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Coterra shares to underperform on Roemer sale, says Roth MKM

Roth MKM analyst Leo Mariani expects shares of Coterra Energy (CTRA) to have a slight negative reaction versus peers today after the company’s retiring Chief Accounting Officer Todd Roemer filed to sell 48,000 shares worth $1.33M. Roth keeps a Buy rating on the stock with a $33 price target citing Coterra’s much higher natural gas exposure, its “discounted valuation,” and strong balance sheet

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