Susquehanna Issues Positive Forecast for Coterra Energy (NYSE:CTRA) Stock Price

Coterra Energy (NYSE:CTRA) had its price objective increased by Susquehanna from $30.00 to $33.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 28.86% from the stock’s previous close.

Several other research analysts have also commented on the stock. Wells Fargo & Company decreased their price target on shares of Coterra Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Barclays dropped their price target on Coterra Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Scotiabank lowered their price objective on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut their target price on Coterra Energy from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, Stephens increased their price objective on shares of Coterra Energy from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.65.

Coterra Energy Price Performance

CTRA stock opened at $25.61 on Thursday. The company has a market capitalization of $18.86 billion, a PE ratio of 15.43, a P/E/G ratio of 1.64 and a beta of 0.22. The company has a quick ratio of 1.56, a current ratio of 1.61 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $23.86 and its two-hundred day moving average is $25.50. Coterra Energy has a 52-week low of $22.30 and a 52-week high of $28.90.

Coterra Energy (NYSE:CTRA) last issued 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 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 previous year, the business posted $0.47 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Analysts predict that Coterra Energy will post 1.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coterra Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in CTRA. Fortitude Family Office LLC raised its position in shares of Coterra Energy by 154.9% in the second quarter. Fortitude Family Office LLC now owns 933 shares of the company’s stock valued at $25,000 after purchasing an additional 567 shares during the period. Larson Financial Group LLC grew its stake in shares of Coterra Energy by 98.0% in the second quarter. Larson Financial Group LLC now owns 1,081 shares of the company’s stock worth $29,000 after acquiring an additional 535 shares during the last quarter. Values First Advisors Inc. bought a new stake in Coterra Energy in the 3rd quarter valued at $57,000. Tobam acquired a new position in shares of Coterra Energy during the third quarter valued at about $63,000. Finally, EverSource Wealth Advisors LLC increased its stake in Coterra Energy by 31.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,351 shares of the company’s stock valued at $64,000 after acquiring an additional 557 shares during the period. 87.92% of the stock is currently owned by institutional investors and hedge funds.

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.