A Closer Look at 7 Analyst Recommendations For Coterra Energy
Portfolio Pulse from Benzinga Insights
Seven analysts have recently updated their ratings on Coterra Energy (NYSE:CTRA), with an average 12-month price target of $31.29, up from $30.40. The ratings range from bullish to indifferent, with no bearish sentiments. Analysts from B of A Securities, Raymond James, UBS, Citigroup, Truist Securities, and Susquehanna have adjusted their price targets and ratings, reflecting their views on the company's performance and market conditions. Coterra, an independent exploration and production company, has faced a significant revenue decline of -46.19% over the past 3 months but maintains a strong net margin of 23.75%. However, its ROE and ROA are below industry averages, and it has a low debt-to-equity ratio of 0.2.
January 05, 2024 | 7:00 pm
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POSITIVE IMPACT
Coterra Energy has received updated analyst ratings with a higher average price target of $31.29, indicating a positive outlook from analysts despite a recent revenue decline and below-average ROE and ROA.
The updated analyst ratings and increased average price target suggest a positive sentiment towards Coterra Energy's stock in the short term. The strong net margin is a positive sign, but the revenue decline and below-average ROE and ROA could be areas of concern for investors. The score reflects the overall positive analyst outlook, which is likely to influence investor sentiment and potentially the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100