Coterra Energy (NYSE:CTRA) Stock Rating Lowered by Tudor Pickering
Coterra Energy (NYSE:CTRA – Get Rating) was downgraded by investment analysts at Tudor Pickering from a “buy” rating to a “hold” rating in a research report issued on Wednesday, The Fly reports.
A number of other equities research analysts also recently issued reports on the stock. Citigroup upped their price target on shares of Coterra Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, September 21st. Raymond James lowered their price objective on shares of Coterra Energy from $42.00 to $36.00 and set an “outperform” rating for the company in a research report on Monday, October 24th. Mizuho cut their target price on shares of Coterra Energy from $43.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, October 24th. Wolfe Research raised shares of Coterra Energy from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 7th. Finally, Piper Sandler lowered their price target on Coterra Energy from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, November 17th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.00.
Coterra Energy Trading Down 1.7 %
NYSE CTRA opened at $27.43 on Wednesday. The stock’s 50 day moving average is $28.40 and its 200 day moving average is $29.29. The firm has a market capitalization of $21.63 billion, a PE ratio of 5.54, a P/E/G ratio of 0.10 and a beta of 0.23. Coterra Energy has a twelve month low of $18.39 and a twelve month high of $36.55. The company has a quick ratio of 1.62, a current ratio of 1.66 and a debt-to-equity ratio of 0.17.
Coterra Energy (NYSE:CTRA – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.05. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Coterra Energy had a return on equity of 29.82% and a net margin of 44.15%. Research analysts forecast that Coterra Energy will post 4.91 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Coterra Energy
A number of large investors have recently bought and sold shares of CTRA. Vanguard Group Inc. acquired a new position in Coterra Energy in the first quarter valued at about $2,472,575,000. Capital World Investors bought a new position in Coterra Energy in the first quarter valued at about $2,268,599,000. BlackRock Inc. acquired a new position in Coterra Energy in the 1st quarter valued at approximately $1,802,238,000. State Street Corp acquired a new stake in Coterra Energy in the first quarter valued at $1,493,855,000. Finally, Wellington Management Group LLP acquired a new position in shares of Coterra Energy in the first quarter worth approximately $1,000,797,000. Institutional investors and hedge funds own 93.39% of the company’s stock.
About Coterra Energy
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. It primarily focuses on the Marcellus Shale with approximately 177,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania.
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