Barclays lowered the firm’s price target on Coterra Energy (CTRA) to $37 from $38 and keeps an Overweight rating on the shares as part of a Q1 preview for the integrated oil and exploration and production group. The focus will be on the macro environment this quarter, as companies with low break-evens and strong balance sheets show better protection in a low oil price environment, the analyst tells investors in a research note. Barclays lowered its oil price deck for 2025 and 2026 to $60 and $65, respectively, and sees uncertainties persisting.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CTRA:
- Coterra Energy price target lowered to $32 from $34 at Susquehanna
- Coterra Energy price target lowered to $33 from $37 at Raymond James
- Coterra Energy price target raised to $36 from $35 at Wells Fargo
- Coterra Energy price target lowered to $28 from $30 at Morgan Stanley
- Coterra Energy price target lowered to $33 from $38 at Scotiabank