J.P. Morgan analyst Arun Jayaram maintains $Coterra Energy (CTRA.US)$ with a buy rating, and adjusts the target price from $28 to $24.
According to TipRanks data, the analyst has a success rate of 50.6% and a total average return of 8.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Coterra Energy (CTRA.US)$'s main analysts recently are as follows:
Coterra Energy has been performing well operationally and financially, yet it appears to undermine its own successes with its communication approach regarding mergers and acquisitions. The company unexpectedly addressed a point that was not inquired about, drawing attention to conditions that might compel it to 'stretch' in terms of acquisitions.
Coterra Energy demonstrated a robust operational performance, surpassing both internal forecasts and market projections regarding oil and total volumes, and achieved this with reduced capital expenditure.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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