Barclays analyst Betty Jiang maintains $Coterra Energy (CTRA.US)$ with a buy rating, and adjusts the target price from $33 to $31.
According to TipRanks data, the analyst has a success rate of 43.2% and a total average return of -1.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Coterra Energy (CTRA.US)$'s main analysts recently are as follows:
Within the integrated oil and exploration and production group, estimates have been adjusted to reflect a decrease in oil price forecasts for the coming years. Despite the recent sector pullback, the potential for positive outcomes for stocks is notable as company fundamentals and operational momentum continue to be robust.
Adjustments in the exploration and production group estimates reflect updated commodity price expectations and investment outlook. The long-term oil and gas price expectations continue to be optimistic. If operational efficiency gains are maintained and service costs continue to decline, the exploration and production companies could maintain a strong capital efficiency up to 2025. This could potentially counterbalance the effects of resource maturity.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
