Abdul Rahman
1 min read
In This Article:
Coterra Energy Inc. (NYSE:CTRA) is one of Goldman Sachs’ top energy stock picks. On June 25, JPMorgan reiterated an Overweight rating on the stock. The stance comes as the energy continues to address production challenges at its shale operations. The investment bank also hiked its price target to $34 from $32.
An aerial view of an industrial natural gas refinery, with smoke billowing out.
The company had reported complications and problems with water production at its Harkey Shale wells. It had experienced abnormally high water production on 11 of its 22 wells at the Windham Row project. Following the challenges, Coterra put a pause on Harkey development to try and address the issues across the affected wells.
Coterra Energy Inc. (NYSE:CTRA) is an independent exploration and production (E&P) company. It explores and develops oil, natural gas, and natural gas liquids within the continental United States.
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Disclosure: None.
