Stephens raised the firm’s price target on Coterra Energy (CTRA) to $35 from $33 and keeps an Overweight rating on the shares. The firm is adjusting 2025-2027 oil and natural gas price forecasts based on recent NYMEX strip prices, noting that OPEC’s decision to increase output amid rising U.S. production, moderating global demand growth, and trade policy-driven recession concerns have trimmed 2025 WTI spot prices 1% year-to-date and 4% over the past six months.
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 $30 from $32 at Morgan Stanley
- Coterra Energy exec Sirgo sells 90,000 common shares
- Early notable gainers among liquid option names on March 18th
- Coterra Energy price target raised to $38 from $37 at Barclays
- Coterra shares to underperform on Roemer sale, says Roth MKM