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Stock impact report

William Blair Highlights Coterra's (CTRA) Multi-Basin Strength in New Coverage [Yahoo! Finance]

Coterra Energy Inc. (CTRA) 
Last coterra energy inc. earnings: 3/18 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: conturaenergy.com/financials
Company Research Source: Yahoo! Finance
On November 26, William Blair analyst Neal Dingmann initiated coverage on Coterra Energy Inc. (NYSE:CTRA) with an Outperform rating and a $37 price target. According to the firm, the company offers multi-basin exposure to the Permian and Marcellus. In addition, the firm noted that the company is in a position to resume “material” shareholder returns, considering its “pristine” balance sheet and capacity to produce free cash flow. The analyst, in his research note, mentioned that Coterra might look to sell its mid-continent assets to help finance another Permian deal. Coterra Energy Inc. (NYSE:CTRA), in its earnings report for Q3, highlighted strong operational execution, which enables it to achieve its annual targets. In the Permian program, the company's nine rig and three completion crew program remained capital efficient and is currently generating solid returns. During the quarter, total BOE (barrels of oil equivalent), natural gas production, and oil production reached the hig Show less Read more
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