Barclays Keeps Their Hold Rating on Coterra Energy (CTRA)

Barclays analyst Jeanine Wai maintained a Hold rating on Coterra Energy (CTRAResearch Report) on January 20 and set a price target of $26.00. The company’s shares closed last Friday at $25.62.

Wai covers the Utilities sector, focusing on stocks such as EOG Resources, APA, and Coterra Energy. According to TipRanks, Wai has an average return of 13.8% and a 60.71% success rate on recommended stocks.

Coterra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $32.91, a 28.45% upside from current levels. In a report released on January 11, J.P. Morgan also maintained a Hold rating on the stock with a $28.00 price target.

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CTRA market cap is currently $20.2B and has a P/E ratio of 5.21.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CTRA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cabot Oil & Gas Corp. engages in the development, exploitation, and exploration of oil and gas properties. It operates through the Marcellus shale in Pennsylvania. The company was founded in 1989 and is headquartered in Houston, TX.

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