Coterra Energy: Low Natural Gas Prices Shouldn't Scare You Away [Seeking Alpha]
Coterra Energy Inc. (CTRA)
Last coterra energy inc. earnings: 3/18 07:30 am
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US:NASDAQ Investor Relations:
conturaenergy.com/financials
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Source: Seeking Alpha
Coterra can weather the near term storm with industry-leading performance in the Permian Basin, producing some of the best wells from a total recovery perspective. Coterra should be a big winner in 2025 when the natural gas market recovers. This recovery is based on over 4 BCF/d in LNG capacity coming online and normalized weather patterns as El Niño transitions into La Niña. I project 40% returns for CTRA in 2025 and thus rate the company as a BUY. Thesis It's often said it's darkest just before the dawn. The natural gas environment is truly challenging, with sustained prices of less than $2.00/MCF. Natural gas producers are clearly stressed, with the commodity trading well below the cost of production. For Coterra Energy Inc. ( NYSE: CTRA ), the company is on solid footing to weather this downswing as a result of a diversified inventory mix. In times of distress, the company can pivot its capital allocation to its Permian and Anadarko basins that results in a higher liq
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CTRA
News
- Coterra Energy Inc. (NYSE: CTRA) had its price target raised by analysts at Mizuho from $34.00 to $37.00. They now have a "buy" rating on the stock.MarketBeat
- Coterra's smart pivot to oil from natural gas leads to an excellent first quarter and sweeter outlook [MSNBC.com]MSNBC.com
- Coterra Energy Reports First-Quarter 2024 Results, Announces Quarterly Dividend, and Updates 2024 Outlook [Yahoo! Finance]Yahoo! Finance
- Coterra Energy Reports First-Quarter 2024 Results, Announces Quarterly Dividend, and Updates 2024 OutlookBusiness Wire
- Coterra's (CTRA) Q1 Earnings Preview: Things to Consider [Yahoo! Finance]Yahoo! Finance
CTRA
Earnings
- 5/2/24 - Beat
CTRA
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 5/2/24 - Form 8-K
- CTRA's page on the SEC website