Goldman Sachs Increases Price Target on Coterra Energy to $30 From $28, Maintains Buy Rating

Following the merger with Cimarex Energy Co. Cabot Oil & Gas Corporation changed its name to Coterra Energy Inc. the new group specializes in oil and natural gas exploration and production in North America. It operates in the Appalachian basin, in the Gulf Coast region, in the Rocky Mountains, in the Anadarko basin, and in the sedimentary basin in western Canada. In 2021, the group produced 20.1 billion m3 of natural gas.