In the second quarter of 2024, CTRA exceeded production guidance across all three streams - oil, natural gas and natural gas liquids.
Coterra Energy Inc. (NYSE:CTRA ) Barclays 38th Annual CEO Energy-Power Conference September 4, 2024 1:15 PM ET Company Participants Thomas Jorden - Chairman & CEO Conference Call Participants Wei Jiang - Barclays Wei Jiang Moving on to our next conversation. I'm really delighted to have Tom Jorden, Chairman, CEO of Coterra Energy to be here for our next fireside chat.
Based on several factors impacting the natural gas market, we recommend investors hold on to stocks like Coterra Energy (CTRA) and Cheniere Energy (LNG).
Coterra Energy is a top play on depressed natural gas prices, with exploration & production assets in America. High margins, low debt levels, strong cash flow generation, and quality long-life reserves are worth owning. Today's stock valuation is very attractive vs. independent oil/gas peers, as is a 3.5% dividend yield, well positioned to rise over time.
Based on several factors impacting the natural gas market, we recommend investors hold on to stocks like Coterra Energy (CTRA) and Cheniere Energy (LNG).
Coterra (CTRA) anticipates a capital expenditure budget ranging from $1.75 billion to $1.95 billion (non-GAAP), with an oil production estimate of 105.5-108.5 million barrels per day.
Coterra Energy (CTRA) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.39 per share a year ago.
Coterra Energy's (CTRA) Q2 performance might have been hurt by the surge in Permian oil drilling, which has created an abundance of affiliated gas, pushing prices down.
Investors have had a healthy dose of skepticism about energy stocks over the past year. A sluggish recovery in China has muddled the demand picture.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
NEP, TREE, HAE, CTRA and WSM are five stocks with explosive relative price strength.
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