Coterra Energy (NYSE:CTRA) Lifted to “Buy” at Roth Mkm

Roth Mkm upgraded shares of Coterra Energy (NYSE:CTRA) from a neutral rating to a buy rating in a research note released on Tuesday, Marketbeat Ratings reports. They currently have $29.00 price target on the stock, up from their previous price target of $25.00.

A number of other research analysts also recently issued reports on the company. Bank of America reaffirmed a buy rating and set a $34.00 price target on shares of Coterra Energy in a report on Friday, June 14th. BMO Capital Markets raised shares of Coterra Energy to a hold rating in a report on Wednesday, July 3rd. Truist Financial decreased their price objective on shares of Coterra Energy from $35.00 to $34.00 and set a buy rating for the company in a report on Monday, July 22nd. Susquehanna raised their target price on shares of Coterra Energy from $32.00 to $33.00 and gave the stock a positive rating in a report on Tuesday, May 7th. Finally, Mizuho boosted their target price on shares of Coterra Energy from $37.00 to $41.00 and gave the company a buy rating in a research note on Monday, May 13th. Two 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 company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $33.29.

Coterra Energy Stock Up 1.6 %

NYSE:CTRA opened at $24.43 on Tuesday. The firm has a 50-day simple moving average of $25.56 and a two-hundred day simple moving average of $26.62. The firm has a market cap of $18.18 billion, a P/E ratio of 14.12, a P/E/G ratio of 1.49 and a beta of 0.24. Coterra Energy has a fifty-two week low of $23.18 and a fifty-two week high of $29.89. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 1.49.

Coterra Energy (NYSE:CTRA) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Coterra Energy had a return on equity of 10.49% and a net margin of 23.18%. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Coterra Energy’s revenue was up 7.3% on a year-over-year basis. Analysts predict that Coterra Energy will post 2.02 earnings per share for the current fiscal year.

Coterra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Thursday, August 15th. Coterra Energy’s dividend payout ratio (DPR) is currently 48.55%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Coterra Energy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 87,927,114 shares of the company’s stock valued at $2,243,900,000 after purchasing an additional 407,244 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Coterra Energy by 8.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,465,383 shares of the company’s stock valued at $267,089,000 after buying an additional 848,519 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Coterra Energy by 8.7% during the 4th quarter. Schroder Investment Management Group now owns 7,815,648 shares of the company’s stock valued at $199,455,000 after buying an additional 628,132 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in Coterra Energy by 4.4% in the 2nd quarter. King Luther Capital Management Corp now owns 6,783,690 shares of the company’s stock worth $180,921,000 after buying an additional 285,774 shares during the period. Finally, Disciplined Growth Investors Inc. MN increased its stake in Coterra Energy by 1.0% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 5,063,920 shares of the company’s stock worth $135,055,000 after buying an additional 51,249 shares in the last quarter. 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.