Siebert Williams Shank & Co analyst Gabriele Sorbara has reiterated their bullish stance on CTRA stock, giving a Buy rating today.
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Gabriele Sorbara has given his Buy rating due to a combination of factors surrounding Coterra Energy’s strategic adjustments and potential for future performance. Despite the company’s disappointing first-quarter results and weaker-than-expected second-quarter guidance, Sorbara acknowledges the strength of Coterra’s diversified portfolio. The company has strategically shifted its focus from oil-directed activities in the Permian Basin to natural gas activities in the Marcellus, which is expected to enhance efficiency and resilience.
Furthermore, Coterra has managed to reduce its 2025 capital expenditures while slightly increasing its total production guidance, maintaining the midpoint of its oil production guidance. This strategic pivot, along with the attractive valuation and potential for strong capital returns, suggests that the company’s share performance could improve as market conditions stabilize. Sorbara’s Buy rating reflects confidence in Coterra’s ability to deliver value to investors in the long term, despite the current challenges.
According to TipRanks, Sorbara is a 5-star analyst with an average return of 17.9% and a 51.36% success rate. Sorbara covers the Energy sector, focusing on stocks such as Comstock Resources, Diamondback, and Range Resources.
In another report released today, Piper Sandler also maintained a Buy rating on the stock with a $37.00 price target.