded Coterra Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, Wolfe Research boosted their price target on Coterra Energy from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Sixteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Coterra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $36.83.

Coterra Energy Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.19. The stock’s 50-day simple moving average is $32.40 and its two-hundred day simple moving average is $27.96. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 0.51 and a beta of 0.29.

Coterra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 11th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, March 11th. This represents a $0.88 annualized dividend and a yield of 2.8%. Coterra Energy’s dividend payout ratio is presently 38.60%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CTRA. Fideuram Asset Management Ireland dac acquired a new stake in shares of Coterra Energy in the fourth quarter worth $27,000. GoalVest Advisory LLC acquired a new position in Coterra Energy during the 4th quarter valued at $28,000. Winnow Wealth LLC bought a new stake in Coterra Energy in the 3rd quarter valued at $29,000. Atlantic Union Bankshares Corp bought a new stake in Coterra Energy in the 3rd quarter valued at $29,000. Finally, Triumph Capital Management acquired a new stake in Coterra Energy in the 3rd quarter worth $31,000. 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.