10 High Growth Energy Stocks To Invest In

6. Coterra Energy Inc. (NYSE:CTRA)

5-Year Revenue CAGR: 20.19%

Number of Hedge Fund Holders: 39

Coterra Energy Inc. (NYSE:CTRA) is an independent oil and gas company. It focuses on exploring, developing, and producing oil, natural gas, and natural gas liquids across key regions in the United States, including the Permian Basin, Marcellus Shale, and Anadarko Basin. CTRA ranks among the best high-growth stocks in the energy industry.

In November 2024, Coterra Energy Inc. (NYSE:CTRA) announced two significant acquisitions of assets from Franklin Mountain Energy and Avant Natural Resources for a total consideration of $3.95 billion. This strategic move will enhance Coterra Energy Inc.’s (NYSE:CTRA) core operations in New Mexico. These assets are expected to significantly boost oil production in 2025 and provide additional inventory potential in established and emerging oil-weighted formations.

During the third quarter of 2024, Coterra Energy Inc. (NYSE:CTRA) signed three new long-term agreements to sell 200 million cubic feet per day (MMcfpd) of liquefied natural gas (LNG). Sales are projected to start in 2027 and 2028. This positions the company well to capitalize on the growing demand for liquefied natural gas (LNG) from its operations in the Permian Basin, Anadarko Basin, and Marcellus Shale.

Coterra Energy Inc. (NYSE:CTRA) has also made progress with its Windham Row wells, with 36 out of 57 wells already online and 10 more expected to come online by the end of the year. The remaining 11 wells are expected to come online in the first quarter of 2025. In terms of shareholder returns, the company distributed $265 million in Q3 2024 through dividends and share repurchases. With a strong focus on expanding its footprint and a commitment to returning value to shareholders, Coterra Energy Inc. (NYSE:CTRA) is well-positioned for growth. The combination of strategic acquisitions and robust production plans makes CTRA a compelling investment opportunity in the energy sector.