Coterra Energy Inc., an independent oil and gas company, explores for, exploits, develops, produces, and markets oil and gas properties in the United States. It primarily focuses on the Marcellus Shale with approximately 175,000 net acres in the dry gas window of the play located in Susquehanna County, Pennsylvania. The company sells its natural gas to industrial customers, local distribution companies, gas marketers, and power generation facilities through gathering systems and pipelines. As of December 31, 2020, it had proved reserves of approximately 13,672 billion cubic feet of gas; and 15 thousand barrels of oil or other liquid hydrocarbons. Coterra Energy Inc. was incorporated in 1989 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: cabotog.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/27/2024 | $25.00 → $29.00 | Neutral → Buy | ROTH MKM |
7/18/2024 | $35.00 | Outperform | Wolfe Research |
6/14/2024 | $34.00 | Buy | BofA Securities |
5/16/2024 | $27.00 → $35.00 | Hold → Buy | Truist |
4/10/2024 | $36.00 | Overweight | Barclays |
1/5/2024 | $31.00 | Neutral → Buy | BofA Securities |
12/14/2023 | $33.00 → $31.00 | Neutral → Buy | UBS |
12/14/2023 | $59.00 → $30.00 | Equal Weight → Overweight | Wells Fargo |
12/11/2023 | $28.00 → $30.00 | Neutral → Buy | Citigroup |
10/24/2023 | $34.00 | Mkt Perform → Outperform | Raymond James |
ROTH MKM upgraded Coterra Energy from Neutral to Buy and set a new price target of $29.00 from $25.00 previously
Wolfe Research resumed coverage of Coterra Energy with a rating of Outperform and set a new price target of $35.00
BofA Securities resumed coverage of Coterra Energy with a rating of Buy and set a new price target of $34.00
Truist upgraded Coterra Energy from Hold to Buy and set a new price target of $35.00 from $27.00 previously
Barclays initiated coverage of Coterra Energy with a rating of Overweight and set a new price target of $36.00
BofA Securities upgraded Coterra Energy from Neutral to Buy and set a new price target of $31.00
UBS upgraded Coterra Energy from Neutral to Buy and set a new price target of $31.00 from $33.00 previously
Wells Fargo upgraded Coterra Energy from Equal Weight to Overweight and set a new price target of $30.00 from $59.00 previously
Citigroup upgraded Coterra Energy from Neutral to Buy and set a new price target of $30.00 from $28.00 previously
Raymond James upgraded Coterra Energy from Mkt Perform to Outperform and set a new price target of $34.00
4 - Coterra Energy Inc. (0000858470) (Issuer)
4 - Coterra Energy Inc. (0000858470) (Issuer)
4 - Coterra Energy Inc. (0000858470) (Issuer)
4 - Coterra Energy Inc. (0000858470) (Issuer)
4 - Coterra Energy Inc. (0000858470) (Issuer)
4 - Coterra Energy Inc. (0000858470) (Issuer)
4 - Coterra Energy Inc. (0000858470) (Issuer)
4 - Coterra Energy Inc. (0000858470) (Issuer)
4 - Coterra Energy Inc. (0000858470) (Issuer)
4 - Coterra Energy Inc. (0000858470) (Issuer)
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today announced it has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95 billion, consisting of $2.95 billion of cash and $1.0 billion of Coterra common stock, issued to one of the sellers, subject to certain purchase price adjustments. The cash portion of the consideration is expected to be funded through a combination of cash on hand and borrowings. The transactions are each subject to satisfaction of customary terms and conditions and are expected to close during the first quarter of 2025, with
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today reported third-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided fourth-quarter production and capital guidance and updated full-year 2024 guidance. Tom Jorden, Chairman, CEO and President of Coterra, noted, "Coterra continues to exceed its 2024 plan and has strong momentum with significant optionality heading into 2025. Our teams continue to deliver strong and improving capital efficiency through operational execution, all of which is guided by our relentless focus on economic returns. The Company's strong positioning is underpinned by its
Coterra Energy Inc. ("Coterra" or the "Company") (NYSE:CTRA) today announced it will host a conference call on Friday, November 1, 2024, at 8:00 AM CT (9:00 AM ET) to discuss third-quarter 2024 financial and operating results. The Company plans to announce third-quarter 2024 results after the market closes on Thursday, October 31, 2024. Conference Call Information Date: Friday, November 1, 2024 Time: 8:00 AM CT / 9:00 AM ET USA / International Toll +1 (646) 307-1963 USA - Toll-Free (800) 715-9871 Canada - Toronto (647) 932-3411 Canada - Toll-Free (800) 715-9871 Conference ID: 7309925 To access the live webcast, visit the "Events & Presentations" page under the "Investors" section of the C
Acquisitions Add High-Quality Assets that are Expected to Generate Attractive Returns Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of two acquisitions for oil and gas mineral interests and surface acreage located in the Permian Basin for an aggregate $169 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827099522/en/Delaware Basin mineral interests (Graphic: Business Wire) TPL acquired mineral interests across approximately 4,106 net royalty acres located in Culberson County, Texas. The acquired mineral interests overlap existing TPL royalty acreage in current
