Morgan Stanley has revised its financial outlook for Coterra Energy (CTRA, Financial), reducing the target price for its stock from $30 to $28. Despite this adjustment, the firm maintains an Equal Weight rating on Coterra shares.
The change comes as part of a broader reassessment of the firm's North American energy sector coverage. This adjustment reflects recent declines in oil prices, which have prompted the firm to lower its cash flow forecasts for 2025-26 below the general market consensus.
In light of a challenging market environment, Morgan Stanley now anticipates a greater discount when assessing net asset value implied multiples, particularly for smaller and mid-sized producers facing potential execution risks. The analyst further underscores that the current weak fundamentals in the oil market contribute to maintaining an In-Line view on the exploration and production (E&P) industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for Coterra Energy Inc (CTRA, Financial) is $34.40 with a high estimate of $40.00 and a low estimate of $27.00. The average target implies an upside of 37.29% from the current price of $25.06. More detailed estimate data can be found on the Coterra Energy Inc (CTRA) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, Coterra Energy Inc's (CTRA, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Coterra Energy Inc (CTRA, Financial) in one year is $34.87, suggesting a upside of 39.15% from the current price of $25.06. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Coterra Energy Inc (CTRA) Summary page.
