Mizuho Securities Maintains Buy Rating for Coterra Energy with $36 Price Target

Mizuho Securities maintains a Buy rating for Coterra Energy (CTRA) with a $36.00 price target. The company has a Strong Buy analyst consensus with a $33.00 price target consensus. Coterra Energy's market cap is $19.19B and has a P/E ratio of 14.65. There has been an increase in corporate insider selling over the past quarter.

Mizuho Securities has reiterated its Buy rating on Coterra Energy (CTRA) with a $36.00 price target, reflecting the company's strategic adjustments in response to stronger oil prices. This rating aligns with a broader analyst consensus of Strong Buy, with a $33.00 price target consensus [3].

Coterra Energy, currently valued at $19.19 billion by market cap, has made significant changes to its drilling strategy. The company has decided to maintain two rigs in the Permian Basin, increasing its second-half rig count from an expected 7 to 9. This strategic shift has led to an increase in modeled capital expenditure to approximately $622 million, with full-year spending trending toward the high end of Coterra's $2.0-2.3 billion guidance range [1][2].

The energy producer maintains strong financials, with $3.57 billion in EBITDA and a P/E ratio of 14.65. Coterra Energy is prioritizing the use of its free cash flow to reduce term loan debt and maintain its dividend rather than pursuing share repurchases. This capital allocation strategy underscores the company's focus on financial stability amid changing market conditions [1][2].

Despite operational challenges, particularly with its Harkey Shale interval, Coterra Energy has faced a reduction in its capital expenditure guidance to between $2.0 billion and $2.3 billion. However, JPMorgan has maintained its Overweight rating on the company, citing a positive long-term outlook. Meanwhile, UBS has reiterated its Buy rating with a $30.00 price target, expecting an increase in oil volumes for the second half of 2025 [1][2].

Goldman Sachs has downgraded Coterra from Buy to Neutral, noting the company's increased oil exposure following recent Permian acquisitions. Piper Sandler has maintained its Overweight rating, emphasizing enhanced reinvestment opportunities after acquisitions in the New Mexico Delaware Basin. Coterra continues to address water production issues at its Harkey Shale wells, implementing a pause on future development while remediation activities are underway [1][2].

Barclays analyst Betty Jiang maintained a Buy rating on Coterra Energy on July 3, setting a price target of $37.00. The company's shares closed last Thursday at $25.22, indicating a significant gap between the current market price and analyst price targets [4].

There has been an increase in corporate insider selling over the past quarter, with insiders selling 100,000 shares in May 2025. This negative insider sentiment may impact investor confidence, but it does not necessarily reflect the company's long-term prospects [4].

References:
[1] https://www.investing.com/news/analyst-ratings/mizuho-maintains-outperform-rating-on-coterra-energy-stock-amid-permian-focus-93CH-4131857
[2] https://ng.investing.com/news/analyst-ratings/mizuho-maintains-outperform-rating-on-coterra-energy-stock-amid-permian-focus-93CH-2003380
[3] https://stockanalysis.com/stocks/ctra/forecast/
[4] https://www.theglobeandmail.com/investing/markets/stocks/CTRA/pressreleases/33269472/barclays-sticks-to-its-buy-rating-for-coterra-energy-ctra/