Coterra Energy price target lowered to $33 from $36 at JPMorgan

JPMorgan analyst Arun Jayaram lowered the firm’s price target on Coterra Energy (CTRA) to $33 from $36 and keeps an Overweight rating on the shares. The firm have refreshed its exploration and production models, including its natural gas supply-demand analysis, after digesting 2025 producer capex budgets, updated winter degree day data, and stronger than expected liquified natural gas demand pull. The combination of record U.S. oil supply, the return of OPEC+ barrels in April, and global trade risk amid tariffs could result in a further decline in oil prices to force higher cost barrels out of the market, the analyst tells investors in a research note.