Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Coterra Energy's third-quarter earnings highlight a balance of robust operational efficiencies and strategic capital allocation, underlining the company's adept management in navigating complex market environments.</li><li>The company reported surpassing their production targets while simultaneously reducing capital expenditure, which points to significant improvements in operational efficiencies and cost management.</li><li>Tom Jorden, the CEO, emphasized consistent organic oil growth and improved capital efficiency due to high-quality assets and strategic project execution, like the Windham Row project in Culberson County, which has exceeded expectations.</li></ul>

Coterra Energy's third-quarter earnings highlight a balance of robust operational efficiencies and strategic capital allocation, underlining the company's adept management in navigating complex market environments.The company reported surpassing their production targets while simultaneously reducing capital expenditure, which points to significant improvements in operational efficiencies and cost management.Tom Jorden, the CEO, emphasized consistent organic oil growth and improved capital efficiency due to high-quality assets and strategic project execution, like the Windham Row project in Culberson County, which has exceeded expectations.

Coterra Energy : An Insight Into Its Strategic Asset Management & Production Optimization & Other Major Drivers

<ul><li>Coterra Energy held its 2024 Earnings Call, reporting robust results for the second quarter.</li><li>The company highlighted strong financial performance alongside diligent execution of operational strategies, despite facing a 42% drop in realized natural gas prices between Q1 and Q2 2024.</li><li>Ensuing from this price drop, revenue only saw a modest 12% decline, illustrating Coterra Energy's resilience and strong market positioning.</li></ul>

Coterra Energy held its 2024 Earnings Call, reporting robust results for the second quarter.The company highlighted strong financial performance alongside diligent execution of operational strategies, despite facing a 42% drop in realized natural gas prices between Q1 and Q2 2024.Ensuing from this price drop, revenue only saw a modest 12% decline, illustrating Coterra Energy's resilience and strong market positioning.

Coterra Energy Inc: Strategic Resource Allocation Across Basins & Critical Growth Catalysts! - Major Drivers

<ul><li>Coterra Energy Inc. reported strong first quarter 2024 results, with total equivalent production reaching the high end of guidance at 686,000 barrels of oil equivalent per day.</li><li>This was driven by well performance that exceeded expectations and optimal production timing.</li><li>The company increased its full year oil guidance while holding its natural gas guidance unchanged.</li></ul>

Coterra Energy Inc. reported strong first quarter 2024 results, with total equivalent production reaching the high end of guidance at 686,000 barrels of oil equivalent per day.This was driven by well performance that exceeded expectations and optimal production timing.The company increased its full year oil guidance while holding its natural gas guidance unchanged.

Coterra Energy: Balanced Portfolio and M&A Strategy

<ul><li>Coterra Energy displayed excellent financial results, exceeding oil, natural gas, and BOE (barrels of oil equivalent) guidance for Q4 with below capital guide.</li><li>Oil volumes demonstrated year-over-year growth of 10%, while the company declared a 5% growth for the BOE. The company's capital is expected to vary between $1.75 billion to $1.95 billion for 2024, investing approximately 60% of projected cash flow.</li><li>In terms of geographic investment, focus will be placed on boosting investment in the Permian and Anadarko basins while retrenching in the Marcellus.</li></ul>

Coterra Energy displayed excellent financial results, exceeding oil, natural gas, and BOE (barrels of oil equivalent) guidance for Q4 with below capital guide.Oil volumes demonstrated year-over-year growth of 10%, while the company declared a 5% growth for the BOE. The company's capital is expected to vary between $1.75 billion to $1.95 billion for 2024, investing approximately 60% of projected cash flow.In terms of geographic investment, focus will be placed on boosting investment in the Permian and Anadarko basins while retrenching in the Marcellus.

Coterra Energy Inc.: These Are The 6 Major Growth Drivers & 3 Biggest Challenges For The Company! - Financial Forecasts

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Our outlook remains bullish following the S&amp;P 500's multi-month base breakout above 5670, alongside healthy market dynamics which have continued to improve.</li>
<li>Two weeks ago, our election day report (11/5/24) was titled "Buy the Pullback," and with the SPX/QQQ/IWM pulling back to their 20-day MAs, it's time to buy the pullback <em>again</em>.</li>
<li>We continue to expect significant upside into year-end and early 2025, and we expect support at the 20-day MAs on the aforementioned indexes (though support at 50-day MAs is possible).</li>
</ul>


Our outlook remains bullish following the S&amp;P 500's multi-month base breakout above 5670, alongside healthy market dynamics which have continued to improve.
Two weeks ago, our election day report (11/5/24) was titled "Buy the Pullback," and with the SPX/QQQ/IWM pulling back to their 20-day MAs, it's time to buy the pullback again.
We continue to expect significant upside into year-end and early 2025, and we expect support at the 20-day MAs on the aforementioned indexes (though support at 50-day MAs is possible).


Buy the Pullback Again; S&P 500, Nasdaq 100, Russell 2000 Testing Confluence of Support

United States

Coterra Energy Inc. operates as a diversified energy company. The Company develops of oil and natural gas with a focus on protecting and preserving air quality, water resources, and the land on which we operate. Coterra Energy serves clients in the United States.

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Coterra Energy (CTRA US)

Coterra Energy : An Insight Into Its Strategic Asset Management & Production Optimization & Other Major Drivers

Coterra Energy's third-quarter earnings highlight a balance of robust operational efficiencies and strategic capital allocation, underlining the...

Baptista Research

Coterra Energy Inc: Strategic Resource Allocation Across Basins & Critical Growth Catalysts! - Major Drivers

Coterra Energy held its 2024 Earnings Call, reporting robust results for the second quarter. The company highlighted strong financial performance...

Baptista Research

Coterra Energy: Balanced Portfolio and M&A Strategy

Coterra Energy Inc. reported strong first quarter 2024 results, with total equivalent production reaching the high end of guidance at 686,000...

Baptista Research

Coterra Energy Inc.: These Are The 6 Major Growth Drivers & 3 Biggest Challenges For The Company! - Financial Forecasts

Coterra Energy displayed excellent financial results, exceeding oil, natural gas, and BOE (barrels of oil equivalent) guidance for Q4 with below...

Baptista Research

Buy the Pullback Again; S&P 500, Nasdaq 100, Russell 2000 Testing Confluence of Support

Buy the Pullback Again, Same as Our Election Day Report; S&P 500 $SPX, Nasdaq 100 $QQQ, Russell 2000 $IWM Testing Confluence of Support at 20-day...

Vermilion Research

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