UBS Remains a Buy on Coterra Energy (CTRA)
In a report released on March 19, Josh Silverstein from UBS maintained a Buy rating on Coterra Energy, with a price target of $43.00. The company’s shares closed last Friday at $33.90.
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Silverstein covers the Energy sector, focusing on stocks such as Ovintiv, Devon Energy, and APA. According to TipRanks, Silverstein has an average return of 12.2% and a 65.67% success rate on recommended stocks.
In addition to UBS, Coterra Energy also received a Buy from TipRanks – OpenAI’s OpenAI Oil and Gas Exploration and Production in a report issued yesterday. However, on the same day, TipRanks – Anthropic downgraded Coterra Energy (NYSE: CTRA) to a Hold.
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 $43 from $36 at Mizuho
- 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
