Coterra Energy, amidst market pressures and trade concerns, expects to provide key financial updates and Q1 2025 earnings on May 6. Analysts from Scotiabank downgraded Coterra's price target to $33, while JP Morgan maintains an overweight rating, uplifting the target to $34. Meanwhile, UBS matches Scotiabank's lowered target.
Jim Cramer of CNBC lauded Coterra for its future prospects as the demand for Natural Gas increases. Several reports suggest that Coterra stock might be outpacing its peers in the Oils-Energy sector. The company has projected an imminent boost in its dividends to $0.22. Two senior executives announced their 2025-26 retirement plans after making significant contributions to Coterra. Coterra missed profit estimates due to fluctuating oil and gas prices but recently launched an unprecedented fully automated fracturing program with
Halliburton. Enlarging its presence in the Permian, Coterra made a significant move with two deals worth $3.95 billion. Despite downward adjustments by some banks, Coterra remains resilient in Q3 2024, with strong production results. It shines light on its financial performance before its Q4 2024 earnings call, and is poised for superior ROE as stated by
Goldman Sachs.
Coterra Energy CTRA News Analytics from Wed, 03 Jul 2024 07:00:00 GMT to Fri, 11 Apr 2025 13:27:36 GMT -
Rating 4
- Innovation -4
- Information 3
- Rumor 8
