Shares of Coterra Energy Inc. (CTRA) plummeted 5.05% in pre-market trading on Tuesday, following downward revisions in price targets by multiple analysts. The significant drop comes as investors react to the lowered expectations for the energy company's stock performance.

Mizuho Securities led the bearish sentiment by reducing its target price for Coterra Energy from $40 to $38. This adjustment was closely followed by Barclays, which trimmed its price target from $37 to $35, although it maintained an Overweight rating on the stock. These revisions suggest a more cautious outlook on Coterra's near-term prospects, despite the overall positive sentiment among analysts.

Despite the day's sharp decline, it's worth noting that the average analyst rating for Coterra Energy remains a "buy," with a mean price target of $33.78, according to FactSet data. This indicates that while short-term expectations have been tempered, many analysts still see potential value in the company. Investors will likely be watching closely for any further analyst revisions or company announcements that could impact the stock's trajectory in the coming days.