Stephens Investment Management Group LLC Has $32.02 Million Position in Coterra Energy Inc. (NYSE:CTRA)

Stephens Investment Management Group LLC boosted its stake in shares of Coterra Energy Inc. (NYSE:CTRA) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,336,748 shares of the company’s stock after buying an additional 45,254 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.18% of Coterra Energy worth $32,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTRA. US Bancorp DE lifted its stake in shares of Coterra Energy by 30.0% in the 3rd quarter. US Bancorp DE now owns 1,632,233 shares of the company’s stock valued at $39,092,000 after purchasing an additional 376,607 shares during the period. Sippican Capital Advisors raised its stake in Coterra Energy by 1.3% during the 3rd quarter. Sippican Capital Advisors now owns 64,019 shares of the company’s stock worth $1,533,000 after buying an additional 834 shares during the period. Nicholas Hoffman & Company LLC. raised its stake in Coterra Energy by 13.1% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 34,703 shares of the company’s stock worth $831,000 after buying an additional 4,021 shares during the period. Gibraltar Capital Management Inc. raised its stake in Coterra Energy by 0.7% during the 3rd quarter. Gibraltar Capital Management Inc. now owns 468,700 shares of the company’s stock worth $11,225,000 after buying an additional 3,386 shares during the period. Finally, abrdn plc raised its stake in Coterra Energy by 24.7% during the 3rd quarter. abrdn plc now owns 182,960 shares of the company’s stock worth $4,379,000 after buying an additional 36,239 shares during the period. 87.92% of the stock is owned by institutional investors and hedge funds.

Coterra Energy Trading Down 0.8 %

NYSE:CTRA opened at $23.93 on Friday. The company has a market cap of $17.69 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.49 and a beta of 0.22. The stock’s fifty day moving average price is $23.82 and its two-hundred day moving average price is $25.73. Coterra Energy Inc. has a 1 year low of $22.30 and a 1 year high of $28.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.40 and a quick ratio of 1.38.

Coterra Energy (NYSE:CTRA) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). Coterra Energy had a return on equity of 10.48% and a net margin of 23.18%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $0.38 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, analysts expect that Coterra Energy Inc. will post 1.62 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CTRA. Truist Financial dropped their price target on Coterra Energy from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Scotiabank decreased their price objective on Coterra Energy from $35.00 to $32.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Piper Sandler decreased their price objective on Coterra Energy from $39.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Wells Fargo & Company decreased their price objective on Coterra Energy from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Finally, Barclays decreased their price objective on Coterra Energy from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.06.

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.