Coterra Energy (NYSE:CTRA) has been analyzed by 18 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 7 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 4 | 1 | 0 | 0 |
| 3M Ago | 3 | 3 | 2 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $33.39, a high estimate of $41.00, and a low estimate of $26.00. Surpassing the previous average price target of $31.69, the current average has increased by 5.36%.
Breaking Down Analyst Ratings: A Detailed Examination
The analysis of recent analyst actions sheds light on the perception of Coterra Energy by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kalei Akamine | B of A Securities | Announces | Buy | $34.00 | - |
| Scott Gruber | Citigroup | Raises | Buy | $31.00 | $30.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $35.00 | $27.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $39.00 | $37.00 |
| Nitin Kumar | Mizuho | Raises | Buy | $41.00 | $37.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $33.00 | $32.00 |
| Nitin Kumar | Mizuho | Raises | Buy | $37.00 | $34.00 |
| Biju Perincheril | Susquehanna | Raises | Positive | $32.00 | $30.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $37.00 | $35.00 |
| Devin McDermott | Morgan Stanley | Raises | Equal-Weight | $29.00 | $26.00 |
| Paul Cheng | Scotiabank | Raises | Sector Outperform | $35.00 | $31.00 |
| Betty Jiang | Barclays | Announces | Overweight | $36.00 | - |
| Neal Dingmann | Truist Securities | Lowers | Hold | $27.00 | $30.00 |
| Arun Jayaram | JP Morgan | Raises | Overweight | $30.00 | $29.00 |
| Nitin Kumar | Mizuho | Maintains | Buy | $34.00 | $34.00 |
| Devin McDermott | Morgan Stanley | Lowers | Equal-Weight | $26.00 | $27.00 |
| Derrick Whitfield | Stifel | Lowers | Buy | $31.00 | $33.00 |
| Nitin Kumar | Mizuho | Lowers | Buy | $34.00 | $35.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Coterra Energy. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Coterra Energy compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Coterra Energy's stock. This analysis reveals shifts in analysts' expectations over time.
Capture valuable insights into Coterra Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Coterra Energy analyst ratings.
Discovering Coterra Energy: A Closer Look
Coterra Energy Inc is an independent oil and gas company engaged in the development, exploration, and production of oil, natural gas, and NGLs. The company's operations are primarily concentrated in three core operating areas; the Permian Basin in west Texas and southeast New Mexico, the Marcellus Shale in northeast Pennsylvania, and the Anadarko Basin in the Mid-Continent region in Oklahoma.
Key Indicators: Coterra Energy's Financial Health
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, Coterra Energy faced challenges, resulting in a decline of approximately -19.36% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 24.56%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Coterra Energy's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.69%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Coterra Energy's ROA stands out, surpassing industry averages. With an impressive ROA of 1.7%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Coterra Energy's debt-to-equity ratio is below the industry average. With a ratio of 0.23, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Basics of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.