Coterra Energy (NYSE:CTRA) Upgraded by TD Cowen to “Strong-Buy” Rating

Coterra Energy (NYSE:CTRA) was upgraded by equities research analysts at TD Cowen to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently commented on the company. BMO Capital Markets decreased their target price on Coterra Energy from $33.00 to $32.00 and set a “market perform” rating on the stock in a report on Monday, December 15th. The Goldman Sachs Group decreased their price objective on shares of Coterra Energy from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. JPMorgan Chase & Co. lowered their price objective on shares of Coterra Energy from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Barclays reduced their target price on shares of Coterra Energy from $35.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 21st. Finally, Siebert Williams Shank raised their price target on shares of Coterra Energy from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.40.

Coterra Energy Stock Performance

NYSE CTRA opened at $30.45 on Monday. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.74 and a beta of 0.38. The company has a current ratio of 1.02, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Coterra Energy has a 1-year low of $22.33 and a 1-year high of $30.94. The company has a 50 day moving average of $26.71 and a 200-day moving average of $25.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Moors & Cabot Inc. increased its holdings in Coterra Energy by 2.1% in the fourth quarter. Moors & Cabot Inc. now owns 128,307 shares of the company’s stock valued at $3,377,000 after purchasing an additional 2,644 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Coterra Energy by 6.8% during the 4th quarter. Intech Investment Management LLC now owns 71,903 shares of the company’s stock worth $1,892,000 after buying an additional 4,551 shares during the period. Geode Capital Management LLC increased its stake in shares of Coterra Energy by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 21,361,342 shares of the company’s stock valued at $560,207,000 after acquiring an additional 145,671 shares during the last quarter. Coordinated Financial Services Inc. raised its position in shares of Coterra Energy by 16.3% in the 4th quarter. Coordinated Financial Services Inc. now owns 10,145 shares of the company’s stock valued at $267,000 after acquiring an additional 1,419 shares during the period. Finally, Fidelis Capital Partners LLC boosted its stake in Coterra Energy by 8.8% during the 4th quarter. Fidelis Capital Partners LLC now owns 10,490 shares of the company’s stock worth $276,000 after acquiring an additional 847 shares during the last quarter. 87.92% of the stock is currently owned by 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.