Houston-based Coterra Energy Incorporated (CTRA), with a market cap of $20.8 billion, is a leading diversified energy company founded in 1989. The company develops, explores, and produces oil, natural gas, and natural gas liquids in the U.S. Its operations include the Permian Basin in Texas, the Anadarko Basin in Oklahoma, and the Marcellus Shale in Pennsylvania.
Shares of Coterra have lagged behind the broader market in the last year. While CTRA has surged 14.4% over this time frame, the broader S&P 500 Index ($SPX) is up 28.9%. In 2024, the stock rose 10.5%, compared to SPX’s 11.1% return on a YTD basis.
