Barclays Maintains Buy Rating for Coterra Energy with $37 Target

Barclays maintains a Buy rating for Coterra Energy with a price target of $37.00. The company has an analyst consensus of Strong Buy with a price target consensus of $33.12, a 36.75% upside from current levels. Insiders have sold shares, increasing negative corporate insider sentiment.

Coterra Energy Inc. (CTRA) has reported robust financial performance for the second quarter of 2025, with net income of $511 million and an adjusted net income of $367 million [1]. The company exceeded expectations with total production of 783.9 thousand barrels of oil equivalent per day (MBoepd), surpassing the high-end guidance of 710 to 760 MBoepd [1]. Coterra's capital expenditures were lower than anticipated, totaling $569 million against a guidance range of $575 to $650 million [1].

Analysts have expressed a positive outlook on Coterra Energy. Wells Fargo raised its price target to $33.00 from $32.00, maintaining an Overweight rating [2]. The investment bank noted progress in resolving challenges in the Harkey shale and a strong fourth-quarter ramp-up as key wells come online. Additionally, Wells Fargo increased its fiscal year 2025 total production estimate to 770.5 thousand barrels of oil equivalent per day, including 160.5 thousand barrels per day of oil [2].

Barclays maintains a Buy rating for Coterra Energy with a price target of $37.00 [3]. The company has an analyst consensus of Strong Buy with a price target consensus of $33.12, a 36.75% upside from current levels [3]. Insiders have sold shares, increasing negative corporate insider sentiment [3].

Looking ahead, Coterra Energy predicts steady production and capital strategy with nine rigs in the Permian, two in the Marcellus, and one to two in the Anadarko for the third quarter of 2025 [1]. The company maintains its capital spending guidance with projected expenditures of $625 to $675 million.

Coterra's financial health remains strong, with a free cash flow of $329 million and a commitment to return at least 50% of its annual free cash flow to shareholders through dividends and share repurchases [1]. The company has also focused on reducing debt, repaying $100 million of term loans this quarter [1].

References:
[1] https://www.gurufocus.com/news/3032382/coterra-energy-reports-secondquarter-2025-results-announces-quarterly-dividend-and-provides-guidance-update-ctra-stock-news
[2] https://www.investing.com/news/analyst-ratings/coterra-energy-stock-price-target-raised-to-33-by-wells-fargo-93CH-4191689
[3] https://www.benzinga.com/insights/analyst-ratings/25/08/47123588/the-analyst-verdict-coterra-energy-in-the-eyes-of-6-experts