Coterra Energy (NYSE:CTRA) Price Target Raised to $37.00

Coterra Energy (NYSE:CTRA) had its price objective lifted by analysts at Piper Sandler from $34.00 to $37.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 41.51% from the company’s current price.

A number of other research analysts have also recently weighed in on CTRA. The Goldman Sachs Group boosted their target price on shares of Coterra Energy from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Raymond James upped their price objective on Coterra Energy from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Morgan Stanley raised their target price on Coterra Energy from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 14th. Wells Fargo & Company upped their price target on Coterra Energy from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Citigroup increased their price target on Coterra Energy from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.63.

Coterra Energy Price Performance

Shares of NYSE:CTRA opened at $26.15 on Thursday. The company has a market capitalization of $19.98 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company’s 50-day moving average is $27.58 and its 200 day moving average is $25.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.56 and a current ratio of 1.61. Coterra Energy has a fifty-two week low of $22.30 and a fifty-two week high of $29.95.

Hedge Funds Weigh In On Coterra Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Siemens Fonds Invest GmbH purchased a new position in shares of Coterra Energy during the fourth quarter worth about $104,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Coterra Energy during the fourth quarter valued at approximately $15,164,000. Capital A Wealth Management LLC purchased a new position in Coterra Energy in the 4th quarter worth approximately $127,000. Heck Capital Advisors LLC bought a new position in shares of Coterra Energy in the 4th quarter worth $266,000. Finally, Cypress Asset Management Inc. TX purchased a new stake in shares of Coterra Energy during the 4th quarter valued at $295,000. 87.92% of the stock is currently owned by institutional investors.

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. 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.