Coterra Energy Inc. with ticker code (CTRA) now have 26 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $41.00 and $29.00 suggesting an average analyst share price target price of $33.67. (at the time of writing). Now with the previous closing price of $23.25 this indicates there is a potential upside of 44.8%. It’s also worth noting that there is a 50 day moving average of $26.74 and the 200 moving average now moves to $26.58. The market capitalization for the company is 17.38B. The stock price is currently at: $23.51 USD
The potential market cap would be $25,169,710,206 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 13.59, revenue per share of $7.43 and a 5.32% return on assets.
Coterra Energy Inc. is an independent oil and gas company. The Company is engaged in the development, exploration and production of oil, natural gas, and natural gas liquids (NGLs). Its operations are primarily concentrated in three operating areas: the Permian Basin in west Texas and southern New Mexico, the Marcellus Shale in northeast Pennsylvania and the Anadarko Basin in the Mid-Continent region in Oklahoma. The Permian Basin properties hold approximately 307,000 net acres in the play. The Marcellus Shale properties hold approximately 183,000 net acres in the dry gas window in the Marcellus Shale. The Anadarko Basin properties hold approximately 182,000 net acres in the play. It also operates a number of natural gas gathering and saltwater gathering and disposal systems. It sells oil, natural gas and NGLs to a range of customers, including industrial customers, local distribution companies, oil and gas marketers, pipeline companies and power generation facilities.
