UBS Cuts Coterra Energy (CTRA) Price Target, Keeps Buy Rating

Coterra Energy Inc. (NYSE:CTRA) is one of the 11 Dirt Cheap Stocks to Buy According to Analysts. On October 14, UBS slightly reduced its price target on Coterra Energy Inc. (NYSE:CTRA) from $30 to $29 and kept a Buy rating.

UBS analysts believe that Coterra Energy Inc. (NYSE:CTRA) had a challenging operational first half of 2025. Despite this, the firm expects oil volumes to improve in the second half of 2025, which can help the company meet its full-year 2025 guidance.

UBS Cuts Coterra Energy (CTRA) Price Target, Keeps Buy Rating

According to UBS, both oil and total production volumes will be near the high end of Coterra Energy Inc.’s (NYSE:CTRA) guidance for Q3 2025. For Q4 2025, the firm expects oil production to grow 10% quarter-over-quarter.

Additionally, UBS believes Coterra Energy Inc. (NYSE:CTRA) will be able to pay off the remaining $650 on its term loan in the second half of 2025. After that, the company could increase its share repurchase program in 2026.

Coterra Energy Inc. (NYSE:CTRA) is an American oil and gas exploration and production company with operations in the Permian Basin, Marcellus Shale, and Anadarko Basin.

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