Coterra Energy Surges to 358th in Trading Volume with $271 Million Turnover

On June 13, 2025, Coterra Energy (CTRA) saw a significant increase in trading volume, with a turnover of $271 million, marking a 73.02% rise from the previous day. This surge placed Coterra at the 358th position in terms of daily trading volume. The stock price of Coterra Energy rose by 2.14%, marking the second consecutive day of gains, with a total increase of 3.57% over the past two days.

Raymond James analyst John Freeman has raised the price target for Coterra Energy from $33 to $38, while maintaining an Outperform rating. This adjustment comes after Coterra's first-quarter performance, which saw production levels at the upper end of expectations and capital expenditure surpass estimates. However, the company is currently halting development in the Eastern Culberson Harkey area to address wellbore cement issues caused by elevated water volumes.

Coterra Energy concluded the first quarter with 13 operational rigs in the Permian. The company's initial strategy for the latter half of 2025, which planned for 10 rigs, has now been revised down to seven. These changes reflect Coterra's ongoing efforts to optimize its operations and manage resources efficiently.

Coterra Energy delivered oil production near the high end of guidance and natural gas production that exceeded expectations. The company successfully closed on the Franklin Mountain and Avant acquisitions, integrating these assets efficiently. Coterra Energy generated excellent financial results, returning a substantial portion of free cash to shareholders and retiring $250 million of term loans. The company has a diversified revenue stream and a low-cost oil and natural gas supply, making it resilient in volatile markets. Coterra Energy maintained a strong balance sheet with a focus on debt reduction, planning to fully repay a $1 billion term loan during 2025.

However, Coterra Energy encountered mechanical issues with Harkey wells, leading to increased water production and a pause in development in certain areas. The company is reducing projected 2025 CapEx by $100 million due to concerns over the oil market outlook. There is uncertainty regarding the duration and impact of current commodity market volatility and potential recession fears. Coterra Energy is facing challenges in maintaining its oil production guidance due to the deferment of some projects. The company is experiencing a reduction in oil production by approximately 5,000 barrels per day in the second quarter relative to earlier expectations.