JP Morgan raises PT on Coterra Energy

Coterra Energy

07/10/2025 12:36

** JP Morgan raises price target on U.S.-based oil and gas producer Coterra Energy CTRA.N to $35 from $33

** Shares up marginally at $23.84 premarket

** The new price target represents a 46.8% upside to the stock's last close

** Brokerage says despite production headwinds, the company can reach its full-year oil guide of 160 MBo/d 2H25 threshold as it appears to be on track to hit the upper end of its 150 to 165 net TIL guide in the Delaware Basin

** 21 of 25 brokerages rate the stock "buy" or higher, 4 "hold"; median PT is $33- data compiled by LSEG

** Up to last close, stock down 6.6% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))