Coterra Energy Inc. (NYSE:CTRA) shares traded 0.86% higher at $28.20 on Wall Street last session.
In accordance with the data, 28 analysts cover Coterra Energy Inc. (NYSE:CTRA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $26.00, we find $31.00. Given the previous closing price of $27.96, this indicates a potential upside of 10.87 percent. CTRA stock price is now 4.19% away from the 50-day moving average and 11.41% away from the 200-day moving average. The market capitalization of the company currently stands at $21.11B.
It has been rated a hold by 16 analysts and a buy by 11. Brokers who have rated the stock have averaged $31.88 as their price target over the next twelve months.
With the price target enhanced from $30 to $35, Piper Sandler Upgraded its rating from Neutral to Overweight for Coterra Energy Inc. (NYSE: CTRA).
In other news, DeShazer Michael D., VP – Business Units sold 20,824 shares of the company’s stock on Mar 21. The stock was sold for $501,858 at an average price of $24.10. Upon completion of the transaction, the VP – Business Units now directly owns 77,406 shares in the company, valued at $2.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, Director HELMERICH HANS sold 5,000 shares of the business’s stock. A total of $138,218 was realized by selling the stock at an average price of $27.64. This leaves the insider owning 225,755 shares of the company worth $6.37 million. Insiders disposed of 1,044,735 shares of company stock worth roughly $29.46 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CTRA stock. A new stake in Coterra Energy Inc. shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $122,853,000. MARSHALL WACE, LLP invested $36,349,000 in shares of CTRA during the first quarter. In the first quarter, M&G INVESTMENT MANAGEMENT LTD acquired a new stake in Coterra Energy Inc. valued at approximately $14,307,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in CTRA for approximately $12,682,000. JUPITER ASSET MANAGEMENT LTD purchased a new stake in CTRA valued at around $12,311,000 in the second quarter. In total, there are 1,080 active investors with 97.40% ownership of the company’s stock.
Coterra Energy Inc. (NYSE: CTRA) opened at $28.25 on Friday. During the past 12 months, Coterra Energy Inc. has had a low of $22.25 and a high of $31.38. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for CTRA is $27.14 and a two-hundred day moving average price translates $25.47 for the stock.
The latest earnings results from Coterra Energy Inc. (NYSE: CTRA) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.39, beating analysts’ expectations of $0.34 by 0.05. This compares to $1.52 EPS in the same period last year. The net profit margin was 40.00% and return on equity was 24.60% for CTRA. The company reported revenue of $1.19 billion for the quarter, compared to $2.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -53.93 percent. For the current quarter, analysts expect CTRA to generate $1.35B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/31/2023. Investors who held shares on 08/17/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $1.65 dividend and a 5.85% percent yield. There was an ex-dividend date of 08/16/2023 for this dividend. In terms of dividend payout ratio, CTRA is presently at 65.00%.
