Coterra Energy (CTRA) has been an excellent performer within the oil-energy industry this year, with its stock showing improved relative price performance. Prominent financial analysts and industry leaders, including
Jim Cramer, have praised the company's performance, calling it 'terrific'. Optimism around Coterra has grown with the announcement of their Q4 earnings. Further boosting investor confidence, the company recently secured
49,000 acres in one of America's most lucrative shale regions. The Zacks analysts have highlighted Coterra, along with Magnolia Oil & Gas and Occidental Petroleum, as promising stocks within the energy sector. A significant event coming up for Coterra is its full-year performance reveal for 2024, scheduled for February 25th. Goldman Sachs holds a high consensus ROE for the stock. Coterra has affirmed its dividend of $0.21 and also embarked on two significant acquisitions worth $3.95 billion in the Permian Basin. The company has been careful with its growth strategy by securing a massive $1.5B debt offering to fund strategic acquisitions. However, the recent sale of Coterra stocks by insiders could signal caution. Despite this, with a history of strong production and potential acquisitions, Coterra Energy remains a stock worth considering for investment.
Coterra Energy CTRA News Analytics from Thu, 28 Mar 2024 07:00:00 GMT to Fri, 21 Feb 2025 17:05:56 GMT -
Rating 8
- Innovation 5
- Information 8
- Rumor -6
