We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights Magnolia Oil & Gas, Occidental Petroleum and Coterra Energy
Read MoreHide Full Article
For Immediate Release
Chicago, IL – February 18, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Magnolia Oil & Gas (MGY - Free Report) , Occidental Petroleum (OXY - Free Report) and Coterra Energy (CTRA - Free Report) .
Here are highlights from Friday’s Analyst Blog:
3 Momentum Energy Stocks to Focus on This Earnings Season
We are now midway through the fourth-quarter 2024 earnings season for the Oil – Energy sector, and results are unfolding as expected. Earnings for the S&P 500 energy companies are projected to decline 24.8% year over year, even as revenues edge up 2.1%. So far, reported earnings have come in 33% lower than the same period last year, aligning with prior forecasts. This follows the 22.9% EPS drop in Q3, reflecting the continued challenges for the sector amid fluctuating commodity prices.
Oil and Gas Prices in Q4 2024
Crude oil prices faced significant headwinds in Q4 2024, marking a noticeable drop compared to the previous year. According to the U.S. Energy Information Administration, average WTI crude prices for October, November and December 2023 were $85.64, $77.69, and $71.90 per barrel, respectively. In contrast, during the same months in 2024, prices fell to $71.99, $69.95, and $70.12 per barrel — a clear sign of weaker demand and increased supply.
Meanwhile, natural gas prices showed mixed trends. The U.S. Henry Hub averaged $2.20 in October, $2.12 in November, and rebounded to $3.01 in December 2024. While the early months saw lower prices than in 2023 ($2.98, $2.71, and $2.52), the late uptick in December suggests some resilience in gas demand.
3 Energy Stocks Set to Beat on Earnings
While the overall picture for Q4 energy earnings remains weak, a few stocks are positioned to deliver strong results and could rally after their reports. Three stocks with momentum potential set to beat on earnings later this month are Magnolia Oil & Gas, Occidental Petroleum and Coterra Energy.
All three companies carry a Zacks Momentum Score of either A or B. Additionally, these stocks hold a Zacks Rank of #3 (Hold) and has a positive Earnings ESP.
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better (Rank #1 or 2) and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings release. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Stocks to Track
Magnolia Oil & Gas: It is an independent exploration and production operator, with the Eagle Ford Shale and Austin Chalk formations in South Texas being its chief operating regions. The company focuses on growth through a combination of acquisitions and active drilling. Further, Magnolia has done a commendable job of enhancing its unit metrics, leading to attractive margins. MGY is also financially healthy, with modest debt and solid liquidity.
Magnolia Oil & Gas has an Earnings ESP of +1.73% and a Momentum Score of A. The firm is scheduled to release earnings on Feb. 18.
Coterra Energy: It is an independent upstream operator primarily engaged in the exploration, development and production of natural gas. Headquartered in Houston, TX, the firm owns some 183,000 net acres in the gas-producing Marcellus Shale of the Appalachian Basin. The Zacks Rank #3 company's share of natural gas in its overall production is around 65%.
Coterra Energy has an Earnings ESP of +0.10% and a Momentum Score of B. The firm is scheduled to release earnings on Feb. 24.
Occidental Petroleum: Houston, TX-based Occidental Petroleum Corporation is an integrated oil and gas company with significant exploration and production exposure. The #3 Ranked company is also a producer of a variety of basic chemicals, petrochemicals, polymers and specialty chemicals. The acquisition of CrownRock, strategic investments, cost management, strength in international operations, low-cost operations and Permian Basin exposure boost its performance.
Occidental Petroleum has an Earnings ESP of +3.00% and a Momentum Score of A. The firm is scheduled to release earnings on Feb. 18.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
The Zacks Analyst Blog Highlights Magnolia Oil & Gas, Occidental Petroleum and Coterra Energy
For Immediate Release
Chicago, IL – February 18, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Magnolia Oil & Gas (MGY - Free Report) , Occidental Petroleum (OXY - Free Report) and Coterra Energy (CTRA - Free Report) .
Here are highlights from Friday’s Analyst Blog:
3 Momentum Energy Stocks to Focus on This Earnings Season
We are now midway through the fourth-quarter 2024 earnings season for the Oil – Energy sector, and results are unfolding as expected. Earnings for the S&P 500 energy companies are projected to decline 24.8% year over year, even as revenues edge up 2.1%. So far, reported earnings have come in 33% lower than the same period last year, aligning with prior forecasts. This follows the 22.9% EPS drop in Q3, reflecting the continued challenges for the sector amid fluctuating commodity prices.
Oil and Gas Prices in Q4 2024
Crude oil prices faced significant headwinds in Q4 2024, marking a noticeable drop compared to the previous year. According to the U.S. Energy Information Administration, average WTI crude prices for October, November and December 2023 were $85.64, $77.69, and $71.90 per barrel, respectively. In contrast, during the same months in 2024, prices fell to $71.99, $69.95, and $70.12 per barrel — a clear sign of weaker demand and increased supply.
Meanwhile, natural gas prices showed mixed trends. The U.S. Henry Hub averaged $2.20 in October, $2.12 in November, and rebounded to $3.01 in December 2024. While the early months saw lower prices than in 2023 ($2.98, $2.71, and $2.52), the late uptick in December suggests some resilience in gas demand.
3 Energy Stocks Set to Beat on Earnings
While the overall picture for Q4 energy earnings remains weak, a few stocks are positioned to deliver strong results and could rally after their reports. Three stocks with momentum potential set to beat on earnings later this month are Magnolia Oil & Gas, Occidental Petroleum and Coterra Energy.
All three companies carry a Zacks Momentum Score of either A or B. Additionally, these stocks hold a Zacks Rank of #3 (Hold) and has a positive Earnings ESP.
You can seethe complete list of today's Zacks #1 Rank stocks here.
Why This Matters for Investors
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better (Rank #1 or 2) and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings release. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
Stocks to Track
Magnolia Oil & Gas: It is an independent exploration and production operator, with the Eagle Ford Shale and Austin Chalk formations in South Texas being its chief operating regions. The company focuses on growth through a combination of acquisitions and active drilling. Further, Magnolia has done a commendable job of enhancing its unit metrics, leading to attractive margins. MGY is also financially healthy, with modest debt and solid liquidity.
Magnolia Oil & Gas has an Earnings ESP of +1.73% and a Momentum Score of A. The firm is scheduled to release earnings on Feb. 18.
Coterra Energy: It is an independent upstream operator primarily engaged in the exploration, development and production of natural gas. Headquartered in Houston, TX, the firm owns some 183,000 net acres in the gas-producing Marcellus Shale of the Appalachian Basin. The Zacks Rank #3 company's share of natural gas in its overall production is around 65%.
Coterra Energy has an Earnings ESP of +0.10% and a Momentum Score of B. The firm is scheduled to release earnings on Feb. 24.
Occidental Petroleum: Houston, TX-based Occidental Petroleum Corporation is an integrated oil and gas company with significant exploration and production exposure. The #3 Ranked company is also a producer of a variety of basic chemicals, petrochemicals, polymers and specialty chemicals. The acquisition of CrownRock, strategic investments, cost management, strength in international operations, low-cost operations and Permian Basin exposure boost its performance.
Occidental Petroleum has an Earnings ESP of +3.00% and a Momentum Score of A. The firm is scheduled to release earnings on Feb. 18.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.