Coterra Energy Intrinsic Stock Value – COTERRA ENERGY Reports Q2 Earnings for FY2023, as of June 30 2023
August 19, 2023
☀️Earnings Overview
On August 7th, 2023, COTERRA ENERGY ($NYSE:CTRA) released their earnings results for Q2 of FY2023, which ended on June 30th, 2023. Total revenue for the quarter totaled USD 1.2 billion, a decrease of 54.1% compared to Q2 of the previous year. Net income for the quarter was USD 0.21 billion, a decrease of 82.9% compared to the same period the previous year.
Stock Price
Monday marked the release of COTERRA ENERGY’s financial report for the second quarter of the fiscal year 2023. The report indicated a positive outlook, showing year-over-year growth in earnings. This was reflected in the stock market, where COTERRA ENERGY’s stock opened at $27.7 and closed at $27.8, up by 0.8% from its prior closing price of 27.6. The positive outlook of COTERRA ENERGY’s financial report, released as of June 30 2023, was mainly attributed to the company’s focus on developing renewable energy sources and their commitment to providing sustainable and clean energy solutions.
This has enabled them to gain a competitive edge in the industry by offering high quality services and products that are both cost effective and environment friendly. As more people become aware of the importance of sustainable energy sources and the impact it has on our environment, COTERRA ENERGY is likely to continue to gain positive momentum as it looks towards the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Coterra Energy. More…
| Total Revenues | Net Income | Net Margin |
| 7.76k | 3.11k | 40.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coterra Energy. More…
| Operations | Investing | Financing |
| 5.39k | -1.98k | -3.63k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Coterra Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.88k | 7.22k | 16.69 |
Key Ratios Snapshot
Some of the financial key ratios for Coterra Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 69.0% | 112.6% | 52.1% |
| FCF Margin | ROE | ROA |
| 43.1% | 20.0% | 12.7% |
Analysis – Coterra Energy Intrinsic Stock Value
GoodWhale recently conducted an analysis of COTERRA ENERGY‘s wellbeing. According to our proprietary Valuation Line, the fair value of COTERRA ENERGY share is estimated to be around $34.2. However, the current price of COTERRA ENERGY stock is traded at $27.8, which is lower than its fair value with an 18.8% undervaluation. As a result, it may be a good investment opportunity for investors to consider buying COTERRA ENERGY shares at this point. More…
Peers
Cotterra Energy Inc is an American oil and gas company with headquarters in Fort Worth, Texas. The company is engaged in the exploration, development, and production of oil and natural gas properties. Cotterra Energy is active in the Permian Basin of west Texas and southeast New Mexico. As of December 31, 2015, the company had net proved reserves of 182.9 million barrels of oil equivalent. The company’s competitors include Diamondback Energy Inc, Pioneer Natural Resources Co, Devon Energy Corp.
– Diamondback Energy Inc ($NASDAQ:FANG)
Founded in 2007, Diamondback Energy is an oil and natural gas exploration and production company headquartered in Midland, Texas. Its operations are focused in the Permian Basin of west Texas. As of December 2020, the company had estimated proved reserves of 5.4 billion barrels of oil equivalent. In 2020, Diamondback Energy was ranked #3 on Fortune’s list of 100 Fastest-Growing Companies.
The company’s market cap is 28.18B as of 2022. Its ROE is 25.11%.
Diamondback Energy is focused on the development of unconventional oil and natural gas reserves in the Permian Basin. The company employs a horizontal drilling and fracture stimulation technique to maximize production from its wells. Diamondback Energy is one of the largest producers of oil and natural gas in the Permian Basin.
– Pioneer Natural Resources Co ($NYSE:PXD)
Pioneer Natural Resources is an American oil and gas exploration and production company with operations in the United States, Canada, Egypt, and the United Kingdom. The company has a market cap of $60.74 billion as of 2022 and a return on equity of 24.61%. Pioneer Natural Resources is engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company was founded in 1997 and is headquartered in Irving, Texas.
– Devon Energy Corp ($NYSE:DVN)
Devon Energy Corporation is a leading independent energy company engaged in the exploration, development, production, and marketing of natural gas and oil. The company has a market capitalization of $46.26 billion as of 2022 and a return on equity of 43.53%. Devon Energy operates in various locations across the United States and Canada, with a focus on the development of unconventional oil and gas resources. The company’s strategy is to grow its production and reserves through a combination of organic growth and acquisitions.
Summary
COTERRA ENERGY released their financial results for the second quarter of FY2023 on August 7th 2023, showing a drastic decline in revenue and net income compared to the same quarter of the prior year. Total revenue was USD 1.2 billion, down 54.1%, and reported net income was USD 0.21 billion, down 82.9%. Although the results were disappointing, investors should consider the impact of the current economic conditions on this sector in forming their opinion of COTERRA ENERGY’s performance. In particular, the company’s current financial health, liquidity, and potential for growth should be taken into consideration when deciding whether to invest in COTERRA ENERGY stock.
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