Coterra Energy Stock Fair Value – Coterra Energy Shares Soar 2.48% Despite Market Volatility
August 12, 2023
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Coterra Energy ($NYSE:CTRA) Inc. (COTERRA), a leading supplier of oil and gas, saw its stock soar 2.48% on Thursday, closing the trading session at $27.70 despite the market volatility. COTERRA is an energy exploration and production company with operations in Texas and New Mexico, as well as in the Gulf of Mexico. The company’s portfolio includes three main areas of operation: oil and gas production, exploration and development, and natural gas production and gathering. COTERRA has a long-term goal of becoming one of the leading independent energy producers in the US, and its strong performance during the volatile market trading session indicates that investors remain confident in the company’s ability to achieve this goal.
Aside from its domestic operations, COTERRA is also exploring opportunities in international markets. The company is currently investing in exploration and development activities in countries such as Mexico, Ecuador, Peru, Colombia, and Brazil. As COTERRA continues to expand its reach into new markets, the company’s stock is likely to remain a sound investment for years to come.
Analysis – Coterra Energy Stock Fair Value
At GoodWhale, we conducted an analysis of COTERRA ENERGY‘s wellbeing. Through our proprietary Valuation Line, we determined that the fair value of COTERRA ENERGY’s share is around $34.4. As of now, the stock is being traded at $27.6, which implies that it is undervalued by 19.8%. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Coterra Energy. More…
| Total Revenues | Net Income | Net Margin |
| 7.76k | 3.11k | 40.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coterra Energy. More…
| Operations | Investing | Financing |
| 5.39k | -1.98k | -3.63k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Coterra Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.88k | 7.22k | 16.69 |
Key Ratios Snapshot
Some of the financial key ratios for Coterra Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 69.0% | 112.6% | 52.1% |
| FCF Margin | ROE | ROA |
| 43.1% | 20.0% | 12.7% |
Peers
Cotterra Energy Inc is an American oil and gas company with headquarters in Fort Worth, Texas. The company is engaged in the exploration, development, and production of oil and natural gas properties. Cotterra Energy is active in the Permian Basin of west Texas and southeast New Mexico. As of December 31, 2015, the company had net proved reserves of 182.9 million barrels of oil equivalent. The company’s competitors include Diamondback Energy Inc, Pioneer Natural Resources Co, Devon Energy Corp.
– Diamondback Energy Inc ($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 Inc. has seen a 2.48% increase in stock price on Thursday, trading at $27.70. This suggests that investors have a positive outlook on the company’s future prospects. Analysts are likely encouraging investors to take a closer look at COTERRA Energy Inc., citing its recent growth and potential for further expansion. With attention to these factors, COTERRA Energy Inc. is likely to remain a attractive option for investors in the coming months.
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