Coterra Energy (NYSE:CTRA) Given New $36.00 Price Target at Wells Fargo & Company

Coterra Energy (NYSE:CTRA) had its price target raised by research analysts at Wells Fargo & Company from $35.00 to $36.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 42.32% from the stock’s current price.

Several other equities research analysts also recently weighed in on CTRA. Raymond James lowered their price target on Coterra Energy from $41.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, March 12th. Scotiabank cut their price target on shares of Coterra Energy from $38.00 to $33.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Morgan Stanley set a $28.00 price objective on shares of Coterra Energy in a report on Tuesday, April 15th. Williams Trading set a $37.00 target price on Coterra Energy in a research note on Wednesday, March 5th. Finally, Johnson Rice raised Coterra Energy from a “hold” rating to an “accumulate” rating and increased their price objective for the company from $34.00 to $37.00 in a report on Wednesday, March 12th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.10.

Coterra Energy Stock Down 2.1 %

NYSE:CTRA traded down $0.56 during midday trading on Monday, reaching $25.30. 377,082 shares of the stock traded hands, compared to its average volume of 6,189,745. The business has a 50-day moving average of $27.14 and a two-hundred day moving average of $26.34. The stock has a market capitalization of $19.33 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 0.59 and a beta of 0.47. 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 12-month low of $22.30 and a 12-month high of $29.95.

Insider Buying and Selling at Coterra Energy

In related news, SVP Kevin William Smith sold 25,733 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $29.09, for a total transaction of $748,572.97. Following the transaction, the senior vice president now owns 106,114 shares of the company’s stock, valued at approximately $3,086,856.26. This represents a 19.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael D. Deshazer sold 35,377 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $26.62, for a total transaction of $941,735.74. Following the sale, the senior vice president now directly owns 126,770 shares in the company, valued at $3,374,617.40. This represents a 21.82 % decrease in their position. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. City State Bank acquired a new position in shares of Coterra Energy during the fourth quarter worth about $26,000. AdvisorNet Financial Inc increased its position in shares of Coterra Energy by 192.2% in the 4th quarter. AdvisorNet Financial Inc now owns 1,131 shares of the company’s stock valued at $29,000 after purchasing an additional 744 shares during the last quarter. MCF Advisors LLC grew its stake in shares of Coterra Energy by 230.5% during the fourth quarter. MCF Advisors LLC now owns 1,246 shares of the company’s stock worth $32,000 after purchasing an additional 869 shares in the last quarter. R Squared Ltd purchased a new position in Coterra Energy in the fourth quarter valued at $32,000. Finally, Investors Research Corp lifted its holdings in Coterra Energy by 45.2% during the 1st quarter. Investors Research Corp now owns 1,311 shares of the company’s stock worth $38,000 after buying an additional 408 shares during the last quarter. 87.92% of the stock is owned by institutional investors and hedge funds.

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.