5 Cheap Energy Stocks To Buy

2. Coterra Energy Inc. (NYSE:CTRA)

Number of Hedge Fund Holders: 39

P/E Ratio as of January 26: 4.58

Coterra Energy Inc. (NYSE:CTRA) is an independent oil and gas company. It is based in Houston, Texas.

Roger Read at Wells Fargo initiated coverage of Coterra Energy Inc. (NYSE:CTRA) shares as well on January 24, with an Equal Weight rating.

The average price target on Coterra Energy Inc. (NYSE:CTRA) shares as of this January is $32.92 per share. This offers a significant upside potential of over 30%, relative to the stock’s current share price of $25.33.

In total, 39 hedge funds were long Coterra Energy Inc. (NYSE:CTRA) in the third quarter. Their total stake value was $399.9 million.

Palm Valley Capital Management, an investment management firm, mentioned Coterra Energy Inc. (NYSE:CTRA) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“For the full calendar year, the Fund’s top performers includes Coterra Energy Inc. (NYSE:CTRA). Coterra Energy Inc. (NYSE:CTRA)’s stock rose sharply along with energy prices at the beginning of 2022.”

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