Mizuho Lifts Coterra (CTRA) Target on Higher Oil Price Forecast

Coterra Energy Inc. (NYSE:CTRA) is included among the 14 High Growth Dividend Paying Stocks to Invest in Now.

On March 17, Mizuho raised the firm’s price recommendation on Coterra Energy Inc. (NYSE:CTRA) to $43 from $36. It kept an Outperform rating on the shares. The firm increased its 2026 oil price outlook by 14% to $73.25 as the Iran conflict moved into its third week. The analyst said it is still too early to determine whether the situation will shift the long-term structure of global oil prices, though the near-term bias appears higher. Mizuho remains positive on the oil and gas sector overall. It also noted that while natural gas fundamentals continue to look constructive, its fiscal 2026 price outlook for gas was lowered by 6%.

On March 13, Barclays raised its price goal on Coterra to $37 from $34 and maintained an Overweight rating. The firm also increased its 2026 oil price estimates due to the Iran war. The analyst said the market may be underestimating the cash flow tailwinds for exploration and production companies. While the recent oil price spike is “unlikely to last for long,” the firm believes investors are not fully recognizing the near-term cash flow benefits and the “durable benefit” these could have on the group’s ability to increase shareholder returns beyond the conflict.

Coterra Energy Inc. (NYSE:CTRA) is an exploration and production company based in Houston, Texas. Its operations are focused on the Permian Basin, Marcellus Shale, and Anadarko Basin. The company is engaged in the development and production of oil, natural gas, and natural gas liquids within the continental United States.

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