Piper Sandler raised her price target on EQT (NYSE:EQT) to $63.00.

According to The Fly, equity researchers at Piper Sandler lowered their target price for Coterra Energy (NYSE:CTRA) in a research report released Thursday to clients and investors. The new target price is $31.00, down from $33.00. The price target provided by Piper Sandler represents a possible increase of 17.34% from the current share price.
CTRA has been investigated in several different research studies. Citigroup raised its price target on Coterra Energy from $27.00 to $30.00 and gave the company a “neutral” rating in a research report released Wednesday, September 21. In a research report released Tuesday, October 25, Stifel Nicolaus began providing coverage on Coterra Energy shares. They recommended “buying” the stock and set a price target of $40.00. Jefferies Financial Group began covering Coterra Energy shares in a research report released Oct. 19, the day after the market opened. They recommend maintaining a “hold” position on the stock and have set a price target of $32.00. Raymond James lowered his price target on Coterra Energy shares from $42.00 to $36.00 and gave the stock an “outperform” rating in a report released Monday, October 24. In the end, Mizuho lowered his price target on Coterra Energy shares by $43.00. at $42.00 and gave the stock a “buy” rating in a research note released on Monday, October 24. One expert suggested investors sell the stock, eleven suggested investors keep it in their portfolios, and four suggested investors buy it. According to Bloomberg.com, the stock is rated “Hold” on average and analysts have set a consensus price target of $34.00.
Thursday’s opening price for CTRA shares was $26.42 per share. There is a debt ratio of 0.17, the quick ratio is 1.62, the current ratio is 1.66 and the quick ratio is 1.62. The company has a market capitalization of $20.83 billion, a price/earnings ratio of 5.34, a price/earnings/growth ratio of 0.10 and a beta of 0.23. Coterra Energy’s share price has been as low as $18.39 and as high as $36.55 over the past year. The company’s moving average over the past 50 days is $28.90 and its moving average over the past 200 days is $29.53.
Coterra Energy’s latest quarterly earnings report was released on Nov. 3 and its ticker symbol is CTRA on the NYSE. The company reported earnings per share for the quarter of $1.39, $0.05 higher than the used expectation of $1.34. Revenue for the quarter was $2.52 billion, well above the consensus expectation of $2.43 billion. Coterra Energy’s net margin was 44.15% and return on equity was 29.82%. According to forecasts by market research analysts, each common share of Coterra Energy will generate earnings of $4.88 in the current fiscal year.
Recently, hedge funds have been active buyers and sellers of stocks. In the first three months of 2018, Capital Analysts LLC invested approximately $27,000 in acquiring a new position in Coterra Energy. Larson Financial Group LLC acquired a new investment in Coterra Energy during the first quarter. The value of this new position was approximately $28,000. BerganKDV Wealth Management LLC acquired a new investment in Coterra Energy during the first quarter of the year. The value of this new position was approximately $29,000. In the first three months of 2018, Eagle Bay Advisors LLC acquired a new stake in Coterra Energy by paying approximately $29,000. Finally, during the second quarter, Patriot Financial Group Insurance Agency LLC increased its percentage interest in Coterra Energy by 239.3%. Following the acquisition of 780 additional shares in the previous quarter, Patriot Financial Group Insurance Agency LLC now owns 1,106 shares of the company, or $29,000. Currently, institutional investors hold 93.39% of the company’s shares.
Coterra Energy Inc. is an independent oil and gas company headquartered in the United States. The Company focuses on the development, exploration and production of oil, natural gas and natural gas liquids as its main business areas. Its primary focus is on the Marcellus Shale, which covers an area of ​​approximately 177,000 net acres in Susquehanna County, Pennsylvania, within the area’s dry gas window.

Eleanor C. William