Coterra Energy Inc. (CTRA) is garnering significant interest from investors and analysts alike. Various investment firms have increased their holdings in the company, including
Core Alternative Capital,
Empowered Funds LLC,
Sumitomo Mitsui DS Asset Management Company Ltd,
Beaumont Asset Management L.L.C, and
Berry Wealth Group LP. Meanwhile, some institutions like
Stephens Inc. and the
State of Alaska Department of Revenue have reduced their positions. Several Wall Street analytical firms predict a bullish trend for CTRA stock.
Goldman Sachs and
UBS Group analysts believe the stock price is set to rise, and its price target has been increased by both
J.P. Morgan and
UBS. The company has made some significant moves in the market, such as securing 49,000 prime land acres in America's most sough-after shale region, and carrying out dual acquisitions worth $3.95 billion intended to increase its Permian presence. Despite these positive movements, insiders have sold stocks worth US$2.3m, potentially suggesting caution. Lastly, Jim Cramer, renowned for his market insights, labelled Coterra as having the 'shrewdest operators in the industry' and being his 'only energy holding in his charitable trust'.
Coterra Energy CTRA News Analytics from Mon, 01 Jul 2024 07:00:00 GMT to Sat, 15 Feb 2025 20:38:19 GMT -
Rating 8
- Innovation 4
- Information 9
- Rumor -6
