Coterra Energy to be sold to Devon Energy amid market challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
0mins
Should l Buy CTRA?
Coterra Energy Inc. saw a decline of 6.04% as it crossed below its 5-day SMA, reflecting broader challenges in the energy sector.
The company is set to be sold to Devon Energy Corporation for 0.70 shares of Devon common stock per Coterra share. This acquisition, while promising long-term capital appreciation for shareholders, comes amid a downturn in the energy market, which has seen significant declines across various companies, including Coterra. The deal is expected to close in Q2 2026, and although it was agreed upon before recent market fluctuations, it may still provide a stabilizing effect for Coterra's shareholders.
The implications of this acquisition could be significant for Coterra's future, as it positions the company within a larger entity that may better navigate the current market volatility. However, the immediate market reaction indicates investor caution, reflecting the overall negative sentiment in the energy sector.
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Analyst Views on CTRA
Wall Street analysts forecast CTRA stock price to rise
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 30.890
Low
28.00
Averages
33.90
High
50.00
Current: 30.890
Low
28.00
Averages
33.90
High
50.00
About CTRA
Coterra Energy Inc. is an exploration and production company based in Houston, Texas with focused operations in the Permian Basin, Marcellus Shale and Anadarko Basin. The Company is engaged in the development, exploration and production of oil, natural gas and natural gas liquids exclusively within the continental United States. Its Permian Basin operation consists of approximately 345,000 net acres. Its development activities are primarily focused on the Wolfcamp Shale and the Bone Spring formation in Culberson and Reeves Counties in Texas and Lea and Eddy Counties in New Mexico. Its Marcellus Shale operation includes properties that are principally located in Susquehanna County, Pennsylvania, where it holds approximately 186,000 net acres in the dry gas window of the Marcellus Shale. Its Anadarko Basin operation holds around 182,000 net acres that are located in Oklahoma. Its development activities are primarily focused on both the Woodford Shale and the Meramec formations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Increased Stock Buybacks: Goldman repurchased $5 billion worth of stock in Q1, a notable increase from the previous $3 billion, demonstrating the company's confidence in future growth while providing better returns to shareholders.
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