Coterra Energy (CTRA)

• Market cap: $20.2B
• 1 day: -2.60%
• 5 days: -3.42%
• 1 month: 4.38%
• 3 months: 11.57%
• 6 months: 16.50%
• Year to date: 4.78%
• 1 year: 12.62%
• 5 years: 20.29%
• 10 years: 20.29%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

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)

42% more call options, than puts

Call options by funds: $215M | Put options by funds: $151M

40% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]

0.18% less ownership

Funds ownership: 90.75% [Q2] → 90.56% (-0.18%) [Q3]

7% less funds holding

Funds holding: 877 [Q2] → 819 (-58) [Q3]

11% less capital invested

Capital invested by funds: $18B [Q2] → $16B (-$1.98B) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 280 | Existing positions reduced: 338

38% less first-time investments, than exits

New positions opened: 76 | Existing positions closed: 122

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $28 2% upside
• Avg. target: $35 26% upside
• High target: $41 50% upside

11 analyst ratings

• positive: 9 82%
• neutral: 2 18%
• negative: 0 0%

Jefferies Lloyd Byrne 59% 1-year accuracy 13 / 22 met price target	2% upside $28	Hold Maintained	4 Feb 2025
Barclays Betty Jiang 33% 1-year accuracy 10 / 30 met price target	31% upside $36	Overweight Maintained	30 Jan 2025
Piper Sandler Mark Lear 43% 1-year accuracy 76 / 176 met price target	24% upside $34	Overweight Maintained	29 Jan 2025
Raymond James John Freeman 25% 1-year accuracy 5 / 20 met price target	50% upside $41	Outperform Maintained	23 Jan 2025
Truist Securities Neal Dingmann 35% 1-year accuracy 54 / 156 met price target	35% upside $37	Buy Maintained	13 Jan 2025