Coterra EnergyCTRA
Market Cap: $16.9B
About: Coterra Energy Inc is an independent oil and gas company engaged in the development, exploration, and production of oil, natural gas, and NGLs. The company's operations are primarily concentrated in three core operating areas; the Permian Basin in west Texas and southeast New Mexico, the Marcellus Shale in northeast Pennsylvania, and the Anadarko Basin in the Mid-Continent region in Oklahoma.
Employees: 1,224
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
28% more call options, than puts
Call options by funds: $150M | Put options by funds: $117M
14% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 90
2% more funds holding
Funds holding: 855 [Q1] → 868 (+13) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 332 | Existing positions reduced: 309
0.41% less ownership
Funds ownership: 88.4% [Q1] → 87.99% (-0.41%) [Q2]
6% less capital invested
Capital invested by funds: $18.5B [Q1] → $17.5B (-$1.05B) [Q2]
44% less funds holding in top 10
Funds holding in top 10: 9 [Q1] → 5 (-4) [Q2]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Susquehanna Biju Perincheril 44% 1-year accuracy 33 / 75 met price target | 31%upside $30 | Positive Maintained | 4 Sept 2024 |
Roth MKM Leo Mariani 9% 1-year accuracy 1 / 11 met price target | 27%upside $29 | Buy Upgraded | 27 Aug 2024 |
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target | 35%upside $31 | Overweight Maintained | 15 Aug 2024 |
UBS Josh Silverstein 22% 1-year accuracy 8 / 37 met price target | 48%upside $34 | Buy Maintained | 8 Aug 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 48%upside $34 | Buy Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 8 articles about CTRA published over the past 30 days