Barclays has adjusted its outlook on Coterra Energy (CTRA, Financial), reducing the price target from $38 to $37 while maintaining an Overweight rating on the stock. This update comes as part of a broader preview of the first-quarter performance in the integrated oil and exploration sector.
The assessment highlights a focus on the macroeconomic environment, emphasizing that companies with low operational costs and robust balance sheets are better positioned to withstand the pressures of a low oil price landscape. The move reflects Barclays' updated projections for oil pricing, which anticipate $60 per barrel in 2025 and $65 per barrel in 2026.
The analysis suggests that market uncertainties will persist, influencing strategic decisions and performance evaluations in the sector. Investors are advised to monitor how these dynamics affect companies like Coterra Energy, which may benefit from their financial resilience amidst fluctuating oil prices.
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 $33.75 with a high estimate of $40.00 and a low estimate of $27.00. The average target implies an upside of 34.57% from the current price of $25.08. 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 $34.54, suggesting a upside of 37.72% from the current price of $25.08. 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.
