Mizuho Maintains Buy Rating for Coterra Energy: Here's What You Need To Know

Mizuho has decided to maintain its Buy rating of Coterra Energy CTRA and raise its price target from $38.00 to $39.00.

Shares of Coterra Energy are trading up 0.86% over the last 24 hours, at $25.67 per share.

A move to $39.00 would account for a 51.93% increase from the current share price.

About Coterra Energy

Coterra is an independent exploration and production company with operations in Appalachia, the Permian Basin, and Oklahoma. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2022, Coterra's proved reserves were 2.4 billion barrels of oil equivalent, with net production that year of approximately 633 million barrels of oil equivalent per day (of which 74% was natural gas).

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This article was generated by Benzinga's automated content engine and reviewed by an editor.