In a report released today, Roger Read from Wells Fargo maintained a Buy rating on Coterra Energy (CTRA – Research Report), with a price target of $34.00. The company’s shares closed yesterday at $26.46.
Read covers the Energy sector, focusing on stocks such as Shell, Coterra Energy, and Chevron. According to TipRanks, Read has an average return of 10.6% and a 63.41% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Coterra Energy with a $32.67 average price target, which is a 23.47% upside from current levels. In a report released on March 7, Piper Sandler also assigned a Buy rating to the stock with a $35.00 price target.
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The company has a one-year high of $29.67 and a one-year low of $21.75. Currently, Coterra Energy has an average volume of 6.94M.
Based on the recent corporate insider activity of 31 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.
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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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