Truist Financial analyst Neal Dingmann upgraded Coterra Energy (CTRA – Research Report) to a Buy yesterday and set a price target of $35.00. The company’s shares closed yesterday at $28.43.
According to TipRanks, Dingmann is a top 100 analyst with an average return of 12.6% and a 71.34% success rate. Dingmann covers the Energy sector, focusing on stocks such as APA, Civitas Resources, and Devon Energy.
Coterra Energy has an analyst consensus of Strong Buy, with a price target consensus of $34.06, a 19.80% upside from current levels. In a report released on May 16, Mizuho Securities also reiterated a Buy rating on the stock with a $41.00 price target.
The company has a one-year high of $29.21 and a one-year low of $22.23. Currently, Coterra Energy has an average volume of 6.72M.
Based on the recent corporate insider activity of 29 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.
Coterra Energy (CTRA) Company Description:
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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