UBS analyst Josh Silverstein maintains $Coterra Energy (CTRA.US)$ with a buy rating, and adjusts the target price from $31 to $35.
According to TipRanks data, the analyst has a success rate of 59.6% and a total average return of 8.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Coterra Energy (CTRA.US)$'s main analysts recently are as follows:
The company's recent Permian acquisitions have introduced a new primary development zone in Northern Delaware, offering considerable potential to enhance operations.
Coterra Energy has enhanced its core Delaware inventory with oil-rich assets at a cost-effective price, contributing to an improved implied capital efficiency for legacy assets by 2025. Additionally, strong buyback activity is expected to balance any risks associated with share overhang.
Note:
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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.
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