Coterra Energy Inc., an independent oil and gas company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company’s properties include the Permian Basin with approximately 2,97,000 net acres in west Texas and southeast, New Mexico; Marcellus Shale properties approximately 1,86,000 net acres located in Susquehanna County, Pennsylvania; and Anadarko Basin with approximately 1,81,000 net acres located in mid-continent region in Oklahoma. It also operates natural gas and saltwater gathering, and disposal systems in Texas. The company sells its natural gas to industrial customers, local distribution companies, oil and gas marketers, energy companies, pipeline companies, and power generation facilities. The company was incorporated in 1989 and is headquartered in Houston, Texas.
Production Prowess | Coterra Energy surpasses expectations with increased production and efficiency gains in the Permian region, prompting raised full-year guidance and optimistic outlook |
Financial Fortitude | Robust cash flow generation and aggressive share buybacks underscore Coterra's commitment to shareholder value, with potential for higher returns in 2024 |
Strategic Shifts | Explore Coterra's focus on Permian operations and reduced Marcellus activity, balancing growth potential with portfolio optimization in a dynamic market |
Analyst Perspectives | Price targets range from $31 to $36, with analysts highlighting Coterra as a top pick in the large-cap E&P sector due to its strong reserve depth and cash generation |
Metrics to compare | CTRA | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipCTRAPeersSector | |
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P/E Ratio | 18.9x | 7.9x | 4.7x | |
PEG Ratio | −0.62 | −0.43 | 0.00 | |
Price/Book | 1.6x | 0.7x | 1.1x | |
Price / LTM Sales | 4.0x | 0.8x | 1.0x | |
Upside (Analyst Target) | 31.0% | 56.6% | 39.5% | |
Fair Value Upside | Unlock | 23.7% | 10.6% | Unlock |