Up 57% This Year, Is Coterra Energy Still a Buy?
Oil and gas stocks have provided a refuge for investors fleeing the turmoil of the wider markets in 2022. Generally speaking, oil and gas producers tend to be deep-value stocks -- boasting modest price-to-earnings valuations and paying above-average dividends to shareholders.
And this year -- after many years of figuratively wandering the stock market wilderness -- these largely forgotten stocks have come roaring back to life. One such name is Coterra Energy (NYSE: CTRA), an oil and gas exploration company based in Houston. So, with shares of Coterra up 57% this year, is it too late to buy?
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Source Fool.com
