Latest news with #CTRA
Yahoo
a day ago
- Business
- Yahoo
Coterra Energy price target raised to $38 from $33 at Raymond James
Raymond James analyst John Freeman raised the firm's price target on Coterra Energy (CTRA) to $38 from $33 and keeps an Outperform rating on the shares. Coterra Energy posted Q1 production at the high end of guidance and beat on capex, but it is pausing Harkey development in the Eastern Culberson and performing wellbore cement remediation work due to high water volumes, the analyst tells investors in a research note. The company ended Q1 with 13 rigs in the Permian, and the original plan calling for 10 rigs in the second half of 2025 has been reduced to seven rigs, the firm says. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on CTRA: Disclaimer & DisclosureReport an Issue SCHD ETF News, 6/3/2025 Coterra, Expand Energy could benefit from NY wind deal, says Citi Coterra Energy downgraded to Neutral from Outperform at Pickering Energy SCHD ETF News, 5/20/2025 SCHD ETF News, 5/16/2025
Yahoo
07-05-2025
- Business
- Yahoo
Coterra Energy First Quarter 2025 Earnings: Misses Expectations
Coterra Energy (NYSE:CTRA) First Quarter 2025 Results Key Financial Results Revenue: US$2.02b (up 46% from 1Q 2024). Net income: US$516.0m (up 47% from 1Q 2024). Profit margin: 26% (in line with 1Q 2024). EPS: US$0.68 (up from US$0.47 in 1Q 2024). Our free stock report includes 2 warning signs investors should be aware of before investing in Coterra Energy. Read for free now. NYSE:CTRA Earnings and Revenue Growth May 7th 2025 All figures shown in the chart above are for the trailing 12 month (TTM) period Coterra Energy Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 9.9%. Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Performance of the American Oil and Gas industry. The company's shares are down 10% from a week ago. Risk Analysis Before you take the next step you should know about the 2 warning signs for Coterra Energy that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
05-05-2025
- Business
- Yahoo
Coterra Energy (CTRA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
The market expects Coterra Energy (CTRA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 5. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This independent oil and gas company is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of +49%. Revenues are expected to be $1.92 billion, up 34.1% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 8.24% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Cabot, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.84%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Cabot will most likely beat the consensus EPS estimate. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Cabot would post earnings of $0.42 per share when it actually produced earnings of $0.49, delivering a surprise of +16.67%. Over the last four quarters, the company has beaten consensus EPS estimates two times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Cabot appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. EOG Resources (EOG), another stock in the Zacks Oil and Gas - Exploration and Production - United States industry, is expected to report earnings per share of $2.74 for the quarter ended March 2025. This estimate points to a year-over-year change of -2.8%. Revenues for the quarter are expected to be $5.88 billion, down 4% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for EOG Resources has been revised 12.3% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.01%, reflecting a higher Most Accurate Estimate. This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that EOG Resources will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coterra Energy Inc. (CTRA) : Free Stock Analysis Report EOG Resources, Inc. (EOG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Otago Daily Times
29-04-2025
- Sport
- Otago Daily Times
Action-packed season finale set for Riverside Speedway
Another big season of speedway action will draw to a close this Saturday when Aotea Electric Riverside Speedway host their final meeting of the race season. This season has certainly been a testing one for the Southern club with adverse weather affecting numerous meetings, meaning extra events have had to be scheduled into the race calendar throughout the season. This, doubled with a new track surface that just would not do what the club wanted, made life very hard and testing for all involved, but the last three meetings the club has seen some expert hands come out of the woodwork. The track is really starting to come into its own, and while it is still a work in progress, travelling drivers are starting to sing its praises and return to each meeting. This Saturday will see the final Southland Championship contested which will be for Six Shooters. Reigning champion Mason Whelan has been banking some solid results coming into this event and will certainly be tough to beat. Clubmates Luke Shearing and Danny Livingstone have also been tasting success around the traps with Shearing winning two major events in Cromwell and Livingstone winning the New Zealand Six Shooter Championship for the CTRA organisation. This event will double as the Scott Gordon Memorial for Six Shooters, a popular event that will attract drivers from both Cromwell and Christchurch, and a real credit to organiser Deborah Brown who looks after this event and the grade, always ensuring the event is one of the most memorable of the season. Saloons will also race for the Rod McLaren Memorial, and while duck-shooting has taken out a couple of key drivers, the field that has entered so far will be a very competitive; Graham Williamson, of Riverside, and Jason Gold, of Cromwell, are expected to be front-runners for the title. The Ronnie Tree Memorial for Stockcars will be exciting as it is not all about winning; the Ronnie Tree Memorial Trophy is awarded to the driver who causes the most carnage on track, so expect some big hits across the grade. The favourite going into the event will be Luke Fallow who recently placed second in the South Island Stockcar Championship held at Riverside. Streetstocks will race for one of their most treasured championships, the Cecile Kergozou Memorial Trophy and a big field of cars will be ready to do battle for the trophy including several out-of-town drivers. Local hopes will rest with veteran driver Steve Dryden and Dillon MacHattie, who has just returned with a new car — they will have to be at their best to win this event with drivers prepared to wreck their cars with it being the last meeting of the season. Youth and Production Saloons will also be having their last races of the season, and the Demolition Ramp Derby will see the curtain fall on another busy season at the world's southern-most speedway track. By Daryl Shuttleworth
Yahoo
07-02-2025
- Business
- Yahoo
Coterra Energy price target raised to $28 from $26 at Jefferies
Jefferies raised the firm's price target on Coterra Energy (CTRA) to $28 from $26 and keeps a Hold rating on the shares as the firm comes off restriction following the Franklin Mountain/Avant purchase in New Mexico. The firm models the deal delivering about $500M of additional free cash flow, along with incremental inventory in 'a key oil asset,' the analyst tells investors. Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions. Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on CTRA: Coterra Energy price target raised to $36 from $33 at Barclays Coterra Energy price target raised to $34 from $33 at Piper Sandler Coterra Energy price target raised to $33 from $30 at Roth MKM Coterra Energy price target raised to $41 from $35 at Raymond James Coterra Energy price target raised to $32 from $30 at Morgan Stanley
