Morgan Stanley Keeps Their Hold Rating on Coterra Energy (CTRA)
In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on Coterra Energy, with a price target of $28.00.
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According to TipRanks, McDermott is a 5-star analyst with an average return of 9.5% and a 57.11% success rate. McDermott covers the Energy sector, focusing on stocks such as Chevron, Exxon Mobil, and Devon Energy.
Currently, the analyst consensus on Coterra Energy is a Strong Buy with an average price target of $32.45.
Based on Coterra Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.82 billion and a net profit of $322 million. In comparison, last year the company earned a revenue of $1.3 billion and had a net profit of $252 million
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