Coterra EnergyCTRA
Market Cap: 19.2B
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 Q1 SEC filings by fund managers ($100M+ AUM)
80% more funds holding in top 10
Funds holding in top 10: 5 [Q4 2023] → 9 (+4) [Q1 2024]
48% more call options, than puts
Call options by funds: $160M | Put options by funds: $108M
8% more capital invested
Capital invested by funds: $16.9B [Q4 2023] → $18.3B (+$1.39B) [Q1 2024]
0.7% less ownership
Funds ownership: 87.9% [Q4 2023] → 87.2% (-0.7%) [Q1 2024]
7% less repeat investments, than reductions
Existing positions increased: 306 | Existing positions reduced: 329
4% less funds holding
Funds holding: 874 [Q4 2023] → 839 (-35) [Q1 2024]
28% less first-time investments, than exits
New positions opened: 90 | Existing positions closed: 125
Research analyst outlook
22 Wall Street Analysts provided 1 year price forecasts over the past 6 months
22 analyst ratings
Truist Securities Neal Dingmann | 32%upside $34 | Buy Maintained | 22 Jul 2024 |
B of A Securities Kalei Akamine | 32%upside $34 | Buy Reinstated | 14 Jun 2024 |
Citigroup Scott Gruber | 20%upside $31 | Buy Maintained | 24 May 2024 |
Truist Securities Neal Dingmann | 36%upside $35 | Buy Upgraded | 16 May 2024 |
Piper Sandler Mark Lear | 51%upside $39 | Overweight Maintained | 14 May 2024 |
Financial journalist opinion
Based on 13 articles about CTRA published over the past 30 days