Piper Sandler Lifts Coterra Energy Inc. (CTRA)'s Price Target to $39, Maintains Overweight Rating

Coterra Energy Inc. (NYSE:CTRA) is among the 13 Best S&P 500 Stocks to Buy According to Wall Street Analysts. On August 14, Piper Sandler analyst Mark Lear lifted the stock’s price target to $39 from $37, while maintaining an Overweight rating for its shares.

The firm noted the challenging investing environment in the E&P sector, reiterated again by the second quarter results. The Piper analyst further added that gas stocks had been a safe haven due to LNG capacity increases in the short run and long-term demand from power and data centers. However, supply continues to surprise amid lower activity levels.

Lear also highlighted that operators were driving efficiencies by lowering capex to deliver the same output, whereas tax legislation in President Trump’s One Big Beautiful Bill is also bringing in incremental FCF across the group.

In other recent news, Wells Fargo has raised Coterra Energy Inc. (NYSE:CTRA)’s price target to $33 from $32, while maintaining an Overweight rating for its shares. Overall, Wall Street analysts remain bullish on the stock, with a consensus Buy rating and an average share price upside potential of over 40%.

Coterra Energy Inc. (NYSE:CTRA) is a Texas-based exploration and production company with focused operations in the Permian Basin, Anadarko Basin, and Marcellus Shale.

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