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Best Value Stocks to Buy for July 10th
ZACKS· 2024-07-10 10:05
Group 1: Greenland Technologies Holding Corporation (GTEC) - Greenland Technologies Holding Corporation is a material handling solutions provider with a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for GTEC's current year earnings has increased by 6.1% over the last 60 days [1] - GTEC has a price-to-earnings ratio (P/E) of 3.71, which is lower than the industry average of 6.30 [3] - The company possesses a Value Score of A, indicating strong value characteristics [3] Group 2: Coterra Energy Inc. (CTRA) - Coterra Energy Inc. is an oil and gas company that also carries a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for CTRA's current year earnings has increased by 4.7% over the last 60 days [2] - Coterra Energy has a price-to-earnings ratio (P/E) of 13.35, significantly lower than the S&P average of 22.56, and possesses a Value Score of B [2] Group 3: Kinross Gold Corporation (KGC) - Kinross Gold Corporation is a gold mining company with a Zacks Rank of 1 [3] - The Zacks Consensus Estimate for KGC's next year earnings has increased by 6.1% over the last 60 days [3] - Kinross Gold has a price-to-earnings ratio (P/E) of 16.40, which is lower than the S&P average of 22.56, and possesses a Value Score of A [3]
Natural Gas Markets Endure a Rocky Week: What Happened?
ZACKS· 2024-07-08 13:31
Meanwhile, forecasts for higher weather-related demand and a resurgence of LNG exports represent a few bright spots for the fuel. EIA Reports a Build Slightly Larger Than Market Expectations Natural Gas Prices Finish Significantly Lower Investors should know that natural gas realization has been under pressure from strong production, elevated stockpiles, and tepid weather-related demand. It's worth mentioning that the current inventory levels are well above the year-ago figure and the five-year average. The ...
Best Income Stocks to Buy for July 2nd
ZACKS· 2024-07-02 10:05
Coterra Energy Inc. (CTRA) : This independent oil and gas company has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 7% over the last 60 days. Kirin Holdings Company, Limited (KNBWY) : This food and beverages, pharmaceuticals, and health science company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.8% over the last 60 days. Seagate Technology Holdings plc (STX) : This data storage technology and solutions company has witnessed t ...
The 3 Best Bargain Stocks to Buy in July 2024
Investor Place· 2024-07-01 18:04
Timing your investment in the best bargain stocks can unlock tremendous upside potential. While often overlooked by mainstream investors, bargain stocks can prove lucrative for those willing to stomach these risks. These hidden gems are undervalued and typically fly under the radar, making them attractive. These trading below their intrinsic values offer a greater margin of safety and protection from downside risk. Moreover, they can yield impressive returns when their conditions improve, and they start pos ...
Cabot (CTRA) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2024-06-19 17:01
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movemen ...
Coterra Energy (CTRA) Presents at JP Morgan Energy, Power and Renewables Conference - Company Call Transcript
2024-06-18 14:46
Coterra Energy Inc. (NYSE:CTRA) Company Conference Call June 18, 2024 8:00 AM ET Company Participants Tom Jorden - President, Chief Executive Officer Conference Call Participants Arun Jayaram - JP Morgan Arun Jayaram Well, good morning and welcome to Day 2 of JP Morgan’s 9th Annual Energy Conference. My name is Arun Jayaram. I’m JP Morgan’s E&P and OFS analyst, and thrilled to have Coterra to lead off Day 2, thrilled to have President and CEO, Tom Jorden, and we’ll host a fireside chat today. We think that ...
Heatwave Forecasts Support Upside Potential for Natural Gas
ZACKS· 2024-06-18 13:11
Considering that the space remains highly susceptible to unpredictable weather patterns that impact prices and market stability, at this time we advise investors to focus on stocks like Coterra Energy (CTRA) and Cheniere Energy (LNG) . The latest increase puts total natural gas stocks at 2,974 Bcf, which is 364 Bcf (13.9%) above the 2023 level and 573 Bcf (23.9%) higher than the five-year average. Natural Gas Prices Finish Lower Chesapeake announced a reduction in its drilling rigs to lower volume, with the ...
Dividend Paying Coterra Energy Likely To Rise On M&A
Seeking Alpha· 2024-06-12 16:17
dszc Data center demand as a share of total US power demand, % 12% 10% of Overall US Power Den 8% 6% 4% 2% 0% 2023 2024 2025 2026 2027 2028 2029 2030 Non-Al Data Center Demand I Al Demand Bull Case Bear Case AI data center and blockchain, as well as electrification of transportation, industry and real estate are driving record demand for electric power. Currently, blockchain, primarily Bitcoin mining, uses up to 2.3% of all U.S. electrical power according to the EIA. Goldman Sachs laid out a case that data ...
Natural Gas Up 30% in May: What Does the Future Look Like?
ZACKS· 2024-06-03 14:36
The U.S. Energy Department's weekly inventory release showed that natural gas supplies increased more than expected. The bearish inventory numbers notwithstanding, futures settled with a gain week over week on signs of production pullback, resurgence of LNG exports and robust summer demand. The latest increase puts total natural gas stocks at 2,795 Bcf, which is 380 Bcf (15.7%) above the 2023 level and 586 Bcf (26.5%) higher than the five-year average. The total supply of natural gas averaged 105.4 Bcf per ...
Is the Slump in Natural Gas Rig Count a Boon for Prices?
zacks.com· 2024-05-28 14:10
The U.S. Energy Department's weekly inventory release showed that natural gas supplies increased less than expected. The positive inventory numbers, together with signs of production pullback and upcoming summer demand, buoyed natural gas futures, which settled with a gain week over week. Despite the increase, the space remains highly susceptible to unpredictable weather patterns, impacting prices and market stability. At this time, we advise investors to focus on stocks like Coterra Energy (CTRA) and Cheni ...