In a report released today, Paul Cheng from Scotiabank maintained a Buy rating on Coterra Energy (CTRA – Research Report), with a price target of $31.00. The company’s shares closed yesterday at $26.33.
According to TipRanks, Cheng is a 4-star analyst with an average return of 2.9% and a 48.08% success rate. Cheng covers the Energy sector, focusing on stocks such as APA, Chevron, and Exxon Mobil.
Currently, the analyst consensus on Coterra Energy is a Strong Buy with an average price target of $32.50, a 23.43% upside from current levels. In a report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $31.00 price target.
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Based on Coterra Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.36 billion and a net profit of $323 million. In comparison, last year the company earned a revenue of $2.52 billion and had a net profit of $1.2 billion
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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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