Coterra Energy (NYSE:CTRA) Stock Price Expected to Rise, Piper Sandler Analyst Says

Coterra Energy (NYSE:CTRA) had its target price lifted by equities research analysts at Piper Sandler from $36.00 to $41.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target would suggest a potential upside of 31.75% from the stock’s current price.

A number of other research firms have also recently weighed in on CTRA. Weiss Ratings upgraded Coterra Energy from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday. JPMorgan Chase & Co. decreased their target price on Coterra Energy from $34.00 to $31.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Stephens upped their target price on Coterra Energy from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Johnson Rice dropped their price target on Coterra Energy from $38.00 to $37.00 in a research report on Friday, December 5th. Finally, Zacks Research downgraded Coterra Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, January 19th. Fifteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.95.

Coterra Energy Trading Down 0.1%

Shares of Coterra Energy stock opened at $31.12 on Thursday. The company has a 50-day moving average of $28.51 and a two-hundred day moving average of $26.06. Coterra Energy has a 12-month low of $22.33 and a 12-month high of $32.67. The company has a current ratio of 1.19, a quick ratio of 0.98 and a debt-to-equity ratio of 0.24. The stock has a market cap of $23.63 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.77 and a beta of 0.38.

Institutional Trading of Coterra Energy

Several institutional investors and hedge funds have recently made changes to their positions in CTRA. Hsbc Holdings PLC grew its stake in Coterra Energy by 17.4% in the 4th quarter. Hsbc Holdings PLC now owns 2,108,345 shares of the company’s stock worth $55,450,000 after acquiring an additional 312,673 shares during the period. Rehmann Capital Advisory Group purchased a new position in shares of Coterra Energy during the 4th quarter worth $293,000. Oak Grove Capital LLC boosted its holdings in shares of Coterra Energy by 11.4% during the fourth quarter. Oak Grove Capital LLC now owns 369,500 shares of the company’s stock worth $9,725,000 after purchasing an additional 37,800 shares during the last quarter. MidFirst Bank acquired a new stake in shares of Coterra Energy during the fourth quarter worth $69,000. Finally, DGS Capital Management LLC purchased a new stake in shares of Coterra Energy in the fourth quarter valued at $411,000. 87.92% of the stock is currently owned by hedge funds and other 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.