Coterra Energy Stock - Shareholders Approve Devon Merger
18.06.2026 - 21:56:39 | ad-hoc-news.de
Edited by ad hoc news Chart & Technicals Desk. Verified prior to publication on 06/18/2026, 21:54 UTC. Details in the imprint.
Coterra Energy (US22052L1044) has cleared a key hurdle in its strategic realignment. According to an IR release dated 06/18/2026, shareholders of both Coterra and Devon Energy have approved their planned all-stock merger.
All news and background on Coterra Energy stock
Track the latest regulatory filings, merger steps and market data for Coterra Energy following the shareholder approval of its all-stock combination with Devon Energy.
What the merger approval covers
The joint announcement from Devon and Coterra states that shareholders of both companies voted in favor of the proposed all-stock merger on 06/18/2026, clearing a crucial step toward closing the transaction.
The release reiterates that the deal aims to combine Devon’s and Coterra’s onshore portfolios into a larger US exploration and production player with a stronger balance of oil and gas assets.
How the market is pricing the deal
Coterra Energy shares trade on the New York Stock Exchange under the ticker CTRA, with a recent quote around the mid-$30 range and a market capitalization close to $24.5 billion according to current market data.
Based on recent consensus data, analysts currently rate the combined story moderately positively, with a “Moderate Buy” stance and an average Coterra price target in the high-$30 area.
The product behind the stock
Coterra Energy generates its revenue primarily from the exploration and production of oil and natural gas in US onshore basins, including positions in the Permian Basin, the Marcellus Shale and the Anadarko Basin, focusing on efficient hydrocarbon development.
Where the stock trades today
The shares of Coterra Energy (US22052L1044) trade on the New York Stock Exchange at $34.06 as of 06/18/2026, 21:30 UTC.
Key facts on Coterra Energy stock
- Company: Coterra Energy Inc.
- ISIN: US22052L1044
- WKN: A3CS7A
- Ticker: CTRA
- Venue: NYSE
- Price (as of 06/18/2026, 21:30 UTC): 34.06 USD
- Market cap: 24,490,000,000 USD (as of 06/18/2026)
- Sector / Industry: Energy / Oil & Gas Exploration & Production
- Index membership: S&P 500
- Next earnings date: 08/01/2026
This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.
