Sohini Mondal
2 min read
Valued at a market cap of $20.4 billion, Coterra Energy Inc. (CTRA) is an independent oil and gas company that engages in the exploration, development, and production of oil, natural gas, and natural gas liquids. Based in Houston, Texas, the company focuses its operations on the Permian Basin, Marcellus Shale, and Anadarko Basin.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Coterra Energy fits this description perfectly. The company also operates natural gas and saltwater gathering and disposal systems in Texas. It sells its natural gas to industrial customers, local distribution companies, oil and gas marketers, energy companies, pipeline companies, and power generation facilities.
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Coterra Energy’s stock dropped 10.9% from its 52-week high of $29.95. Shares of CTRA have declined 5.2% over the past three months, lagging behind the broader Dow Jones Industrials Average's ($DOWI) marginal increase.
In the longer term, shares of Coterra Energy have risen marginally over the past 52 weeks, underperforming the Dow Jones’ 8.9% return over the same time frame. However, on a YTD basis, CTRA stock has gained 4.5%, outpacing the DOWI’s marginal decrease.
The stock is trading above its 50-day and 200-day moving averages since early June.
Coterra Energy’s stock fell 9.3% following the release of its mixed Q1 2025 results on May 5. The company reported revenue of $1.9 billion, marking a 32.9% increase from the prior year quarter, but below analysts' forecasts. Its adjusted EPS came in at $0.80, a strong 56.9% increase from the prior-year quarter, and topped Street estimates.
However, shares declined as investor sentiment soured following the company's decision to trim its full-year 2025 capital expenditures guidance to a range of $2 billion to $2.3 billion.
In contrast, rival Devon Energy Corporation (DVN) has underperformed CTRA's stock over the past 52 weeks, declining 24.2%. Although DVN stock has soared 6.1% on a YTD basis, surpassing CTRA stock.
Despite the stock’s underperformance relative to the Dow over the past year, analysts have a bullish outlook. With 23 analysts covering the stock, the consensus rating is “Strong Buy,” and it is currently trading below the mean price target of $33.17.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
