The Latest Analyst Ratings For Coterra Energy
Portfolio Pulse from Benzinga Insights
Recent analyst evaluations of Coterra Energy (NYSE:CTRA) show diverse outlooks, with a total of 15 analysts providing ratings ranging from bullish to bearish. The average 12-month price target for CTRA has been raised to $32.6, indicating a 4.19% increase from the previous target. Analyst actions include both upgrades and downgrades, reflecting changes in market conditions and company performance. Coterra Energy, an independent oil and gas company, faces challenges such as a -30.0% revenue decline and below-industry-standard ROE and ROA, despite a strong net margin of 26.0% and a low debt-to-equity ratio.
May 03, 2024 | 1:00 pm
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Coterra Energy has received diverse analyst ratings with an updated average 12-month price target of $32.6, reflecting a positive sentiment. Despite facing revenue decline and lower ROE/ROA, its strong net margin and low debt-to-equity ratio highlight its financial health.
The increase in the average price target to $32.6 suggests a bullish sentiment among analysts, likely due to Coterra Energy's strong net margin and low debt levels, which may offset concerns about its revenue decline and below-average ROE/ROA. The diverse ratings from analysts indicate a varied outlook, but the overall positive adjustment in price targets could lead to short-term positive momentum in CTRA's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100