Wall Street expects a year-over-year increase in earnings on higher revenues when Coterra Energy (CTRA) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. This independent oil and gas company is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-ov ...

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. However, Brent crude has stabilized between $75 and $90, a profitable price for energy stocks. At the same time, demand for natural gas, particularly liquefied natural gas, is rising due to its important role in the energy transition. Coterra Energy (CTRA) In Q1 2024, natural gas accounted for 72% of its production mix and 38% of revenues. Besides gas productio ...

For the past 18 months, U.S. stock markets have experienced an exceptional performance. The S&P 500, a broad-market index, has surged by around 17% year to date, following a 24% increase in 2023. This year, the benchmark has achieved 36 all-time highs in both intraday and closing figures. Recently, several key economic data releases have fallen short of estimates, prompting some economists and financial experts to suggest that the Federal Reserve should begin lowering the benchmark lending rate starting in ...

Greenland Technologies Holding Corporation (GTEC) : This material handling solutions provider carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days. Here are three stocks with buy rank and strong value characteristics for investors to consider today, July 10: Coterra Energy Inc. (CTRA) : This oil and gas company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing ...

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 ...

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 ...

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 ...

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 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 ...

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 ...