Shares of Coterra Energy Inc. (NYSE:CTRA) traded today at $24.26, eclipsing its 52-week high. So far today approximately 4.3 million shares have been exchanged, as compared to an average 30-day volume of 7.6 million shares.
In the past 52 weeks, Coterra Energy Inc. share prices are bracketed by a low of $14.28 and a high of $24.26 and is now at $23.32, 63% above that low price.
Coterra is an independent exploration and production company with operations in Appalachia and the Permian Basin. It was formed after the 2021 merger with Cabot and Cimarex. At year-end 2020, Cabot’s proved reserves were 13.7 trillion cubic feet of equivalent, with net production that year of approximately 2,344 million cubic feet of natural gas per day.
Coterra Energy Inc. (NYSE:CTRA) is currently priced 44.3% above its average consensus analyst price target of $13.00.
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