Carbon Natural Gas (OTCMKTS:CRBO) and Antero Resources (NYSE:AR) are both oils/energy companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, valuation, analyst recommendations, dividends, institutional ownership, risk and earnings.
This table compares Carbon Natural Gas and Antero Resources’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Carbon Natural Gas||12.39%||8.65%||2.91%|
This is a breakdown of recent ratings and price targets for Carbon Natural Gas and Antero Resources, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Carbon Natural Gas||0||0||0||0||N/A|
Antero Resources has a consensus target price of $21.19, indicating a potential upside of 98.80%. Given Antero Resources’ higher probable upside, analysts plainly believe Antero Resources is more favorable than Carbon Natural Gas.
Insider and Institutional Ownership
6.4% of Carbon Natural Gas shares are held by institutional investors. Comparatively, 95.9% of Antero Resources shares are held by institutional investors. 71.7% of Carbon Natural Gas shares are held by company insiders. Comparatively, 9.4% of Antero Resources shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Valuation and Earnings
This table compares Carbon Natural Gas and Antero Resources’ revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Carbon Natural Gas||$22.47 million||3.10||$6.31 million||N/A||N/A|
|Antero Resources||$3.66 billion||0.92||$615.07 million||$0.12||88.83|
Antero Resources has higher revenue and earnings than Carbon Natural Gas.
Volatility & Risk
Carbon Natural Gas has a beta of 1.8, meaning that its share price is 80% more volatile than the S&P 500. Comparatively, Antero Resources has a beta of 1.02, meaning that its share price is 2% more volatile than the S&P 500.
About Carbon Natural Gas
Carbon Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids properties in the United States. It focuses on conventional and unconventional reservoirs, including shale, tight sand, and coalbed methane located in the Appalachian, Illinois, and Ventura Basins. As of December 31, 2017, it owned working interests in 2,600 net wells and royalty interests located in Kentucky, Ohio, Tennessee, and West Virginia, as well as had leasehold positions in approximately 189,000 net developed acres and approximately 222,400 net undeveloped acres located in the Appalachian basin. The company also owned working interests in 29 net coalbed methane wells in the Illinois Basin; had a leasehold position in approximately 1,900 net developed acres and approximately 58,000 net undeveloped acres. In addition, it owned working interests in 200 net wells; and had leasehold positions in approximately 2,300 net developed acres, as well as approximately 8,000 net undeveloped acres. The company was formerly known as Carbon Natural Gas Company and changed its name to Carbon Energy Corporation in June 2018. Carbon Energy Corporation is based in Denver, Colorado.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold. It also owned and operated 242 miles of gas gathering pipelines in the Marcellus Shale; and 123 miles of low-pressure, high-pressure, and condensate gathering pipelines in the Utica Shale; and 8 miles of high-pressure pipelines, as well as one compressor station. The company was formerly known as Antero Resources Appalachian Corporation and changed its name to Antero Resources Corporation in June 2013. Antero Resources Corporation was founded in 2002 and is headquartered in Denver, Colorado.
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