Coterra Energy (CTRA) Received its Third Buy in a Row

After Siebert Williams Shank & Co and Stifel Nicolaus gave Coterra Energy (NYSE: CTRA) a Buy rating last month, the company received another Buy, this time from Wells Fargo. Analyst Nitin Kumar CFA maintained a Buy rating on Coterra Energy today and set a price target of $37.00. The company’s shares closed last Friday at $25.63.

According to TipRanks.com, CFA is a 5-star analyst with an average return of 35.8% and a 87.6% success rate. CFA covers the Utilities sector, focusing on stocks such as Centennial Resource Development, Continental Resources, and Northern Oil And Gas.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coterra Energy with a $27.64 average price target.

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Based on Coterra Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.22 billion and net profit of $938 million. In comparison, last year the company earned revenue of $456 million and had a net profit of $132 million.

Based on the recent corporate insider activity of 50 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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