I’ve added to my position in Coterra Energy (CTRA) following bullish analyst sentiment and solid financials. Scotiabank’s Paul Cheng reaffirmed a Buy with a $35 target, while TD Cowen echoed with a $33 target. The current stock price at $24.14, suggesting significant upside potential. Despite a YoY dip in revenue, Coterra posted an impressive $516M net profit, up from $352M, highlighting strong margin resilience. With the consensus rating at Strong Buy and average price target implying 45% upside, I see this as a compelling risk-reward setup.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Open | 24.14 0 | -- Closed |
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