Piper Sandler Raises Coterra Energy PT to $37 Amid Volatile E&P Environment

Coterra Energy Inc. (NYSE:CTRA) is one of the most profitable value stocks to buy according to analysts. On July 17, Piper Sandler increased its price target for Coterra Energy to $37 from $36, while maintaining an Overweight rating on the shares. The firm noted that the exploration and production/E&P investing environment remains challenging following Q2, characterized by volatile oil prices due to increased geopolitical risk, partially offset by higher OPEC+ supplies.

Simultaneously, strong secular natural gas demand trends have been hampered by stubbornly high supplies and significant inventory builds. Despite these challenges, the long-term gas demand story received a boost earlier this week from the PA Power and Innovation Summit, which announced $90 billion in investment for power and data center infrastructure projects.

Piper Sandler Raises Coterra Energy PT to $37 Amid Volatile E&P Environment

A close-up of a large industrial compressor in the oil and gas industry.

In Q1 2025, the company’s oil production was 2% above the midpoint of guidance, and natural gas production exceeded the high end of guidance. The company reported revenue of $2 billion, which was an increase from $1.4 billion in Q4 2024.

Coterra Energy Inc. (NYSE:CTRA) is an independent oil & gas company that engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the US.

While we acknowledge the potential of CTRA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CTRA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.