On Nov 15, major Wall Street analysts update their ratings for $Coterra Energy (CTRA.US)$, with price targets ranging from $29 to $35.
Morgan Stanley analyst Devin McDermott maintains with a hold rating, and adjusts the target price from $27 to $29.
Wells Fargo analyst Roger Read maintains with a buy rating, and adjusts the target price from $32 to $35.
TD Cowen analyst David Deckelbaum maintains with a buy rating, and maintains the target price at $31.
Piper Sandler analyst Mark Lear maintains with a buy rating, and adjusts the target price from $32 to $35.
Truist Financial analyst Neal Dingmann maintains with a buy rating, and sets the target price at $33.
Furthermore, according to the comprehensive report, the opinions of $Coterra Energy (CTRA.US)$'s main analysts recently are as follows:
The company's Permian acquisitions have introduced a new core area for development in Northern Delaware, presenting considerable opportunities to enhance operations.
Coterra Energy has expanded its oily core Delaware inventory at a cost-effective price, which is supported by improved implied capital efficiency for legacy assets by 2025. Additionally, strong repurchase activities are expected to balance any potential risks associated with share overhang.
Here are the latest investment ratings and price targets for $Coterra Energy (CTRA.US)$ from 6 analysts:
Note:
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