In the latest quarter, 10 analysts provided ratings for Coterra Energy CTRA, showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 6 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 0 | 0 |
| 2M Ago | 1 | 4 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $33.5, a high estimate of $39.00, and a low estimate of $30.00. This upward trend is apparent, with the current average reflecting a 1.52% increase from the previous average price target of $33.00.
Decoding Analyst Ratings: A Detailed Look
A comprehensive examination of how financial experts perceive Coterra Energy is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nitin Kumar | Mizuho | Lowers | Buy | $34.00 | $35.00 |
| Roger Read | Wells Fargo | Raises | Overweight | $34.00 | $30.00 |
| Mark Lear | Piper Sandler | Raises | Overweight | $35.00 | $33.00 |
| Josh Silverstein | UBS | Raises | Buy | $32.00 | $31.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $30.00 | $31.00 |
| John Freeman | Raymond James | Raises | Outperform | $34.00 | $32.00 |
| Mark Lear | Piper Sandler | Lowers | Overweight | $33.00 | $35.00 |
| Derrick Whitfield | Stifel | Lowers | Buy | $33.00 | $37.00 |
| Mike Scialla | Stephens & Co. | Maintains | Overweight | $39.00 | - |
| Doug Leggate | B of A Securities | Announces | Buy | $31.00 | - |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Coterra Energy. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Coterra Energy compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Coterra Energy's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Coterra Energy's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Coterra Energy analyst ratings.
All You Need to Know About Coterra Energy
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.
Coterra Energy: Financial Performance Dissected
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Negative Revenue Trend: Examining Coterra Energy's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -30.0% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Coterra Energy's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 26.0%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Coterra Energy's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 3.21%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Coterra Energy's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 2.05%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Coterra Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.19.
How Are Analyst Ratings Determined?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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