As of December 31, 2021, Coterra had proved reserves of approximately 2,892,582 thousand barrels of oil equivalent, which include 189,429 thousand barrels of oil and other liquid hydrocarbons, 14,895 billion cubic feet of natural gas and 220,615 thousand barrels of natural gas liquids.
Coterra Energy stock investors receive a 9.65% dividend. Stifel’s $40 target price compares with the $36.13 consensus target and Tuesday’s close at $25.80.
Medical Properties Trust
This real estate investment trust may offer investors the best value at current price levels. Medical Properties Trust Inc. (NYSE: MPW) acquires, develops and invests in health care facilities and leases health care facilities to health care operating companies and providers. The company also provides mortgage loans to health care operators, as well as working capital and other term loans to its tenants/borrowers.
With a growing portfolio and a versatile business model, Medical Properties Trust continues to rank high across Wall Street. The analysts noted that the company’s acute care hospitals rent coverage increased nicely and the company attributed the increase to better cost controls and higher patient admissions.
Shareholders receive a 9.25% distribution. The $18 Raymond James price target accompanies a Strong Buy rating. The consensus target for Medical Properties Trust stock is $16.46, and shares closed at $12.53 on Tuesday.
Rio Tinto
Shares of this mining company could explode higher if the world economy rebounds strongly in 2023. Rio Tinto PLC (NYSE: RIO), the world’s second-largest mining company, has operations in Australia, Africa, the Americas, Europe and Asia. It is the world’s largest producer of aluminum, second largest producer of iron ore, and a top five producer of alumina, uranium, mined copper, export thermal and coking coal, and diamonds.
In addition, Rio Tinto is also involved in alumina production; primary aluminum smelting; bauxite mining; alumina refining; and ilmenite, rutile and zircon mining, as well as the provision of gypsum.
Rio Tinto has a strong balance sheet and low-cost iron ore assets, as well as copper and aluminum assets, that offer leverage to an eventual cyclical recovery. Some on Wall Street believe that iron ore may continue to surprise to the upside in 2023.
The dividend yield here is 9.78%. The Credit Suisse price target is $75 while the consensus target is $71.19. Rio Tinto stock closed on Tuesday at $70.34.
Verizon
This top telecommunications stock offers tremendous value at current levels. Verizon Communications Inc. (NYSE: VZ) is one of the largest U.S. telecom companies. It provides wireless and wireline service to retail, enterprise and wholesale customers.
The company’s wireless network serves approximately 120 million mobile connections with 115 million postpaid subscribers. Its wireline business has undergone a period of secular decline due to wireless substitution and cable competition.
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