Coterra Energy (CTRA) appears to be a central player in the growth energy investment realm, but its performance lags behind the S&P 500. It received substantial stake positions from Franklin Resources Inc, Sanctuary Advisors LLC, and others, and managed to secure $1.5 billion in
senior notes and $1 billion term loan lender commitments for
strategic acquisitions. The company's stock outlook seems favorable due to its
strong production and efficiency gains. Notably, Jim Cramer, a well-known television personality, called the organization one of the industry’s shrewdest operators and is even one among his charity trust holdings. However, the company faced a cut in its price target to $33 by Piper Sandler's analysts. Despite some setbacks, the company managed to deliver mixed but generally stable financial results in Q3 2024, while its dividends were reaffirmed at $0.21 per share. Overcoming underperformance, Coterra executed two significant deals that expanded its presence in the Permian Basin, spending $3.95 billion which were majorly funded by massive debt offerings. However, its insider selling of shares raised some investor concerns.
Coterra Energy CTRA News Analytics from Thu, 06 Jun 2024 07:00:00 GMT to Fri, 20 Dec 2024 22:16:00 GMT -
Rating -3
- Innovation 4
- Information 6
- Rumor 0
