Kimmeridge Nominates Scott Sheffield to Join Coterra Energy Board
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Kimmeridge, which owns a little over 1% of Coterra Energy's outstanding shares, is preparing to nominate Scott Sheffield, the former CEO Pioneer Natural Resources, to join the company's board, Benoit Morenne of Wall Street Journal reports, citing people familiar with the matter. Kimmeridge has been seeking new leadership at Coterra and thinks the company should sell its natural-gas operations to focus on its crude business in the Permian Basin, the Journal says.
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Analyst Views on CTRA
Wall Street analysts forecast CTRA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CTRA is 32.50 USD with a low forecast of 27.00 USD and a high forecast of 37.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 27.790
Low
27.00
Averages
32.50
High
37.00
Current: 27.790
Low
27.00
Averages
32.50
High
37.00
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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