Coterra Energy Inc. has been given a Buy rating by UBS due to its strong position in the North American energy sector.
The company specializes in exploring and producing crude oil and natural gas and operates in various important regions, including the Appalachian Basin, Gulf Coast, Rocky Mountains, Anadarko Basin, and the Sedimentary Basin in Western Canada.
In 2023, Coterra demonstrated its strong production capabilities by achieving an output of 35.1 million barrels of oil and 29.8 billion cubic meters of natural gas.
This performance highlights the company's significant role in meeting energy demands in the region.