Coterra Energy (CTRA) has made several noteworthy moves in the market recently. Financial firm Raymond James has increased the company's price target from $33 to $38, indicating positive expectations. The higher quarterly profit reported by the shale producer, along with its decision to cut spending targets, proved to be lucrative. However, the company faced a temporary setback during a market dip. Coterra outperformed earning estimates with an increase in production and followed this by raising its dividends. The company's prospects look promising with TV personality Jim Cramer endorsing its bright future. Wall Street has varying opinions, with JP Morgan maintaining an overweight rating but reducing the price target to $32. Earnings, largely, have been a mixed bag with Coterra just missing Q1 2025 expectations but notably beating other estimates. Notable alignments with energy dividends and ongoing adjustments to capital strategy hint potential upsides. However, fluctuating oil and gas prices have led to certain misses on profit estimates. Lastly, the company made sizable land deals and launched an automated hydraulic fracturing program with Halliburton.
Coterra Energy CTRA News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Sat, 14 Jun 2025 12:45:29 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor 4
