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Coterra Energy Inc. (NYSE:CTRA) is one of the
10 All-Time High But Still Undervalued Stocks to Invest In.
On May 4, 2026, Devon Energy (NYSE:DVN) and Coterra Energy Inc. (NYSE:CTRA) said shareholders approved all proposals needed to complete the previously announced all-stock merger between the companies. The transaction is expected to close on or around May 7. Under the agreement, each share of Coterra common stock will be converted into 0.70 shares of Devon common stock, with cash paid for fractional shares. Following the merger, Devon shareholders are expected to own about 54% of the combined company, while Coterra shareholders will own about 46% on a fully diluted basis.
Meanwhile, Scotiabank raised its price target on Coterra Energy Inc. (NYSE:CTRA) to $32 from $31 and maintained a Sector Perform rating as part of a broader update on energy names.
Coterra Energy Inc. (NYSE:CTRA) is an independent oil and gas producer focused on oil, natural gas, and natural gas liquids in the United States.
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