Coterra Energy (CTRA) Stock Receives $31 Price Target

By Amit Chowdhry ● Nov 23, 2022
  • The shares of Coterra Energy (CTRA) recently received a $31 price target. These are the details.

The shares of Coterra Energy (CTRA) recently received a $31 price target.

Price target: $31

Rating: Neutral

Analyst firm: Piper Sandler

Piper Sandler analysts adjusted the rating after updating exploration and production models and fiscal 2023 outlooks following the third quarter results. And while the group has stuck with disciplined allocation and continues to prioritize capital return, increased service costs are driving incremental capital expenditures in the fourth quarter and next year.