Coterra EnergyCTRA
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 Q3 regulatory filings by fund managers ($100M+ AUM)
48% more call options, than puts
Call options by funds: $190M | Put options by funds: $128M
40% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]
0.48% less ownership
Funds ownership: 89.15% [Q2] → 88.67% (-0.48%) [Q3]
7% less funds holding
Funds holding: 873 [Q2] → 810 (-63) [Q3]
11% less capital invested
Capital invested by funds: $17.7B [Q2] → $15.7B (-$2B) [Q3]
17% less repeat investments, than reductions
Existing positions increased: 277 | Existing positions reduced: 332
45% less first-time investments, than exits
New positions opened: 77 | Existing positions closed: 140
Research analyst outlook
19 Wall Street Analysts provided 1 year price targets over the past 3 months
19 analyst ratings
Wells Fargo Roger Read 39% 1-year accuracy 33 / 85 met price target | 34%upside $35 | Overweight Maintained | 15 Nov 2024 |
UBS Josh Silverstein 75% 1-year accuracy 33 / 44 met price target | 34%upside $35 | Buy Maintained | 15 Nov 2024 |
Morgan Stanley Devin McDermott 50% 1-year accuracy 12 / 24 met price target | 11%upside $29 | Equal-Weight Maintained | 14 Nov 2024 |
Truist Securities Neal Dingmann 52% 1-year accuracy 63 / 122 met price target | 26%upside $33 | Buy Maintained | 14 Nov 2024 |
Barclays Betty Jiang 59% 1-year accuracy 13 / 22 met price target | 26%upside $33 | Overweight Maintained | 14 Nov 2024 |
Financial journalist opinion
Based on 13 articles about CTRA published over the past 30 days