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today reported second-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided third-quarter production and capital guidance and updated full-year 2024 guidance. Key Takeaways & Updates For the second quarter of 2024, total barrels of oil equivalent (BOE) production, natural gas production, and oil production all beat the high-end of guidance, and incurred capital expenditures (non-GAAP) came in near the low-end of guidance. Increasing full-year 2024 BOE production guidance by 1% and oil production guidance by 2.4% from guidance provided in May,
Coterra Energy Inc. ("Coterra" or the "Company") (NYSE:CTRA) today announced it will host a conference call on Friday, August 2, 2024, at 8:00 AM CT (9:00 AM ET) to discuss second-quarter 2024 financial and operating results. The Company plans to announce second-quarter 2024 results after the market closes on Thursday, August 1, 2024. Conference Call Information Date: Friday, August 2, 2024 Time: 8:00 AM CT / 9:00 AM ET USA / International Toll +1 (646) 307-1963 USA - Toll-Free (800) 715-9871 Canada - Toronto (647) 932-3411 Canada - Toll-Free (800) 715-9871 Conference ID: 8017228 To access the live webcast, visit the "Events & Presentations" page under the "Investors" section of the Com
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today reported first-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided second-quarter production and capital guidance and updated full-year 2024 guidance. Key Takeaways & Updates For the first quarter of 2024, total barrels of oil equivalent (BOE) production beat the mid-point and oil production beat the high-end of guidance, and incurred capital expenditures (non-GAAP) came in below the low-end of guidance. Increasing full-year 2024 oil guidance 2.5% from initial guidance, driven by strong well performance and faster cycle times. Maintaini
BRISTOL, Tenn., April 15, 2024 /PRNewswire/ -- Alpha Metallurgical Resources, Inc. (NYSE:AMR), a leading U.S. supplier of metallurgical products for the steel industry, plans to announce its first quarter 2024 financial results before the market opens on Monday, May 6, 2024. The company also expects to hold a conference call to discuss its first quarter 2024 results at 10:00 a.m. Eastern time on May 6. Participating on the call will be Alpha's chief executive officer, Andy Eidson; president and chief operating officer, Jason Whitehead; executive vice president and chief financ
Coterra Energy Inc. ("Coterra" or the "Company") (NYSE:CTRA) today announced it will host a conference call on Friday, May 3, 2024, at 8:00 AM CT (9:00 AM ET) to discuss first-quarter 2024 financial and operating results. The Company plans to announce first-quarter 2024 results after the market closes on Thursday, May 2, 2024. Conference Call Information Date: Friday, May 3, 2024 Time: 8:00 AM CT / 9:00 AM ET Dial-in (for callers in the U.S. and Canada): (888) 550-5424 Int'l dial-in: (646) 960-0819 Conference ID: 3813676 To access the live webcast, visit the "Events & Presentations" page under the "Investors" section of the Company's website at www.coterra.com. The replay will be archiv
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today reported fourth-quarter and full-year 2023 results, provided first-quarter and full-year 2024 guidance and released a new three-year outlook for 2024 through 2026. The Company also declared a quarterly dividend of $0.21 per share, a 5% increase year-over-year. Key Takeaways & Updates For the fourth quarter of 2023, total barrels of oil equivalent and oil production beat the high-end of guidance and incurred capital expenditures (non-GAAP) came in below the low-end of guidance. Relative to our initial full-year 2023 guidance, total barrels of oil equivalent and oil production beat the high-end of guidance by 3% and 5%
8-K - Coterra Energy Inc. (0000858470) (Filer)
S-3ASR - Coterra Energy Inc. (0000858470) (Filer)
S-3ASR - Coterra Energy Inc. (0000858470) (Filer)
10-Q - Coterra Energy Inc. (0000858470) (Filer)
8-K - Coterra Energy Inc. (0000858470) (Filer)
SD - Coterra Energy Inc. (0000858470) (Filer)
8-K - Coterra Energy Inc. (0000858470) (Filer)
10-Q - Coterra Energy Inc. (0000858470) (Filer)
8-K - Coterra Energy Inc. (0000858470) (Filer)
10-Q - Coterra Energy Inc. (0000858470) (Filer)
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today announced it has entered into two separate definitive agreements to acquire certain assets of Franklin Mountain Energy and Avant Natural Resources and its affiliates for aggregate consideration of $3.95 billion, consisting of $2.95 billion of cash and $1.0 billion of Coterra common stock, issued to one of the sellers, subject to certain purchase price adjustments. The cash portion of the consideration is expected to be funded through a combination of cash on hand and borrowings. The transactions are each subject to satisfaction of customary terms and conditions and are expected to close during the first quarter of 2025, with
