Coterra Energy (CTRA) PT Lowered to $24 at JPMorgan
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Coterra Energy Reports Third-Quarter 2024 Results, Announces Quarterly Dividend, and Provides Guidance Update
October 31, 2024 4:05 PM EDTHOUSTON--(BUSINESS WIRE)-- Coterra Energy Inc. (NYSE: CTRA) (Coterra or the Company) today reported third-quarter 2024 financial and operating results and declared a quarterly dividend of $0.21 per share. Additionally, the Company provided fourth-quarter production and capital guidance and updated full-year 2024 guidance.
Tom Jorden, Chairman, CEO and President of Coterra, noted, "Coterra continues to exceed its 2024 plan and has strong momentum with significant optionality heading into 2025. Our teams continue to deliver strong and improving capital efficiency through operational execution, all of which is guided by our relentless focus on economic returns. The Company's strong... More
