- For the 1st Quarter, Coterra Energy Inc’s Adjusted EPS was 51c, which is more than the estimated 41c, but less than last year’s 87c.
- Cash flow from operations was $856 million, a decrease of 43% year-over-year, but higher than the estimated $765 million.
- The company’s discretionary cash flow was at $797 million, down by 23% from the previous year.
- Adjusted Ebitdax was $917 million, a year-over-year decrease of 25%, but more than the estimated $864.8 million.
- Coterra Energy Inc reported operating revenue of $1.43 billion, a 19% decrease from the previous year but surpassing the estimate of $1.39 billion.
- The free cash flow was reported at $340 million, down by 39% year-over-year.
- In terms of ratings, there were 18 buys, 10 holds and 0 sells for Coterra Energy Inc’s stock.
Coterra Energy on Smartkarma
Independent analysts at Baptista Research have provided insightful coverage on Coterra Energy on Smartkarma, offering valuable investment research. In their report titled “Coterra Energy Inc.: These Are The 6 Major Growth Drivers & 3 Biggest Challenges For The Company! – Financial Forecasts,” the analysts highlighted the company’s exceptional financial performance, surpassing guidance for oil, natural gas, and barrels of oil equivalent in Q4. They noted a 10% year-over-year growth in oil volumes and a 5% growth in BOE, with projected capital investment ranging from $1.75 billion to $1.95 billion for 2024. Emphasizing geographic investments, Coterra is focused on bolstering activities in the Permian and Anadarko basins while scaling back in the Marcellus region.
In another report, “Coterra Energy Inc.: Initiation of Coverage – Business Strategy,” Baptista Research commended Coterra Energy for achieving an average daily production volume of 665 thousand barrels of oil equivalent in the second quarter. Noteworthy was the company’s significant milestone of reaching 95.8 thousand barrels of oil daily, signaling a strong performance trajectory. The analysts’ coverage underscores optimism, portraying a bullish sentiment towards Coterra Energy’s strategic positioning and operational achievements.
A look at Coterra Energy Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Coterra Energy shows a promising long-term outlook. With a high score in Growth and Momentum, the company seems to be on a positive trajectory for future expansion and market performance. The focus on developing oil and natural gas while prioritizing environmental sustainability positions Coterra Energy as a forward-thinking player in the energy sector.
While the Value, Dividend, and Resilience scores are not as high as Growth and Momentum, they still indicate a solid foundation for the company’s overall performance. With a balanced approach to financial metrics and sustainability practices, Coterra Energy appears to be well-positioned to navigate market challenges and capitalize on growth opportunities in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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