During the last three months, 15 analysts shared their evaluations of Coterra Energy CTRA, revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 7 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 5 | 2 | 0 | 0 |
| 2M Ago | 2 | 2 | 1 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts have recently evaluated Coterra Energy and provided 12-month price targets. The average target is $32.6, accompanied by a high estimate of $37.00 and a low estimate of $26.00. This upward trend is apparent, with the current average reflecting a 4.19% increase from the previous average price target of $31.29.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Coterra Energy among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines 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 | 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 |
| 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 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Coterra Energy. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Coterra Energy compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Coterra Energy's stock. This comparison reveals trends 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.
Delving into Coterra Energy's Background
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: Delving into Financials
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Challenges: Coterra Energy's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -30.0%. This indicates a decrease in 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: Coterra Energy's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 26.0% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Coterra Energy's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.21%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Coterra Energy's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 2.05%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Coterra Energy's debt-to-equity ratio is below the industry average. With a ratio of 0.19, 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.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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