Barclays analyst Betty Jiang lowered the firm’s price target on Coterra Energy (CTRA) to $35 from $37 and keeps an Overweight rating on the shares. Despite the “rare operational hiccup” in Q1, Coterra has a resilient, diversified upstream asset base well situated for the current macro environment, the analyst tells investors in a research note.
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Read More on CTRA:
- 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
- Coterra Energy options imply 3.8% move in share price post-earnings
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