Coterra (CTRA)
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-11-05
$32.56-8.62%
Close 2026-05-06 · 1-day change
NYSEEnergyOil & Gas Exploration & ProductionSnapshot 2026-11-05
QuarterlyIQ Insights · CTRA
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
A comparable price-assumption read is not available for this company.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Model as of 2026-11-05 · Compared with 28 industry peers · Company calendar date is not available
CTRA — legal / regulatory event — Prior to the consummation of the Merger, shares of Company Common
Dated 2026-05-07
Prior to the consummation of the Merger, shares of Company Common Stock were listed and traded on the New York Stock Exchange (the “NYSE”) under the trading symbol “CTRA.” In connection with the consummation of the Merger, the Company notified the NYSE that the Merger had been completed and requested that the NYSE delist the shares of Company Common Stock. Upon the Company’s request, the NYSE filed a notification of removal from listing on Form 25 with the SEC with respect to the delisting an…
Why it matters: The merger plan ties savings to lower costs and more free cash flow. The stated goal is $1 billion per year by year-end 2027.
Watch forA company update shows a clear path to $1 billion in yearly savings before taxes by year-end 2027. Results show the savings.
Also watch forA company update lowers the $1 billion savings goal or delays the year-end 2027 date. Or it reports no clear progress on savings.
Why it matters: The merger sets Coterra shareholders' exchange into Devon shares. A delay or failed vote would change the deal path.
Watch forBoth shareholder groups approve the merger, and the deal closes in Q2 2026.
Also watch forEither shareholder group rejects the deal, or the merger does not close in Q2 2026.
Why it matters: Coterra's 2026 plan covers only its own operations. New guidance for both companies will show how the merger changes the plan.
Watch forAfter closing, Devon gives full-year production and spending plans for both companies. The plans meet or beat Coterra's ranges: 750–810 MBoepd and $2.175–$2.325 billion in capital spending.
Also watch forAfter closing, plans for both companies show production below 750 MBoepd. Or capital spending tops $2.325 billion, with no higher production plan.
Why it matters: Coterra set a $2.35 billion 2026 free cash flow target based on recent prices. Results below that level would miss the stated plan.
Worry ifCoterra reports 2026 free cash flow of at least $2.35 billion, or keeps that target while reporting results in line with it.
Less concerning ifCoterra cuts its $2.35 billion target or reports 2026 free cash flow below $2.35 billion.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$136 on $10,000 · ±1.4% | How much price usually moves either way. |
| Bad day | $344 loss on $10,000 · 3.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,493 loss on $10,000 · 14.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.