Coterra Energy Reports First-Quarter 2024 Results, Announces Quarterly Dividend, and Updates 2024 Outlook Key Takeaways & Updates • Increasing full-year 2024 oil guidance 2.5% from initial guidance, driven by strong well performance and faster cycle times. Maintaining full-year 2024 BOE and incurred capital expenditure (non-GAAP) guidance. • Issued $500 million aggregate principal amount of senior unsecured notes due 2034, with a coupon of 5.60% per annum. Coterra intends to use the net proceeds from the of ...

Coterra Energy Inc. (CTRA) is set to release first-quarter results on May 2. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 41 cents per share on revenues of $1.4 billion.Let’s delve into the factors that might have influenced the oil and gas exploration and production firm’s performance in the March quarter. But it’s worth taking a look at CTRA’s previous-quarter performance first.Highlights of Q4 Earnings & Surprise HistoryIn the last reported quarter, the Houston, TX-b ...

The market expects Coterra Energy (CTRA) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Coterra Energy (CTRA) ended the recent trading session at $28.32, demonstrating a -0.14% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.11%. Elsewhere, the Dow saw an upswing of 0.8%, while the tech-heavy Nasdaq appreciated by 1.24%.Shares of the independent oil and gas company have appreciated by 8.41% over the course of the past month, underperforming the Oils-Energy sector's gain of 10.33% and outperforming the S&P 500's gain of 0.48%.Analysts ...

Coterra Energy (CTRA) closed at $27.13 in the latest trading session, marking a +0.04% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.89% for the day. On the other hand, the Dow registered a gain of 1.03%, and the technology-centric Nasdaq increased by 1.25%.The the stock of independent oil and gas company has risen by 10.11% in the past month, leading the Oils-Energy sector's gain of 5.25% and the S&P 500's gain of 3.56%.The investment community will be closely m ...

Maksim Safaniuk Coterra Energy Inc. (NYSE:CTRA) reported Q4 2023 results that exceeded production expectations by a few percent. The strong production and lower than expected capex resulted in its 2023 free cash flow ending up around $132 million higher than I had projected for it when I looked at it in December 2023. Coterra has significantly reduced its Marcellus capex for 2024 and expects a 6% decline in natural gas production in 2024, but is planning for modest natural gas production growth after th ...

In the latest trading session, Coterra Energy (CTRA) closed at $26.60, marking a -0.3% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.29% for the day. Elsewhere, the Dow lost 0.35%, while the tech-heavy Nasdaq lost 0.3%.The independent oil and gas company's shares have seen an increase of 11.59% over the last month, surpassing the Oils-Energy sector's gain of 6.58% and the S&P 500's gain of 4.42%.Market participants will be closely following the financial resul ...

Coterra Energy (CTRA) closed the most recent trading day at $26.36, moving +0.76% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.65%. Meanwhile, the Dow lost 0.18%, and the Nasdaq, a tech-heavy index, lost 1.16%.The independent oil and gas company's stock has climbed by 6.78% in the past month, exceeding the Oils-Energy sector's gain of 4.75% and the S&P 500's gain of 3.4%.Analysts and investors alike will be keeping a close eye on the performance of Co ...

HOUSTON--(BUSINESS WIRE)--Coterra Energy Inc. (“Coterra”) (NYSE: CTRA) announced today that it has priced an offering of $500 million aggregate principal amount of senior unsecured notes due 2034, which will carry an interest rate of 5.60%. The offering is expected to close on March 13, 2024, subject to the satisfaction of customary closing conditions. This is Coterra’s first debt offering since transactions completed in connection with the merger of Cabot Oil & Gas Corporation and Cimarex Energy Co. Coterr ...

The momentum in technology stocks has buoyed the markets to new highs, leaving investors in a dilemma. Do they chase the hot AI and technology that have outperformed or stick with bargain stocks? Taking a forward return perspective, the latter offers a favorable risk-reward as their valuations catch up.For now, growth is outperforming value by a significant margin. The markets are rewarding growth, especially in AI stocks with higher multiples. This creates more momentum in these stocks as investors pile in ...