Reported 29 days ago
UBS has reaffirmed its Buy rating and $30 price target for Coterra Energy (NYSE:CTRA) following the company's recent report showing better-than-expected oil price realizations. Coterra reported a post-hedge realized oil price of $64.01 per barrel, exceeding UBS's forecast, while its gas price realization was slightly below expectations. The energy firm also generated significant cash settlements from hedging activities.
Source: YAHOO