Roth Capital lowered the firm’s price target on Coterra Energy (CTRA) to $34 from $35 and keeps a Buy rating on the shares post the Q1 report. The cut 2025 and 2026 earnings estimates to reflect lower oil prices and and higher costs. Coterra said that its acquisitions of Franklin Mountain and Avant are going very well, and that results of new wells have been at or above expectations, the analyst tells investors in a research note.
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Read More on CTRA:
- Coterra Energy price target lowered to $35 from $37 at Barclays
- Strategic Shift and Resilience: Gabriele Sorbara’s Buy Rating on Coterra Energy
- Coterra Energy’s Strategic Shift and Operational Efficiency Justify Buy Rating
- Coterra Energy cuts FY25 capex view to $2.0B-$2.3B from $2.1B-$2.4B
- Coterra Energy reports Q1 EPS 80c, consensus 80c
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