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today announced that Blake Sirgo, Senior Vice President of Operations, will participate in a fireside chat at the Bank of America Securities-Global Energy Conference. The fireside chat will begin at 2:20 PM ET on Tuesday, November 12, 2024. A live webcast of the presentation will be available on the "Events & Presentations" page under the "Investors" section of the Company's website at www.coterra.com. The webcast will be archived and available for 180 days at the same location after the conclusion of the live event. About Coterra Energy Coterra is a premier exploration and production company based in Houston, Texas with foc
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today reported third-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided fourth-quarter production and capital guidance and updated full-year 2024 guidance. Tom Jorden, Chairman, CEO and President of Coterra, noted, "Coterra continues to exceed its 2024 plan and has strong momentum with significant optionality heading into 2025. Our teams continue to deliver strong and improving capital efficiency through operational execution, all of which is guided by our relentless focus on economic returns. The Company's strong positioning is underpinned by its
Coterra Energy Inc. ("Coterra" or the "Company") (NYSE:CTRA) today announced it will host a conference call on Friday, November 1, 2024, at 8:00 AM CT (9:00 AM ET) to discuss third-quarter 2024 financial and operating results. The Company plans to announce third-quarter 2024 results after the market closes on Thursday, October 31, 2024. Conference Call Information Date: Friday, November 1, 2024 Time: 8:00 AM CT / 9:00 AM ET USA / International Toll +1 (646) 307-1963 USA - Toll-Free (800) 715-9871 Canada - Toronto (647) 932-3411 Canada - Toll-Free (800) 715-9871 Conference ID: 7309925 To access the live webcast, visit the "Events & Presentations" page under the "Investors" section of the C
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today announced that Thomas E. Jorden, Chairman, Chief Executive Officer and President, will participate in a fireside chat at the Barclays Energy-Power Conference. The fireside chat will begin at 1:15 PM ET on Wednesday, September 4, 2024. A live webcast of the presentation will be available on the "Events & Presentations" page under the "Investors" section of the Company's website at www.coterra.com. The webcast will be archived and available for 180 days at the same location after the conclusion of the live event. About Coterra Energy Coterra is a premier exploration and production company based in Houston, Texas with foc
Acquisitions Add High-Quality Assets that are Expected to Generate Attractive Returns Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of two acquisitions for oil and gas mineral interests and surface acreage located in the Permian Basin for an aggregate $169 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827099522/en/Delaware Basin mineral interests (Graphic: Business Wire) TPL acquired mineral interests across approximately 4,106 net royalty acres located in Culberson County, Texas. The acquired mineral interests overlap existing TPL royalty acreage in current
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today reported second-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided third-quarter production and capital guidance and updated full-year 2024 guidance. Key Takeaways & Updates For the second quarter of 2024, total barrels of oil equivalent (BOE) production, natural gas production, and oil production all beat the high-end of guidance, and incurred capital expenditures (non-GAAP) came in near the low-end of guidance. Increasing full-year 2024 BOE production guidance by 1% and oil production guidance by 2.4% from guidance provided in May,
Coterra Energy Inc. ("Coterra" or the "Company") (NYSE:CTRA) today announced it will host a conference call on Friday, August 2, 2024, at 8:00 AM CT (9:00 AM ET) to discuss second-quarter 2024 financial and operating results. The Company plans to announce second-quarter 2024 results after the market closes on Thursday, August 1, 2024. Conference Call Information Date: Friday, August 2, 2024 Time: 8:00 AM CT / 9:00 AM ET USA / International Toll +1 (646) 307-1963 USA - Toll-Free (800) 715-9871 Canada - Toronto (647) 932-3411 Canada - Toll-Free (800) 715-9871 Conference ID: 8017228 To access the live webcast, visit the "Events & Presentations" page under the "Investors" section of the Com
