Barclays Keeps Their Buy Rating on Coterra Energy (CTRA)
In a report released on March 13, Betty Jiang from Barclays maintained a Buy rating on Coterra Energy, with a price target of $37.00. The company’s shares closed last Friday at $32.15.
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Jiang covers the Energy sector, focusing on stocks such as Coterra Energy, Chevron, and Devon Energy. According to TipRanks, Jiang has an average return of 5.2% and a 54.55% success rate on recommended stocks.
Coterra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $33.38, representing a 3.83% upside. In a report released on March 12, Piper Sandler also maintained a Buy rating on the stock with a $47.00 price target.
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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- Coterra Energy price target raised to $37 from $34 at Barclays
- Coterra Energy price target raised to $47 from $41 at Piper Sandler
- Coterra Energy downgraded to Hold from Buy at Texas Capital
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 8
- Coterra Energy downgraded to Hold from Buy at Siebert Williams
