Coterra Energy (CTRA) Gets a Buy Rating from Wells Fargo

In a report released today, Nitin Kumar CFA from Wells Fargo maintained a Buy rating on Coterra Energy (CTRAResearch Report), with a price target of $46.00. The company’s shares closed last Friday at $26.31.

According to, CFA is a top 100 analyst with an average return of 31.0% and a 75.7% success rate. CFA covers the Utilities sector, focusing on stocks such as Continental Resources, Southwestern Energy, and Magnolia Oil & Gas.

Coterra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $38.64.

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Coterra Energy’s market cap is currently $21.2B and has a P/E ratio of 12.33.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CTRA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cabot Oil & Gas Corp. engages in the development, exploitation, and exploration of oil and gas properties. It operates through the Marcellus shale in Pennsylvania. The company was founded in 1989 and is headquartered in Houston, TX.

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