Coterra Energy price target lowered to $27 from $32 at Roth Capital

Roth Capital lowered the firm’s price target on Coterra Energy (CTRA) to $27 from $32 and keeps a Buy rating on the shares. The firm downgraded a host of gas stocks and lowered price targets on others, saying Henry Hub natural gas prices may remain challenged well into 2026 due to oversupply conditions. The industry “seemingly hasn’t learned the key lesson of the past two decades that supply ruins the party,” the analyst tells investors in a research note. Roth does not expect gas prices to meaningfully improve until supply growth is constrained. As such, the firm sees weak supply/demand fundamentals for gas exposed companies.