William Blair Highlights Coterra's (CTRA) Multi-Basin Strength in New Coverage

Coterra Energy Inc. (NYSE:CTRA) is included among the 11 Best Low Priced Dividend Stocks to Buy According to Analysts.

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 higher end of their guidance. For 2025, the company has increased its guidance for natural gas production.

Coterra Energy Inc. (NYSE:CTRA) expects capital expenditures to be around $2.3 billion, assuming the continuation of nine rigs in the Permian, one to two rigs in the Marcellus, and one rig in the Anadarko during the fourth quarter. The company’s cash flow guidance is also optimistic, expecting to generate $2 billion in free cash flow at recent strip prices. This seems achievable as the company has already returned $168 million to shareholders through dividends in the most recent quarter.

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

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