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Piper Sandler Reaffirms Their Buy Rating on Coterra Energy (CTRA)

Tipranks - Tipranks - Fri Mar 6, 6:46AM CST

Piper Sandler analyst Mark Lear maintained a Buy rating on Coterra Energy today and set a price target of $41.00.

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Lear covers the Energy sector, focusing on stocks such as Devon Energy, Coterra Energy, and Occidental Petroleum. According to TipRanks, Lear has an average return of 5.1% and a 57.45% success rate on recommended stocks.

In addition to Piper Sandler, Coterra Energy also received a Buy from UBS’s Josh Silverstein in a report issued yesterday. However, on February 27, Roth MKM assigned a Hold rating to Coterra Energy (NYSE: CTRA).

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Based on Coterra Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.79 billion and a net profit of $368 million. In comparison, last year the company earned a revenue of $1.45 billion and had a net profit of $297 million

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