Top 15 Energy Companies With the Highest Upside Potential

12. Coterra Energy Inc. (NYSE:CTRA)

Upside Potential as of April 28: 34.61%

Coterra Energy Inc. (NYSE:CTRA) is a premier, diversified energy company that engages in the exploration, development, and production of oil, natural gas, and NGLs in the United States.

Coterra Energy Inc. (NYSE:CTRA) reported an adjusted EPS of $0.49 in Q4 2024, beating estimates by $0.06. The company’s revenue of $1.4 billion, though down 12.6%, was also in line with expectations. Coterra’s total equivalent production for FY 2024 beat the high end of its guidance range, coming in at 677 million boe/d, driven by improved cycle times and strong well performance. Oil production also increased organically by 13% YoY. CTRA remains committed to its shareholders and returned $1.086 billion in 2024, composed of $635 million of dividends and $451 million of share repurchases, representing 89% of its free cash flow for the year. The company also recently increased its dividend by 4.8% to $0.22 per share.

Coterra Energy Inc. (NYSE:CTRA) recently expanded its footprint in the prolific Permian basin with the acquisition of certain assets of Avant Natural Resources and Franklin Mountain Energy for a combined $3.95 billion. Coterra expects the new assets to contribute 40,000–50,000 bpd and 60,000–70,000 boe/d to its production in 2025. However, not everyone is bullish about the strategic move.

ClearBridge Investments stated the following regarding Coterra Energy Inc. (NYSE:CTRA) in its Q4 2024 investor letter:

“We exited our position in Coterra Energy Inc. (NYSE:CTRA), an independent oil and gas exploration and production company, following the company’s decision to acquire oil and gas assets in the Permian Basin in two transactions that we believe prioritize company size over operational efficiency.”