UBS Maintains Buy Rating on Coterra Energy Due to Strong Oil Price Performance

Reported 1 day 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

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