Coterra Energy (CTRA) Stock

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CTRA's recent purchase increases its presence in the Permian Basin, which will boost growth and efficiency, leading to a positive outlook for 2025.

Coterra Energy, a U.S. oil and gas company, announced on Wednesday that it plans to buy specific assets from Avant Natural Resources and its partners, as well as Franklin Mountain Energy in New Mexico. The total value of the deal is $3.95 billion, which will be paid in cash and stock.

HOUSTON--(BUSINESS WIRE)--Coterra Energy Inc. (NYSE: CTRA) has announced that Blake Sirgo, the Senior Vice President of Operations, will take part in a fireside chat at the Bank of America Securities-Global Energy Conference. This chat is scheduled to start at 2:20 PM ET on Tuesday, November 12, 2024. You can watch the live webcast on the "Events & Presentations" page in the "Investors" section of the Company's website at www.coterra.com.

The call began at 9:00 AM ET on January 1, 0000, for Coterra Energy, Inc. (NYSE:CTRA) regarding their Q3 2024 earnings, scheduled for November 1, 2024, at 9:00 AM ET. Key company participants include Tom Jorden, the CEO, and Shane Young, the CFO, among others. The call will also feature analysts from various financial institutions, and the operator, Audra, welcomed everyone to the conference.

Coterra Energy (CTRA) reported quarterly earnings of $0.32 per share, which is lower than the Zacks Consensus Estimate of $0.34 per share. This is a decrease compared to earnings of $0.50 per share from the same period last year.

The decline in natural gas production and prices probably affected CTRA's earnings in the third quarter.

Coterra Energy Inc., a gas and oil producer valued at $18.0 billion, provides a reliable dividend, share buybacks, and a variable dividend that increases when there is enough free cash flow. While most of its production comes from natural gas, the company is working to raise its oil and NGL output. Coterra operates in the Marcellus, Anadarko, and Permian basins, and it has a low beta of 0.20, indicating it is not very volatile.

Investors should consider putting their money into strong stocks like CTRA and EQT. At the same time, it might be better to steer clear of riskier choices like CRK.