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today announced that Thomas E. Jorden, Chairman, Chief Executive Officer and President, will participate in a fireside chat at the J.P. Morgan Energy, Power and Renewables Conference. The fireside chat will begin at 8:00 AM ET on Tuesday, June 18, 2024. A live webcast of the presentation will be available on the "Events & Presentations" page under the "Investors" section of the Company's website at www.coterra.com. The webcast will be archived and available for 30 days at the same location after the conclusion of the live event. About Coterra Energy Coterra is a premier exploration and production company based in Houston, Te
Coterra Energy Inc. (NYSE:CTRA) ("Coterra" or the "Company") today reported first-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided second-quarter production and capital guidance and updated full-year 2024 guidance. Key Takeaways & Updates For the first quarter of 2024, total barrels of oil equivalent (BOE) production beat the mid-point and oil production beat the high-end of guidance, and incurred capital expenditures (non-GAAP) came in below the low-end of guidance. Increasing full-year 2024 oil guidance 2.5% from initial guidance, driven by strong well performance and faster cycle times. Maintaini
HOUSTON, Nov. 2, 2022 /PRNewswire/ -- Coterra Energy Inc. (the "Company" or "Coterra") (NYSE:CTRA) announced today that the Company's Board of Directors appointed Thomas E. Jorden, its President and Chief Executive Officer, as Chairman of the Board effective January 1, 2023, succeeding Dan O. Dinges, as Executive Chairman upon the expiration of his term on December 31, 2022 in accordance with the merger agreement between the Company and Cimarex Energy Co. ("Cimarex"). Mr. Dinges will remain as Chair of the Executive Committee. The Board also appointed Robert Boswell to succeed Lisa Stewart as Lead Independent Director effective January 1, 2023. "I want to express my appreciation to the Board
Texas Pacific Land Corporation (NYSE:TPL) ("TPL" or the "Company") today announced the appointment of two new members to TPL's board of directors (the "Board") and provided an update on the evaluation of the declassification of the Board. Appointment of new Directors to the Board The Board has appointed Rhys J. Best and Karl F. Kurz as directors, effective April 15, 2022. In connection with these appointments, the Board increased its size to ten (10) directors. Each of Mr. Kurz, who will serve the remainder of the board term vacated by Dana McGinnis in March, and Mr. Best, who will stand for re-election at the 2022 annual meeting of stockholders, each will bring decades of corporate leade
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Across the recent three months, 8 analysts have shared their insights on Coterra Energy (NYSE:CTRA), expressing a variety of opinions spanning from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 2 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 3 2 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $35.5, along with a high estimate of $41.00 and a low estimate of $31.00. This up
Truist Securities analyst Neal Dingmann maintains Coterra Energy (NYSE:CTRA) with a Buy and lowers the price target from $35 to $34.
Wolfe Research analyst Doug Leggate reinstates Coterra Energy (NYSE:CTRA) with a Outperform.
Coterra Energy's (NYSE:CTRA) short percent of float has fallen 21.56% since its last report. The company recently reported that it has 13.63 million shares sold short, which is 2.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.68 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
Coterra Energy (NYSE:CTRA) has been analyzed by 18 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 8 7 3 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 0 0 0 2M Ago 2 4 1 0 0 3M Ago 3 3 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $33.39, a high estimate of $41.00, and a low estimate of $26.00. Surpassing the previous average price target of $
B of A Securities analyst Kalei Akamine reinstates Coterra Energy (NYSE:CTRA) with a Buy and announces $34 price target.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Energy Transfer LP (NYSE:ET). “You've got a winner there now. They have done a very good job,” he added. On May 28, Energy Transfer announced the acquisition of WTG Midstream in a $3.25 billion transaction. When asked about Obsidian Energy Ltd. (NYSE:OBE), he said, “You can hold it, but I'd rather see you in Coterra (NYSE:CTRA).” On May 2, Obsidian Energy posted weak earnings for its first quarter. The “Mad Money” host recommended selling SoundHound AI, Inc. (NASDAQ:SOUN). On May 9, SoundHound AI reported better-than-expected first-quarter financial results. When asked about Super Micro Computer, Inc. (NAS
Providing a diverse range of perspectives from bullish to bearish, 20 analysts have published ratings on Coterra Energy (NYSE:CTRA) in the last three months. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 8 9 3 0 0 Last 30D 1 0 0 0 0 1M Ago 3 2 0 0 0 2M Ago 1 5 3 0 0 3M Ago 3 2 0 0 0 Analysts have set 12-month price targets for Coterra Energy, revealing an average target of $33.4, a high estimate of $41.00, and a low estimate of $26.00. This upward trend is evident, with t
Citigroup analyst Scott Gruber maintains Coterra Energy (NYSE:CTRA) with a Buy and raises the price target from $30 to $31.