Coterra Energy stock hits 52-week high at 31.68 USD

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Coterra Energy Inc. stock has reached a new 52-week high of $31.68 USD, reflecting a 12.48% increase over the past year and a 31.65% gain in the last six months. The company, which maintains a P/E ratio of 14.49 and a 2.81% dividend yield with 36 consecutive years of dividend payments, is considered undervalued by InvestingPro analysis. This milestone follows news of an all-stock merger deal with Devon Energy, creating a major U.S. shale operator, and a reiterated Buy rating from UBS with a price target of $33.

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