Fintel reports that on August 14, 2023, Piper Sandler upgraded their outlook for Coterra Energy (NYSE:CTRA) from Neutral to Overweight.
Analyst Price Forecast Suggests 8.77% Upside
As of August 2, 2023, the average one-year price target for Coterra Energy is 30.51. The forecasts range from a low of 25.25 to a high of $40.95. The average price target represents an increase of 8.77% from its latest reported closing price of 28.05.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Coterra Energy is 8,270MM, an increase of 8.22%. The projected annual non-GAAP EPS is 4.32.
What is the Fund Sentiment?
There are 1601 funds or institutions reporting positions in Coterra Energy. This is a decrease of 46 owner(s) or 2.79% in the last quarter. Average portfolio weight of all funds dedicated to CTRA is 0.28%, a decrease of 22.05%. Total shares owned by institutions decreased in the last three months by 1.87% to 834,766K shares. The put/call ratio of CTRA is 0.43, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 66,769K shares representing 8.84% ownership of the company. In it’s prior filing, the firm reported owning 70,554K shares, representing a decrease of 5.67%. The firm decreased its portfolio allocation in CTRA by 86.86% over the last quarter.
Aristotle Capital Management holds 39,905K shares representing 5.29% ownership of the company. In it’s prior filing, the firm reported owning 40,575K shares, representing a decrease of 1.68%. The firm decreased its portfolio allocation in CTRA by 1.74% over the last quarter.
Capital World Investors holds 27,171K shares representing 3.60% ownership of the company. In it’s prior filing, the firm reported owning 32,513K shares, representing a decrease of 19.66%. The firm decreased its portfolio allocation in CTRA by 19.07% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 23,179K shares representing 3.07% ownership of the company. In it’s prior filing, the firm reported owning 22,755K shares, representing an increase of 1.83%. The firm decreased its portfolio allocation in CTRA by 6.06% over the last quarter.
XLE – The Energy Select Sector SPDR Fund holds 22,660K shares representing 3.00% ownership of the company. In it’s prior filing, the firm reported owning 22,823K shares, representing a decrease of 0.72%. The firm increased its portfolio allocation in CTRA by 6.63% over the last quarter.
Coterra Energy Background Information
(This description is provided by the company.)
Coterra is a premier, diversified energy company based in Houston, Texas. The company strives to be a leading producer, delivering returns with a commitment to sustainability leadership.
This article originally appeared on Fintel
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