Jim Cramer continues to back
Coterra Energy Inc. (CTRA), stating it is the sole energy holding in his charity trust, demonstrating firm belief in its prospects. Coterra's EPS at $1.65 suggests steady earning power. Various banks have implied faith in CTRA as they increased their stock holdings, including
Zurcher Kantonalbank, Bank of Montreal, and Bridgewater Associates. In a significant development, CTRA undertook two deals worth
$3.95 billion, expanding its presence in the
Permian Basin. It also reported robust production results in Q3 2024 and was praised by analysts, elevating optimism for the company's financial prospects. However, certain quarters, including Goldman Sachs, signaled hesitation owing to weaker oil, gas prices causing missed profit estimates in Q3. In general, even with the stock currently underperforming, CTRA retains its dividend at $0.21 and enjoys positive projections from banks like
Citi, which raised their price target to $32. Lastly, the future for Coterra appears positive as they prepare to take part in the
BofA Global Energy Conference in 2024.
Coterra Energy CTRA News Analytics from Thu, 06 Jun 2024 07:00:00 GMT to Sat, 30 Nov 2024 13:48:25 GMT -
Rating 4
- Innovation 5
- Information 8
- Rumor 1
