Valued at a market cap of around $17.9 billion, Texas-based Coterra Energy Inc. (CTRA) is a diversified energy company. The company is involved in the development, exploration, and production of natural gas (NGU24), natural gas liquids, and oils (CLU24).
Shares of this oil and gas producer have significantly underperformed the broader market over the past 52 weeks. CTRA has declined 15.3% over this period, while the broader S&P 500 Index ($SPX) has rallied 18.5%. In 2024 alone, shares of Coterra are down 8.5%, compared to SPX's 12.1% gain on a YTD basis.
