10 Most Profitable Value Stocks To Invest In

7. Coterra Energy Inc. (NYSE:CTRA)

Number of Hedge Fund Holders: 48

Forward P/E as of October 23, 2024: 13.7

10 Year Revenue Growth Rate: 10.9%

Trailing 12 Month (TTM) Net Income (June 30): $1.31 Billion

Coterra Energy Inc. (NYSE:CTRA) is a diversified energy company that ranks seventh on our list of the most profitable value stocks to invest in. The oil and gas company is engaged in the development, exploration, and production of oil, natural gas, and natural gas liquids in the United States.

During the second quarter of 2024, Coterra Energy’s (NYSE:CTRA) net income hit $220 million, and cash flow from operating activities was recorded at $558 million. In addition to that, oil and natural gas production exceeded the high end of expectations, and capital expenditures were close to the low end of the guidance. Consequently, the company has increased guidance of total barrels of oil equivalent (BOE) production by 1% and oil production by 2.4% for the full year 2024.

Overall, Coterra Energy Inc. (NYSE:CTRA) is an investor’s favorite because it is committed to returning 50% of free cash flow or more to shareholders and has returned 103% year-to-date.

Coterra Energy Inc. (NYSE:CTRA) has exceptionally strong fundamentals, contributing to its ranking on our list. Not only that, but the company also has a well-planned and thought-out plan. For the second half of 2024 and 2025, the company is committed to making significant investments in oil and gas. Analysts are bullish on the stock and their median price target represents an upside of 29% from current levels.