Piper Sandler Raises Coterra Energy PT to $37 Amid Volatile E&P Environment

Coterra Energy Inc. (NYSE:CTRA) is one of the most profitable value stocks to buy according to analysts. On July 17, Piper Sandler increased its price target for Coterra Energy to $37 from $36, while maintaining an Overweight rating on the shares. The firm noted that the exploration and production/E&P investing environment remains challenging following Q2, characterized by volatile oil prices due to increased geopolitical risk, partially offset by higher OPEC+ supplies.

Simultaneously, strong secular natural gas demand trends have been hampered by stubbornly high supplies and significant inventory builds. Despite these challenges, the long-term gas demand story received a boost earlier this week from the PA Power and Innovation Summit, which announced $90 billion in investment for power and data center infrastructure projects.

In Q1 2025, the company’s oil production was 2% above the midpoint of guidance, and natural gas production exceeded the high end of guidance. The company reported revenue of $2 billion, which was an increase from $1.4 billion in Q4 2024.

Coterra Energy Inc. (NYSE:CTRA) is an independent oil & gas company that engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US.

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Disclosure: None. This article is originally published at Insider Monkey.