Coterra Energy Inc traded at $30.23 this Wednesday March 4th, decreasing $0.67 or 2.17 percent since the previous trading session. Looking back, over the last four weeks, Coterra Energy lost 0.26 percent. Over the last 12 months, its price rose by 15.82 percent. Looking ahead, we forecast Coterra Energy Inc to be priced at 29.65 by the end of this quarter and at 27.01 in one year, according to Trading Economics global macro models projections and analysts expectations.
Coterra Energy Inc. is an independent oil and gas company. The Company is engaged in the development, exploration and production of oil, natural gas and natural gas liquids (NGLs). Its operations are primarily concentrated in three core operating areas: the Permian Basin in west Texas and southeast New Mexico, the Marcellus Shale in northeast Pennsylvania and the Anadarko Basin in the Mid-Continent region in Oklahoma. Its Permian Basin properties hold approximately 296,000 net acres in its core operating area in the Delaware Basin. Its Marcellus Shale properties hold approximately 186,000 net acres in the dry gas window of the Marcellus Shale. The Anadarko Basin properties hold approximately 182,000 net acres and its development activities are primarily focused on both the Woodford Shale and the Meramec formations. It sells oil, natural gas and NGLs to industrial customers, local distribution companies, oil and gas marketers, pipeline companies and power generation facilities.