In the recent reports, Coterra Energy (CTRA) has seen multiple key developments. Price targets for the company were raised to $28 from $26 by Jefferies and $34 from $33 at Piper Sandler while JPMorgan cuts Coterra Energy's stock target but maintains overweight rating. Full year 2024 performance is set to be revealed on February 25, and the company's dividend sits at $0.21. Reports indicate that insiders have sold $2.3m and $1.9m worth of stock. Coterra Energy is making strides in expansion, with two deals worth $3.95 billion to enhance Permian presence, a debt offering of a massive $1.5 billion to fund strategic acquisitions and an impressive 49,000 prime acres in America's hot shale region. Although the company missed the profit estimates due to shrinking oil and gas prices, its Q3 2024 results showed strong production and good news for shareholders. There have been positive and negative speculations among Wall Street analysts about Coterra Energy's stock performance. The launch of the first fully automated hydraulic fracturing program with Halliburton and acquisition of Franklin Mountain's assets for $3.95B mark Coterra's innovation efforts. Despite some underperformance, the Q3 earnings report exceeded expectations and the production guidance was raised.
Coterra Energy CTRA News Analytics from Thu, 28 Mar 2024 07:00:00 GMT to Wed, 05 Feb 2025 13:30:16 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -4
